X Prepares to Launch Username Marketplace with High Price Tags
X Prepares to Launch Username Marketplace
X is reportedly creating a username marketplace where buyers can purchase specific handles for up to $50,000, according to internal emails obtained by Forbes. The move is seen as a step towards fulfilling Elon Musk‘s promise to rid the social media platform of inactive accounts and dormant handles. Currently, X’s policy prohibits releasing inactive handles, which are defined as accounts that have not been logged into for 30 days. This initiative not only aligns with Musk’s commitment but also aims to improve X’s challenging financial circumstances. The platform’s valuation has dropped significantly since Musk purchased it, and the marketplace could help generate revenue. However, the news has generated mixed reactions from X users, with some praising the marketplace idea as brilliant while others view it as a ploy to extract money from the user base.
The Divisive Reaction Among X Users
The introduction of the username marketplace has sparked a range of opinions among X users. Some people see it as an opportunity for users to acquire highly desired handles that were previously unavailable. Others, however, express disappointment at the transformation of a once-free service into a monetization game. Investor Joe Maristela commented, “It’s going to be interesting to see how this affects the platform in the long run. On one hand, it could be seen as a way to help people get access to handles they may have always wanted. On the other hand, it’s kind of a bummer that something that was once free is now being sold for such a high price.” The marketplace’s impact on the platform’s dynamics and user experience is yet to be seen.
Uncertainty Surrounding Available Handles
Although it is unclear which specific handles will be available for purchase or sale on the marketplace, the announcement raises questions about the fate of high-profile inactive accounts, such as @NPR. These handles carry significant value and have remained untouched since their departure from the platform. Elon Musk’s ownership of X has already brought notable shifts in verification procedures, content moderation policies, and the introduction of new features like community notes. However, some of Musk’s previously teased features, like X becoming a centralized banking and financial services app or a dating site, have yet to materialize.
