Elon Musk Offering X Usernames for Sale with $50000 Minimum Price Tag

X, formerly known as Twitter, is currently undergoing a period of transformation. Recently, Elon Musk, the platform’s owner, announced his intentions to transform it into a comprehensive application. The company is also rapidly introducing new features, some of which are exclusively available to X Premium members who pay a monthly subscription fee, in order to boost its revenue. In addition, a recent report has revealed that X is selling old user handles to others for a substantial price of $50,000 and above. This information has come to light following reports suggesting that X may establish a marketplace where users can sell their handles to fellow users, with the platform taking a percentage of the transaction.

Forbes found emails from a team at the company, which has begun working on creating a marketplace “to buy unused account names from people who originally registered.” Additionally, it has also been reported that X sent emails to users they have identified as potential buyers, asking them for a flat fee starting at $50,000 in exchange for popular handles.

X sells old handles

The report also mentions that these emails “come from active X employees and stated that the company recently made updates to the @handle instructions, process and payments.” However, to protect the identity of the recipients, Forbes has not disclosed the content of the emails.

It turns out that Musk has been trying to create a username marketplace for months. In November 2022, Musk banned a large number of accounts he considered bots or trolls. When asked by a user if their grips were handy, Musk said, “Some have simply been abandoned, but a large number of grips have been worn by robots/goblins. The goal is to start releasing them next month.”

According to a New York Times report, Musk was already planning to sell old operating handles from January 2023.

Now it is not clear when the marketplace will be established, but it seems that X will keep some of the most profitable options for themselves, so it will not only receive a small commission, but can actually make money selling it directly to potential buyers. If the report is to be believed, $50,000 is just the floor.