X to launch marketplace for buying inactive handles | TechCrunch

"X is launching a marketplace for inactive handles that will allow Premium subscribers to request and purchase usernames. The marketplace will offer both free and paid options for requesting or acquiring eligible handles. Rare handles could be priced at anywhere from $2,500 to over seven figures, X says. "Priority" handles refers to usernames that often include full names, multi-word phrases, or alphanumeric combinations. These handles are free to request for Premium+ and Premium Business subscribers."

""Rare" handles include short, generic, or culturally significant names. These handles won't be available through standard requests and will instead be offered through public drops and direct, pre-priced purchases available by invitation only. For public drops, multiple people can apply for the handle. X says selection is based on a user's past contributions on the platform, their intended use of the handle, and their engagement and reach on the social network."

X launches a marketplace for inactive usernames enabling Premium subscribers to request or acquire eligible handles. Priority handles, which often include full names, multi-word phrases, or alphanumeric combinations, are free to request for Premium+ and Premium Business subscribers; approved requests transfer the handle for free and reserve the requester’s old handle for 30 days if they cancel or downgrade. Rare handles, which are short, generic, or culturally significant, are distributed via public drops or invitation-only direct purchases with pricing based on popularity, length, and cultural significance. Requests are typically reviewed within three business days.

Read at TechCrunch