Tiktok announced a $ 200 million (about Rs 14.99 crore),
Creators Fund to help social media rising celebrities add content to the highly popular video-sharing app.
The new US funds “will help support aspiring creators who are looking for opportunities to promote livelihoods through their innovative content,” said Tencent US general manager Vanessa Pappas.
Pappas said that with Nidhi the content creators would realize additional earnings which would motivate them to give their best to the Tiktok community and their followers through their content.
The fund will be available in August to US applicants, who regularly post fan-following and original content at TickTalk according to Plattech’s stated guidelines.
The exchange could help increase interest in Ticketcock, which has tried to expand its buyer base to a billion dollars.
So far, Tiktok is using Facebook-owned Instagram, which licenses manufacturers to install motion pictures supported directly without compensation from the platform.
Tiktok referenced his designs for this week to include somewhere in the range of 10,000 US businesses over three years while fighting objections to his connections with China.
A unit of China-based ByteDance, Tickcock, has been banned in India, and US officials have said they are doing possible activities contrary to the application.
A receipt given by the US Home of Representatives would bar bureaucratic workers from using the application on official units, it would be on issues that could be used for espionage.
Possible side In between the investigation of the project or the purchase of the application, Tiktok has stated that the company’s growth is below evaluation.