Benzinga | Oct 6, 2021 05:23PM EDT

Snap To Offer Opportunities For Creators To Earn

* Snap Inc (NYSE:SNAP) announced Spotlight Challenges which will offer Snapchatters the chance to win cash prizes for creating top-performing Spotlight Snaps using specific Lenses, Sounds, or #Topics.

* In other words, Snap will offer prizes for making a short-form video for its in-app TikTok rival, called Spotlight.

* The challenges champion Snapchatters to create Snaps that highlight their unique voice, perspective, personality, and creativity.

* The total prize amount available for each Spotlight Challenge will typically range from $1,000- $25,000, with occasionally a more considerable sum for a particular Challenge. The minimum prize is $250.

* Snap will launch Spotlight Challenges for Snapchatters 16+ in the U.S., with more markets in the following months.

* Related Content: YouTube Tops The List As Content War Heats Up - Read Why?

* Price Action: SNAP shares closed lower by 0.38% at $73.13 on Wednesday.

* Photo by Souvik Banerjee from Pixabay