Twitter is experimenting with “Coins,” an in-app money that producers may earn on the network.
Nima Owji and Jane Manchin Wong, two app researchers, recently posted screenshots of the functionality, which is still under development.
Owji has earlier tweeted two graphics that depicted a Tips section under Monetisation that included Twitter Coins.
Owji and Wong disclosed in fresh screenshots that Twitter engineers had included a Coins option to an early iteration of the platform’s navigation bar.
They also provided the Coins purchasing interface, which allows users to purchase them using Swipe.
According to the description, the Coins are meant to allow users to support artists who tweet “great” material.
Wong also demonstrated an Awards page, implying that Twitter users would be able to use the currency to purchase specific in-app presents for others. These presents range in price from one cent to 5,000.
It is unknown how much Twitter intends to charge for the coins, whether they will be exchangeable for cash, or whether they may be used to purchase other things.
According to Engadget, once the functionality is formally introduced, Twitter will probably receive a portion of the cash collected from their sale.
Since taking over as CEO of Twitter at the end of last year, Elon Musk has been pushing the company’s employees to create new income streams outside of its advertising segment.
Musk also advocated for the creation of a redesigned $8 Twitter Blue membership that allows users to purchase a verification badge, among other things.
Main Image: Twitter
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