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Twitter recently launched a Clubhouse competitor for users to conduct audio-based chats and discuss several topics in the form of Spaces. It has now introduced a new feature that will help people earn money by hosting audio chat rooms.

Twitter Spaces will be now be monetized with the introduction of the new Ticketed Spaces. It will provide creators with an opportunity to earn money. People will now see a new Monetisation option in the sidebar within the Twitter app as per a press release. Tapping on the same will help them become a part of the program, which is currently in beta.

Twitter has also launched a standalone app for this, which will be available for Android and iOS users.

As per Twitter’s Senior Product Manager, Esther Crawford, the micro-blogging platform will provide content creators with 97 percent of the commission, which can be somewhere between $1 and $999. It will only charge a minor three percent as a processing fee. However, it is expected to increase its cut to 20 percent eventually.

The new Ticketed Spaces feature is in addition to several other existing ones. The list includes scheduling Spaces, various host controls, better security, and easy discoverability. Twitter also allows people to co-host Spaces for an interactive conversation.

Currently, Ticketed Spaces is available as part of beta in the US. Twitter will take feedback from a small group of people who will access the feature before rolling it out for everyone.

In addition to this, Twitter has also started opening applications to Super Follows, which is the app’s subscription-based side with added exclusive features. This is also available in the US as of now.

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