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Reading: Nigerian artistes cashed out ₦58 billion on Spotify in 2024
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African News Herald > Blog > Technology > Nigerian artistes cashed out ₦58 billion on Spotify in 2024
Technology

Nigerian artistes cashed out ₦58 billion on Spotify in 2024

ANH Team
Last updated: March 14, 2025 5:16 pm
ANH Team
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This move is part of Facebook’s efforts to attract more creators to its platform and keep up with competitors like TikTok and YouTube, which have been offering monetization options for some time now.

Creators who are eligible for the programme will see a new option to enable ads in their Stories. These ads will appear between Stories from the creator and can be skipped by viewers. Creators will earn a share of the revenue generated from these ads.

For users, this means more content from their favorite creators and a way to support them directly. For creators, it’s a new revenue stream and an incentive to continue creating engaging content for their audience.

Facebook has been focusing on building its creator ecosystem and providing more opportunities for them to monetize their content. With this new feature, creators can now earn money directly from the Stories they share, making it a win-win for both parties.

As the competition in the creator space heats up, platforms are looking for ways to attract and retain talent. By offering monetization options, they can incentivize creators to choose their platform over others and keep their audience engaged.

Ultimately, this move by Facebook is a step in the right direction for creators looking to make a living from their content. With more ways to monetize their work, creators can focus on what they do best – creating engaging and entertaining content for their audience.

That’s all for today. Stay tuned for more updates from the world of tech and business.

Do svidaniya!

Victoria

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Facebook has introduced a new way for creators to earn money through their Content Monetization programme. By sharing snippets of videos, reels, or everyday moments to their Story, creators have the opportunity to get paid for the views they receive. While Facebook hasn’t disclosed the exact amount creators will make, payouts will depend on the performance of their content.

This new feature is aimed at keeping creators engaged on the platform, especially as Facebook has been competing with TikTok to attract top creators. In addition to cash bonuses and content deals, Story monetization is another incentive for creators to stay active on Facebook.

Creators who are already part of the monetization programme don’t need to take any additional steps to enable Story monetization, as it is automatically enabled for them. Facebook originally launched the Content Monetization programme last year, combining various ad and bonus programmes into one. After testing Story monetization with a select group of creators, it is now open to all creators in the program.

In 2024, Facebook invited millions of creators to join the programme, and they plan to expand enrolment even further this year. Those who are interested in joining can express their interest through the Facebook website and wait for an invitation.

Last year, Facebook revealed that creators on the platform earned over $2 billion, with payouts for Reels and short videos increasing by 80%. Since the introduction of monetization in 2017, Facebook has paid out to over 4 million creators. This move indicates Facebook’s commitment to supporting creators and ensuring they are rewarded for their content.

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For creators, Story monetization provides another avenue to monetize the content they are already creating. Whether it’s cooking videos, daily vlogs, or behind-the-scenes clips, Facebook wants to make sure that Stories are not just about engagement but also about earning money.

Overall, this new feature offers creators more opportunities to earn from their content and further incentivizes them to continue sharing on the platform. With Facebook’s focus on supporting creators and keeping the money flowing, Story monetization is a welcome addition for those looking to make a living through their creative work. The world of technology is constantly evolving, with new innovations and advancements being made every day. One such advancement that has been garnering a lot of attention recently is the development of quantum computing.

Quantum computing is a type of computing that harnesses the principles of quantum mechanics to perform calculations at speeds that are exponentially faster than traditional computers. This is made possible by using quantum bits, or qubits, which can exist in multiple states at once and can therefore process and store a vast amount of information simultaneously.

The potential applications of quantum computing are vast and varied. One of the most promising areas is in the field of cryptography, where quantum computers have the potential to crack even the most secure encryption methods currently in use. This has led to a race to develop quantum-resistant encryption methods to protect sensitive data from being compromised.

Another area where quantum computing shows great promise is in the field of drug discovery. The ability to process vast amounts of data quickly and efficiently could revolutionize the process of developing new drugs, potentially leading to breakthroughs in the treatment of diseases that were previously thought to be incurable.

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In addition to these applications, quantum computing also has the potential to revolutionize fields such as artificial intelligence, optimization problems, and even climate modeling. The speed and efficiency of quantum computers could lead to breakthroughs in these areas that were previously thought to be impossible.

Despite the great promise of quantum computing, there are still many challenges that need to be overcome before it becomes mainstream. One of the biggest challenges is the development of practical quantum computers that are reliable and scalable. Researchers are currently working on building quantum computers that can operate at temperatures close to absolute zero and shielded from external interference.

Another challenge is the development of quantum algorithms that can take advantage of the unique properties of qubits to solve complex problems efficiently. Researchers are working on developing algorithms that can be run on quantum computers to solve real-world problems, such as optimizing supply chains or simulating complex chemical reactions.

Overall, quantum computing holds great promise for the future of technology. As researchers continue to make advancements in this field, we can expect to see quantum computers becoming more powerful and more widely used in a variety of applications. The potential for quantum computing to revolutionize the way we solve complex problems and process information is truly exciting, and the possibilities are endless.

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