This article may contain references to products or services from one or more of our advertisers or partners. We may receive compensation when you click on links to those products or services. Nonetheless, our opinions are our own.
What is Discord?
Discord is a chat service. People can use voice or text, one on one or in groups. The app has been aimed at gamers primarily, but many people also use it for day to day chat. People say that is is very similar to Slack, another chat service popular with small business. They have taken ideas from a combination of other chat services, streamlined them and made the whole experience much simpler and easier for the end user. Commonly people will say that it is a lighter program than Skype or other popular communication applications. In addition, it works on all popular available platforms and the app and services are free to use.
How Does Discord Make Money
Discord is a fairly new company, it was fortunate to start off with some pretty decent coffers. They are currently implementing a new subscription pack a new way to make money called Discord Nitro. It is a set of what they call extra perks, that will make you look super stylish. They are selling it as a way to thank or contribute to all that the application has to offer its users. Nitro will allow users to upload Gif avatars, they will have access to special emoticons, increased file upload size and they will be given a badge to show that they are a Nitro user. The cost is $4.99 per month or $49.99 per year, the group surmises that this should make money for the time being.
Recent Developments
Discord now has a partnership with Spotify, this feature allows a user to stream music to their chat friends on the application. It works internally so the music streams to another person through a Spotify application within Discord, rather than just through the audio feed. A feature like this is unique and offers listeners control over the music separate to that of the chat they are currently in. They also are constantly updating and pushing updates out to users.
Fun Facts
When they send emails out to users they include a fun fact about gaming or the company at the bottom of the email. In one email they revealed that they named their logo Clyde. they have about 80 employees and has raised $70 million in funding. The average number of users is 14 million per day.
Discord, like so many other companies, came about to solve the problem of playing a game that the founders had developed under Hammer & Chisel. They found that many available chat or VoIP services were either too invasive or resource demanding and this is how the new company was born.
Reviewed and edited by Albert Fang.
See a typo or want to suggest an edit/revision to the content? Use the comment form below for feedback.
At FangWallet, we value editorial integrity and open collaboration in curating quality content for readers to enjoy. Much appreciated for the assist.
Did you like our article and find it insightful? We encourage sharing the article link with family and friends to benefit as well - better yet, sharing on social media. Thank you for the support! 🍉
Article Title: How Does Discord Make Money?
https://fangwallet.com/2018/04/07/how-does-discord-make-money/The FangWallet Promise
FangWallet is an editorially independent resource - founded on breaking down challenging financial concepts for anyone to understand since 2014. While we adhere to editorial integrity, note that this post may contain references to products from our partners.
The FangWallet promise is always to have your best interest in mind and be transparent and honest about the financial picture.
Become an Insider
Editorial Disclaimer: The editorial content on this page is not provided by any of the companies mentioned. The opinions expressed here are the author's alone.
The content of this website is for informational purposes only and does not represent investment advice, or an offer or solicitation to buy or sell any security, investment, or product. Investors are encouraged to do their own due diligence, and, if necessary, consult professional advising before making any investment decisions. Investing involves a high degree of risk, and financial losses may occur including the potential loss of principal.
1 Comment
Good post.
Keep writing.