This infographic from Madison Trust Company gives us a detailed look at the oldest currencies in the world. A nation’s money can give us insight into their most important historical figures, their values, and their cultural customs and symbols. This is on full display in Madison Trust’s infographic. The team listed world currencies still in circulation today based on how old they are.
Elon Musk has introduced yet another monetization opportunity
for creators on Twitter. Creators that are either subscribers of Twitter Blue
or have purchased the blue verification check, will be paid for “ads served in their
replies.”
In a few weeks, X/Twitter will start paying creators for ads served in their replies. First block payment totals $5M.
— Elon Musk (@elonmusk) June 9, 2023
Note, the creator must be verified and only ads served to verified users count.
On the other hand, Twitter has reduced ad exposure in the For You and Following timelines by 50%. This is not to be mixed with the recent monetization update, since the number of ads shown in replies remains unchanged, regardless.
Meta’s monetization offering for Reels creators is being
updated to pay creators based on how well their content does across the platform, in
place of ad earnings. In addition to that, the program is being expanded to
more users.
Changes to the Ads on Facebook Reels program will have
creators put more emphasis on creating engaging content while Meta will take care
of the ad experience for advertisers and audiences.
Performance of Reels will initially depend on the number of plays, according to Meta. Gradually, the platform may also add more payout options within the offering.
Meta is adding new ad options in Reels, so advertisers can
maximize their ad campaigns through short-form videos. These include Click-to-Messenger
Ads and the ability to turn organic image and video posts into ads in Ads
Manager on Facebook Reels, as well as the expansion of support for the Ads on
Facebook Reels post engagement objective.
The Click-to-Messenger Ads tool is created to help
businesses drive contact from people on Facebook via DMs. In a recent survey,
Meta noted that about 50% of Reels viewers have made DM contact with a brand
after seeing its short-form video content.
A prominent button that says “Send Message” prompts users to
contact a business via DM directly from the ad. These Click to Messenger ads, according
to Meta, are mostly shown to users that are “most likely to initiate a
conversation with a business on WhatsApp, Messenger or Instagram.”
Cities become “expensive” due to a number of factors such as high demand for housing, a concentration of high-paying businesses and industries, and a high standard of living. Furthermore, factors such as taxes, transportation costs, and availability of goods and services can also contribute to the overall cost of living in global cities.
The infographic uses data from EIU to rank the world’s most
and least expensive cities to live in.
There are many ways through which one can obtain citizenship
of a country. Simplest ways are to be born in that country or being the
descendent of one of its citizens. Other ways to get a permit is through marriage,
adoption or naturalization - the latter of which is based on an application-related
executive decision. Before the outburst of the Ukraine war, additional
"citizenship by investment" (CBI) programs were also offered in the
three EU member states of Cyprus, Malta and Bulgaria. These are more commonly
referred to as "golden passports.” With investment of a certain amount of
money, it becomes possible to obtain citizenship without the bureaucratic
hurdles.
TikTok is reportedly developing a new monetization option for
creators on its platform, that will allow them to set prices on their content. In
other words, creators will be able to charge fee from their audience to view
exclusive content.
The company is also experimenting with a redesigned fund program for creators that it first launched in 2020. The program is currently being tested with creators in France and Brazil and will be rolled out to creators in the US next month.
It has been reported by The New York Times that YouTube would
provide content creators with a direct monetization option for Shorts,
with the help of ad integration.
“The company plans to pay creators 45 percent of the ad
money,” says NYT, mentioning an audio source that gave out the news. In addition
to that, YouTube would also make changes to the criteria for applying to
the YouTube Partner Program, which would make it easier for creators to
make money from their Shorts content.
Generally, the requirement for YPP includes reaching 4,000 total public watch hours on your channel in the past 12 months and having over 1,000 subscribers to make the YPP cut. Since it is not possible to get that much of total watch time on Shorts, YouTube has considered lowering the count. Similarly, reducing the subscriber count would also assist beginner creators in maximizing their presence on the platform via Shorts.
To provide more monetization opportunities for creators on
its social platform, Meta is launching new subscriber-only features, through which
users can sign-up for subscriptions and support their favourite creators. The features include
Subscriber Chats and an option to create exclusive posts and reels for subscribers.
Subscriber Chats are powered by Messenger that enable creators
to connect with their audience by hosting exclusive chat sessions. The sessions
will hold up to 30 people at a time, hence creating a more intimate and
enclosed space. Moreover, creators can invite people to these chat sessions
using a “join chat” sticker in their Facebook or Instagram story. Meta also
adds that the chats will end automatically after 24 hours.
Instagram’s Livestream Badges feature is now rolling out to
more creators as the company is enabling it by default for all streams in regions
where Badges are available. The regions include US, UK, France, Spain, Italy,
Germany, Japan, Australia, Turkey, Brazil and Mexico.
Instagram announced that the Badges will be automatically accessible
once a creator that’s eligible for the feature opens their Live. The option can
also be switched off.
Livestream Badges are Instagram’s latest monetization tool
that creators can generate money with, through their IG Live interactions. It is
a valuable addition to boost engagement and produce revenue.
The Badges will be displayed next to comments on the Livestream. Users can buy these Badges during Livestreams by tapping the Badges icon in the lower function bar. The Badges are priced at $0.99 for one heart and a maximum of $4.99 for three.
Twitter’s Super Follow feature is now accessible to all iOS
users, that can be used for drawing income from top fans. Twitter launched
Super Follows in a beta test in September, allowing users to set a monthly
subscription fee up to $9.99, to make money from providing additional content
exclusively to their most engaged followers, the Super Followers.
The feature is part of Twitter’s broader plan of providing
more incentive for creators on its platform and increasing engagement and
interaction across its app.
Twitter is also currently working on other new monetization options, including On Profile Tipping, Ticketed Spaces, and Spark Spaces Funding. Ticketed Spaces is available to users in the US who have more than 1,000 followers and have hosted at least 3 Spaces in the last 30 days. The Spaces Funding on the other hand, is Twitter’s initiative for providing selected participants with $2500 per month to support the growth of their audio social content.
With almost everything being digitalized these days, the
sector of banking and payment isn’t left behind in the global world. Digital wallets
and online bank accounts are being used as alternatives for traditional cash payment.
Banking platforms are therefore, bringing new innovations to enhance the online
payment system. Among these platforms is social media giant Facebook, whose
daughter company WhatsApp rolled out its own payment system for users. With over
2 billion monthly users, it was no surprise that the feature was ultimately a
success in the digital industry.
One drawback of WhatsApp’s payment feature, however, was that it was slow and time taking. WhatsApp took the issue into consideration and has now improved the payment system by making it more efficient in terms of speed. The updated version of the feature is currently being tested for users in India and Brazil.
Facebook announced in its latest blogpost that it is
planning to invest over $1 billion in programs for creators on Facebook and Instagram
by the end of 2022. “We want to reward creators, especially those who are just
starting out, for creating content their communities love,” the post reads.
The social media giant’s investment will include new bonus
programs to pay creators for achieving certain milestones, as well as seed
funding for creators to produce their content.
As for the bonus programs, Facebook intends to reward creators and help them understand the performance dynamics of their content. These programs will be seasonal and will also evolve and expand over time, according to Facebook. The company specified that it is planning to launch bonuses within the Instagram app this summer and within the Facebook app in fall.
Instagram’s latest short video clips feature, Reels, is reportedly
going to offer incentives to creators; something that Snapchat has already
offered to its top creators through a similar feature called Spotlight. It
looks like Instagram is following Snap’s approach to boost the feature.
Snap pays out $1 million per day to the top Spotlight
creators and the strategy has proven to be effective, as it has led 125 million
Snapchat users visiting Spotlight every month and creators earning big amounts
of money through these clips.
Instagram’s similar payment program was spotted by app researcher Alessandro Paluzzi, who found the announcement screen in the back-end code of the app.
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