As we bid farewell to 2023, acknowledging the fundamental steps X has taken towards becoming more than just an application has become very important. Seamlessly integrating different experiences into a unified interface, X now claims to have transformed into an application that includes everything. X indicates that it has laid the groundwork for a transformative 2024. The emphasis X places on peer-to-peer payments is attracting attention in the world of cryptocurrency.
Key Developments in X for the Year 2023
X has adopted free expression as a core platform value and has developed content moderation to support this principle. Community Notes showed significant growth with over 320,000 participants in 65 countries and witnessed an average of 50 million views per day since December.
The social media platform X underwent significant improvements by offering new products and features to enhance the overall user experience. X successfully transitioned to a video-centric platform with 8 out of 10 user sessions being video-focused. Additionally, X enabled long-duration video uploads, with videos covering a total duration of 130 years watched in just December.
Innovative Features
New features such as voice and video calls, X Hiring, as well as improved products like Spaces and Communities were introduced, increasing engagement. X also introduced Grok, an artificial intelligence search assistant developed by xAI, which provides real-time access to global general conversations on X.
On the other hand, in less than a year, over 80,000 content creators benefited from X’s ad revenue sharing program, contributing to economic opportunities. X saw a 22% increase in total ad engagements, improving the level of interest in advertising. In addition, industry standards were set by prioritizing brand safety solutions.
Transformative Goals for 2024
Stepping into 2024, X has set transformative goals for its users and business partners. Accordingly, Artificial Intelligence will increasingly strengthen the X user and advertising experience by enhancing search, improving ads, and deepening customer insights.
X will unlock new user benefits and commerce opportunities by initiating peer-to-peer payments. The focus on this issue could mean that X will offer a use case for cryptocurrencies. Innovative features supported by xAI, such as See Similar Posts and the upcoming See Dissimilar Posts, will offer users more relevant and balanced content.
X will continue to invest in content creators, content partnerships, and advertising to attract new users. In addition, it will collaborate with industry leaders like Integral Ad Science to enhance brand safety capabilities. Lastly, X will focus on creating more original content and acquiring talents that will interest the X community.
Anticipating a Groundbreaking 2024
Looking at X’s goals, we witness a phase where the way we connect, communicate, and transact is being redefined. X is preparing to revolutionize 2024 with its groundbreaking products and services.
The commitment to innovation and community needs continues unwaveringly, promising an exciting journey into X’s future. The emphasis on peer-to-peer payments has already excited the cryptocurrency community.
