X started shaping plans to increase revenue by selling dormant usernames. Based on the latest changes found in X’s web application, the company is setting up a “process query” process that will allow Verified Organization – Companies and other organizations that have ordered $1,000 per month to bid for the abandoned X handle. According to FAQs found in web applications, these bids start at $10,000, which could increase by $500,000.
Update is the first spot Reverse engineer Nima Owji told TechCrunch he saw changes to the web application to go live Wednesday. However, the websites that organizations can access handles have not yet been to the public.
The idea of making money by selling handles is x floats before Under the ownership of Elon Musk. The New York Times Report In January 2023, the company was still calling Twitter at the time and was considering establishing an online auction process to bid.
Musk too Support this idea for a long time Free X’s namespace for active users, Many inactive accounts have been cleared On service As early as May 2023.
November 2023, Forbes It also reported that x is Actively recruit buyers Who may be interested in obtaining an unused handle, but has not been officially announced. X Documentation on the status of inactive accounts The company “cannot release inactive usernames at this time,” although some Report Outside the formal process, the person who purchased the username on X.
By allowing companies to formally purchase the username they need, X can generate another revenue stream outside of subscriptions, advertising and developer access. This move can also encourage other X users to sell if they don’t want the handle to hibernate.
So far, FAQ details answers to some of the common questions X users may encounter to the process, including how to initiate processing inquiries, what the sales process looks like, and how the transfer works.
As still non-public websites explain, interested users will use an automatic support bot to initiate an inquiry about the username they want to purchase, and if the handle is available within three business days, X will respond. After purchasing the handle, it will transfer it to the new owner within a day or two, or it can move it to another account the business already has, the FAQ notes.
The website states that discounts can also be offered to those who purchase multiple handles at once, depending on the number and size of the offer.
X was asked to comment on its plan around the handle, but no response was made.
