Elon Musk said a monetization model is coming 'for all forms of content' on Twitter — it may beat YouTube's

In a recent interview, Musk said that he expects monetization for all forms of content on the platform in the near future.

The billionaire, who officially took over at the helm of the social-media company earlier this week, said this weekend that new formats are coming. He said that the current rate of 45% of total ad revenue generated from their videos would be surpassed byTwitter.

"We can beat that," Musk said in reply to Nelson.

There will be more information about monetization in a couple of weeks. He said that he would soon add the ability to attach long-form text to his Tweets, which he said would end the "absurdity of notepad screenshots."

New features like longer-format video and priority ranking for quality content were pointed out in an update to the app description. The blue check subscription plan appeared to be a part of the update.

Tim Dodd, the creator of Everyday Astronaut, said that he would consider uploading his full videos to the social network if it could handle them.

The "Amplify Pre-Roll" and "Amplify Sponsorships" programs are available for advertisers.