TikTok has introduced Creator Next, a new opportunity for eligible creators to monetize their accounts.
Creators using Creator Next will be able to access the TikTok Creator Fund, TikTok Creator Marketplace, Live Gifts, Video Gifts and Tips.
The new Tips feature lets users reward their favorite creators with monetary payments using the payments platform Stripe.
To be eligible for Creator Next, creators must be 18 years of age and above, meet minimum follower requirements (dependent on region), have at least 1,000 video views in the last month, and have an account that’s in good standing.
Creator Next is available to creators in the U.S., U.K., Germany, France, Italy and Spain. Those in Canada and Australia will have to wait a few more months for access. Business accounts are unable to participate.
Twitter and Instagram have also made moves this year to create or expand tipping features for their creators.