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 to the ads which appear in the creators' response threads. This is another Tesla CEO initiative that was intended to improve the revenue model for the social media platform. The latest initiative is also indirectly related to the since there have long been speculations of introducing dogecoin (doge) based twitter payments.

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Model of advertising income of Twitter creators.

The same coin is Musk's preferred cryptocurrency and its commentary on Dogecoin's potential is widely known. It remains to be seen how the advertising revenue model for creators would translate in terms of payments. To be able to qualify for revenue sharing, creators must be registered in the verified blue program of Twitter, Musk said Friday. Tesla is already accepting DOGE based payments for its merchandise, a move that gave great confidence to the Dogecoin community.

Starting today, Twitter will share ad revenue with creators for ads that appear in their reply threads

— Elon muscula (@elonmusk) February 3, 2023

With the news, the price of Dogecoin has gone from trading to an increase of 0.5% in 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 hopes that Twitter will eventually introduce crypto payments in the coming months. Not just that, Musk had already given subtle hints about plans to introduce DOGE payments on Twitter

Recently, there has also been speculation that Twitter will also launch a portfolio that supports crypto deposit and removal. The micro blogging site is also said to be working on the NFT Tweet Tiles feature

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