US-based microblogging platform Twitter is getting ready to roll out its “Ticketed Spaces” feature, which will enable users to make money by hosting live audio rooms.
This feature will be available to those who have at least 1,000 Twitter followers. This is essentially an extension of the recently launched “Spaces” feature.
Users must have 600 followers to host live sessions on the platform, and those with 1,000 followers will be able to monetize their accounts.
Initially, the “Ticketed Spaces” feature would only be available to users in the US. According to reports, the feature will be available in the coming weeks.
Aside from getting 1,000 followers, a Twitter user must have hosted three spaces within the last 30 days and be at least 18 years old to earn money.
A host will be able to set their ticket price for live sessions on the microblogging site. You’ll also have the option of setting a limit on the number of tickets that can be sold.
According to sources, after Apple and Google’s in-app purchasing fees are taken, Twitter will take a 20 percent cut of sales and a host will receive up to 80 percent of the revenue.
In case you didn’t know, Google takes a 30 percent cut of all payments made inside apps available on the Google Play store. Twitter claims that the 20 percent cut will go toward covering the costs of Stripe, which will be handling payments on the platform. For payment purposes, users will be required to have a Stripe account.
As per the reports “initial applications, when they open, will be processed within a few weeks, and the team plans to start with a small test group. Although only US users will be able to host these ticketed spaces, for now, anyone around the globe can purchase access.”
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