Dogecoin (DOGE) On The Rise With Elon Musk Twitter Ad Revenue Initiative

Dogecoin Twitter news: Twitter head Elon Musk said Twitter will start sharing ad revenue with creators starting today. The initiative is applicable for advertisements that appear in creators’ reply threads. This is yet another initiative from the Tesla CEO, who had been planning to improve the revenue model for the social media platform. The latest initiative is also indirectly linked to the crypto market as there has been long time speculation of Twitter introducing Dogecoin (DOGE) based payments.

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Twitter’s Creator Ad Revenue Model

The memecoin is Musk’s favorite cryptocurrency and his comments on the potential of Dogecoin are widely known. It remains to be seen how the creators ad revenue model would play out in terms of making payments in DOGE. To be able to qualify for the revenue sharing, creators must be subscribed to Twitter’s Blue Verified program, Musk said on Friday. Tesla is already accepting DOGE based payments for its merchandise, a move that gave great confidence to the Dogecoin community.

With the news, Dogecoin price went up from trading at a negative to gaining by 0.5% in the space of minutes. As of writing, DOGE price stands at $0.09299, down by 0.67% in the last 24 hours, according to CoinGape price tracker. On the other side, the DOGE community is hopeful that Twitter would at some point in the next few months introduce crypto based payments. Not just that, Musk had already given subtle hints about plans to introduce DOGE payments on Twitter.

In the recent times, it was also speculated that Twitter would also launch a wallet that supports crypto deposit and withdrawal. The micro blogging site is also said to be working on the NFT Tweet Tiles feature.

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Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @BitcoinReddy and reach out to him at [email protected]