Part 2/7:
Eddie explains that Snapchat has reached out to him and other creators to notify them of an impending shift towards monetization. This change will allow creators to earn revenue from their content similar to the existing structures on platforms like YouTube and TikTok. Existing payout models on Snapchat were inconsistent, primarily focused on limited payouts through its Spotlight feature, which previously capped earnings at $1,000 for achieving 10,000 views within a month. The new system promises to provide a more stable and fair payment structure based on advertisement revenue.