A
What happened
X, the social media platform, is set to launch a marketplace for inactive usernames, allowing Premium subscribers to request and purchase handles. The marketplace will include both free and paid options, with rare handles priced significantly higher, potentially reaching over seven figures. Premium+ and Premium Business subscribers can request 'Priority' handles for free, while 'Rare' handles will be available through public drops and direct purchases. This initiative aims to generate revenue as X faces challenges with its advertising business. The controlled process for handle distribution is intended to prevent bot spam and misuse, ensuring a fair allocation of usernames.
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Key insights
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1
Revenue Generation
The marketplace aims to boost X's revenue through direct payments.
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2
Premium Subscription Appeal
The initiative may increase interest in X's Premium subscription offerings.
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3
Controlled Distribution
The marketplace prevents bot spam by controlling handle requests.
Takeaways
X's new marketplace for inactive usernames represents a strategic move to enhance revenue and user engagement while addressing issues related to handle misuse.