TikTok Is Phasing Out Its $2B USD Creator Fund, Launches the New 'Creativity Program'

TikTok launched its Creator Fund in 2020 to help its users derive income from their content. While the Fund started with $200 million USD in it, it's rapidly grown over the past three years to upwards of $2 billion USD from which creators were paid out.The platform has announced it'll be shutting down the Creator Fund in lieu of a new scheme called the Creativity Program. Sharing the news in a blog post, TikTok outlined some of the rules and regulations of the Creativity Program.For started the ...