Elon Musk Promises To Monetize Twitter User Content Soon, Dogecoin To Pump?

Elon Musk made several changes related to Twitter that he promised after taking over the social media giant last year. Twitter CEO Elon Musk also confirmed earlier that creators will be able to monetize content on Twitter. Dogecoin had a splendid rally then.

A Twitter user on Saturday said his tweet impressions exceeded 1 million for the first time, but the problem is that he doesn’t know how to monetize it. The tweet impressions reached 1.37 million, up 102.8%.

“I know most y’all do this all the time but this my first time crossing a million. now the question is how do i turn this into dollars.”

Dogecoin founder Billy Markus “Shibetoshi Nakamoto” replied to let him also know if he figures out a method for turning tweets into money.

Elon Musk replied that the team is working to help Twitter users monetize their content. Musk’s reply sparked conversations on the topic, with several users attempting to help suggest different indirect ways to monetize. The user replied that he can also accept Dogecoin, if not fiat.

Interestingly, developer Nima Owji revealed that Twitter is still advancing the development of the virtual asset “Coins”. The Twitter developer version has updated the function and usage announcement of Coins. A label on Twitter shows the amount of Twitter Coins that a tweet has received!

Dogecoin’s graphics designer DogeDesigner said the amount of ‘Twitter Coins’ received is likely to be displayed on every tweet. However, Elon Musk didn’t comment on it.

On February 3, Elon Musk announced that the company will start sharing advertising revenue with creators as Twitter moves towards “creator economy.” However, users must be signed up for Twitter Blue, which starts at $8 a month.

Dogecoin Price Fails to React to Elon Musk

Dogecoin price failed to react to Elon Musk’s tweet. The DOGE price is currently trading at $0.08715, up 1% after a significant rally in the last few days.

The 24-hour low and high are $0.08639 and $0.08847, respectively. Furthermore, the trading volume has decreased by 50% in the last 24 hours, indicating a decline in interest.

Also Read: Ark Invest CEO Cathie Wood’s Next Strategy On Bitcoin, Tesla And AI

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for a substantial period and is currently covering all the latest updates and developments in the crypto industry.