TikTok's Creator Fund, an original monetisation scheme on TikTok where it would promise to pay out $1 billion over three years to creators, is shutting down on December 16th according to reports.
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Meta has announced that it will be testing a new monetisation method for creators in the United States, Japan, and South Korea, which it dubs the 'Holiday Bonus' or 'Year-end Bonus.'
Meta is planning on charging developers as much as 47.5% commission on sales of all virtual items in the New Horizons metaverse, which is way higher than the 30% Apple Tax that Facebook had opposed.
Meta has outlined two new ways that creators on the platform can earn an income. The first is the ability to sell in-world items such as accessories, and the second is creator bonuses.
Facebook is allowing content creators to monetise one-minute videos with minimally disruptive advertisements. It's also trialling sticker ads in Stories to help creators earn more money.
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