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Twitter describes how ticketed space for paid events will work

Twitter

Twitter is exploring ways for its users to make money from their followers, and by sharing more details on their latest effort.

The company is expanding its clubhouse-like facility that allows people with at least 600 followers to create an audio-only event called Space. From the ticketed location, users will be able to charge for entry into these rooms.

Ticketed venues will be able to decide the host entry price, as well as the number of tickets available. According to Twitter, personal, “hosts can earn up to 80% of revenue on ticket sales after cutting platform fees on in-app purchase sales.”

This means that users should expect Google and Apple to charge Twitter 20% after the Android and iOS in-app payment cuts. Ticketed locations will use payment processing merchant strips to facilitate sales, and those who want to host will need a striped account.

Twitter
Via Bitcoin News

A report by The Verge states that users who want to host ticketed space must have at least 1,000 followers. They must also be 18 years of age or older and have hosted at least three venues in the last 30 days.

According to Twitter: people can apply to be part of the test group within its app. It plans to select the first set of hosts a few weeks after the applications open.

While anyone around the world will be able to buy tickets for paid space, only those in the US can sell tickets. It isn’t clear yet when the applications will open, but given the expansion of the space to more people earlier this month, Twitter may be ready to launch it soon.

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