TikTok is launching its freshly redesigned creator fund named “Creative Program Beta,” which is open to all American creators. This is intended to increase revenue and open up new prospects for its developers.
Program for Creatives on TikTok
The TikTok Creative initiative was first introduced in February as an invite-only initiative. It is currently accessible to all American creators who are eligible. According to a press release from the company, it has a new design for creators that might increase revenue and open up more prospects.
This program has been updated, and in order to qualify, artists must have a US-based account, be at least 18 years old, have at least 10,000 followers, and have received at least 100,000 views in the past 30 days.
According to TikTok, this program is still in its infancy. By releasing the beta version now, the firm will be able to investigate methods to enhance the experience for its creative community and the manner in which creators are monetized.
In comparison to the Creator Fund, this initiative offers considerably greater access to an updated dashboard with additional information about expected revenue, video performance indicators, and eligibility conditions for videos.
The reports claim that the Creator Fund still exists since TikTok released the Creative Program beta and would conceivably release it to a wider public. When this program becomes accessible, Creator Fund participants can switch to it. Once enrolled in this recently launched beta, however, creators won’t be able to switch back to the old program.
No word from the company on whether this new program will take the place of the Creator Fund. But it’s possible that TikTok will replicate the earlier Creator Fund once this develops, goes live globally, and emerges from the beta stage.
The Creative Program is the newest tool in TikTok’s arsenal for generating revenue. The business added tips and gifts as revenue methods to the platform in addition to LIVE subscriptions and TikTok pulse.
Also read: Mercedes O 302 that served as official bus for 1974 FIFA World Cup
In an effort to please producers, TikTok also debuted a new feature in March. According to a report, “Series” enables qualified producers to publish content behind a paywall, enabling them to publish compilations of premium content that viewers may buy access to.
Up to 80 videos lasting 20 minutes each can be included in a single series. Additionally, creators will be free to choose their prices based on what they feel best represents the worth of their premium content. Unfortunately, only a small number of users may access this, but it was said that applications to join an opening might be available in the coming months.