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Facebook Launches 3 New Monetization Options For Video Content Facebook Expands Eligibility For Ad Revenue and Digital Currency From Viewers

author image Written by: Nicole McCormick           Categories - In The News, Uncategorized

Good news for content creators and viral marketing strategists – Facebook is rolling out even more ways for users to make money off of video content published to the platform.

The three latest changes to Facebook’s video monetization options include:

  • Earning revenue from short-form video content

  • Expanding the monetization eligibility requirements to more content creators

  • Making it easier for creators to earn revenue based on contributions from viewers

New Eligibility Requirements

Prior to the recent update, only certain Facebook pages were able to earn revenue from videos published on the platform. But now, with the new eligibility requirements, more pages will be able to monetize their videos using advertising.

For instance, pages can now earn money from videos that are as short as one minute.  Such videos will have the option to run a 30-second ad at the beginning that Facebook has deemed “minimally interruptive.”

Before these changes were announced, only videos that were three minutes in length or longer could be monetized with ads.

Mid-roll ads can also now be shown 45 seconds into a video that’s three minutes or longer. Previously, ads could only be shown one minute into a video.

Each type of video ad will also now have its own set of requirements. This includes In-stream, Live, and Gaming.

Earning Money From Videos

Another big change is that more pages are eligible to earn revenue from viewers.

Essentially, any page that’s eligible to run ads on its livestream videos will be able to earn money through “Stars.”

Stars are a digital currency that Facebook users can purchase and send to creators during livestreams. Creators will earn a share of the revenue from all the Stars they receive.

Currently, Stars are only available with livestreams, however, Facebook is looking into the possibility of allowing creators to earn Stars from non-live videos. 

Pages can apply for all of these new monetization options in Facebook Creator Studio.

Nicole McCormick

Nicole is a wordsmith wizard, passionate about the written word and an avid storyteller who uses creatively crafted prose to help bring your brand’s story to the next level. A former journalist with writing credits in both local and national news publications and a few newspaper awards under her belt, Nicole now enjoys telling your stories and finding new and creative ways to create valuable content that resonates with audiences in the digital landscape.

Facebook Introduces Community Chats

09/16/2022

Facebook launched a new feature for Messenger and Facebook groups called Community Chats, Metas CEO, Mark Zuckerberg, announced via a Facebook post.  The goal is to expand the chat experience to more Facebook Groups, so the feature allows you to browse chats organized by announcements, topics, events and more. That way, you can connect with your group members on a deeper level, not just via comments and posts.

The new Community Chats, previewed earlier this year as “Community chat channels,” also resemble social collaboration platforms like Slack, Teams, and Zoom’s upcoming Team Chat. Yes, Meta finding inspiration from other apps isn’t exactly news. However, the social media mogul is still unsuccessfully trying to replicate TikTok with its Instagram Reels.

Read More: Is Facebook The Boomers’ App?

Still, the chats seem to have some cool features, it doesn’t stop at texting. They offer support for audio channels as well, including up to 30 members. People can also turn on their cameras and present.

A new feature will begin testing in the “coming weeks”. Facebook will test a feature called Community Chat within Messenger, which will allow you to create a Facebook group for your casual group chat. Not all groups can access Chats now since the feature is currently only available for certain channels, but Meta says more groups will have the feature soon.

How Does It Work?

It’s on the group admins to choose from several options to help their community connect. The admins can start chats around specific topics, event chats for outings or meetups, broadcast chats for admins to announce group-wide updates or admin-only chats for collaboration with other admins. They can also create audio channels and allow group members to share live commentary.

Once in the audio channel, participants can also enable video. An example Facebook gave involves a chemistry class group. Admins of the group can create audio channels for study groups for chemistry students during finals season, and participants can turn on video for live tutoring during finals.

Read More: How to use Community Chats in Your Group

Admins also got a suite of tools that will help them manage both chat and audio experiences: blocking, muting or suspending group members, and removing members or messages, as well as Admin Assist. The latter allows admins to s

Administrators will be able to use a variety of tools to keep their communities well-maintained, including auto-moderation features that can boot members who post illegal content. They can set custom criteria that will automatically suspend users and remove reported messages, or even stop some violating videos from being sent.

So, Why Is This Beneficial?

You can start a conversation in Groups by posting and commenting, but Community Chats offers a much more effective way. Instead of waiting for comments to accumulate under a post, you can dive right into the topic right then and there and receive real-time responses from your group members.

Read More: Facebook’s Home Tab Will Be A Discovery Engine
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Facebook Launches New NFT Display Options

07/05/2022

The NFT hype is not going away anytime soon, and Meta is here to prove it. After launching NFT support on Instagram in May, Meta is launching digital collectibles support on Facebook, too. Just recently, Meta Product Manager Navdeep Singh tweeted about the launch of the new NFT display options on Facebook.

According to the screenshots he published, users can post NFTs on their timelines.  Just like within Instagram, you will be able to see the owner of the artwork, the artist behind it and a brief description of the piece.

Read More: Instagram Introduces Digital Collectibles
Photo Source: Twitter.com

How Will It Work?

Users will now be able to create custom NFT posts with a ‘Digital Collectible’ tag, and profiles will have a new section where they can show off their NFT art. Meta said that posting and sharing a digital collectible will be free of charge. However, converting digital collectible posts into ads is not allowed – yet.

The new feature is not available for all users. As was the case with Instagram in May, Facebook is starting the feature by offering it to a select group of creators in the US with a plan to expand to other regions.

Read More: Facebook’s Home Tab WIll Be A Discovery Engine

Security

Facebook will offer support for Ethereum, Polygon, and all major exchanges by using the NFT details on the public blockchain. Also, NFT owners will be able to confirm their ownership by connecting their Rainbow, Trust Wallet, and MetaMask accounts.

The company also says it’s aware of the sustainability concerns connected to NFTs. To handle that, they’ve purchased renewable energy that should reduce the emissions impact associated with digital collectibles, TechCrunch reports.

Read More: Meta Introducing New Monetization Tools For Creators

Even though the NFT sales are in a 92% decline, Meta still sees the potential of the NFT market, especially when it comes to the future of metaverse and the representation of social status it comes with.

As Social Media Today noted, it seems like Meta wants to facilitate the sale of virtual items in its apps which is why it’s experimenting so much with an NFT marketplace.

Take a look at a Twitter discussion:

Read More: Facebook Introduces Community Chats
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