In a product push, Twitter has introduced Bitcoin tipping and security features. Twitter announced in September that users would be able to tip their favorite content creators in Bitcoin and that a fund would be established to compensate some users who host audio chat rooms on its Spaces feature.
The San Francisco-based firm also stated that it will try new ways to make Twitter a safer place for users, such as alerting users when they are entering a “hot” chat or allowing them to exit tweet threads. This comes right after Twitter started testing the reactions to tweets feature that is meant to be rolled out sometime next year.
In a blog post, the company shared: “Whether you want to tip your favorite account because you adore their commentary, send some love to an emerging comedy creator for their hilarious Tweets, help a small business owner through a difficult time, give to an important cause — whatever you want to support (and we know you already have some ideas), Tips is here to help you do it. We’ll roll out to people on iOS first and then bring Tips to people on Android over the coming weeks.”
Why it’s happening
The product launches are part of Twitter’s push to compete for prominent content creators with significant followings against rival platforms like Facebook, Google, and YouTube. They want to turn around their image as a site where polarized discussions can fester. Twitter users on iOS devices around the world may now make and receive digital payments, which was previously only available to a select set of beta testers.
In a press event, Esther Crawford, Twitter’s product director for creator monetization, said, “We believe we can continue to incentivize the types of conversations that people want to see.”
Twitter has announced that it will support authentication for non-fungible tokens (NFTs), which are digital assets like photographs or movies stored on a blockchain. The function will allow users to track and display their NFT ownership on Twitter, according to the business. Additionally, Twitter will introduce a creator fund to provide financial and other resources to help Spaces flourish, as well as provide technical and marketing support to users who host recurring audio programming on Spaces.
According to Andre Jean-Pierre, a Spaces early beta tester, such support will allow more Spaces hosts to organize better dialogues and potentially earn brand sponsorship deals. Twitter also stated that it is looking into allowing users to filter out certain terms from replies to their tweets that they do not want to read, which may be used to prevent name-calling or abusive conduct.
Photo via Twitter