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History of Discord?
What is Discord?
A single user can connect up to 100 servers. Public ones may be viewed simply as a link. However, private ones require invitations and permission. Any given server can have a maximum of 500 channels.
If you’re weary of group conversations, Discord allows its members to talk directly with one another.
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How Discord Makes Money
Discord generates revenue through subscription fees, game sales on their Steam-like marketplace, and server boosting (which improves the performance of the Discord Server).
Nitro Subscription
Discord launched Nitro subscription packages in 2017, which served as the company’s first income stream.
The optional feature allows users to create a customized profile with animated avatars and personalized tags.
Nitro allows users to create emojis and upload files up to 100MB. With your Nitro membership for $9.99 per month or $99 per year, you also receive free live streaming, screen sharing, and high-resolution video.
Discord also provides a less expensive version of this plan called “Nitro Classic,” which costs $4.99 per month or $49.99 per year.
Game Distribution
Discord established an online video game distribution business similar to Steam in 2018. The store sells Discord-only games such as “Into The Breach” and “Dead Cells.”
However, the model fell short of expectations. Discord shifted its focus to a new concept in which it collaborates with game creators that want to sell their products solely on the Discord platform.
Discord receives a 10% commission on every game sold and uses the proceeds to grow the number of its server communities.
As previously stated, Discord servers are communities and a free service provided by the platform. On the other hand, users who broadcast for a living want additional functionality from their Discord server.
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Server Enhancement
As a result, the firm decided to add another premium service, server boosting, to its portfolio. Essentially, server boosting entails paying a fee to improve the performance and usefulness of the Discord Server.
Users may upgrade their server to three tiers, each with its benefits. A server increase costs $4.99 per month on Discord. Nitro subscribers enjoy a 30% discount on server upgrades.
Users gain access to level 1 when they have two subscribers on the server. Users must purchase 15 boosts to advance to Level 2 and 30 boosts to level 3.
Fortunately, the premium capabilities are available to all Discord users, even if they are not paying for them.
Future Growth Engine
The firm plans to expand the Nitro Package with new services and features in the following years. Discord claims it will always provide free chat and messaging services, but it plans to increase its subscription offering.
Cambridge was developed to increase the company’s service offering and income model.
However, Discord pulled it just a few months after it launched. Nonetheless, it intends to bring GameBridge back with a better service.
Discord may anticipate expanding its gaming arena and stores as it attracts more developers and users with a new revenue-sharing model.
The business intends to reward game creators that introduce new games and players to the platform.
Competitors
Discord is gaining popularity among gaming and live-streaming communities. However, technology evolves swiftly, and trends might die at any time.
Other firms provide a service comparable to Discord. Some are superior, while others are not. However, gamers and live-streamers should think about backups for their businesses.
The following are some other firms that provide comparable services to Discord.
- TeamSpeak is an online game communication system that uses VoIP.
- Troop Messenger is a feature-rich instant chatting program.
- Chanty is a tool for team cooperation.
- HeySpace is a task management, chat, and scheduling application.
- Slack is a chat service that links users through channels.
- Mumble is an open-source audio chat tool for gamers.
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Discord Funding, Valuation & Revenue
According to Crunchbase, Discord has raised $995.4 million in venture capital over 16 rounds.
Sony, Index Ventures, Greenoaks Capital, Dragoneer Investment Group, and many more are among the notable investors.
After collecting $500 million in Series H fundraising in September 2021, Discord is now valued at $14.7 billion.
The company does not officially reveal sales data, although it is estimated to generate roughly $130 million yearly.
Conclusion
Discord has made a significant contribution to the game industry’s prosperity. It offers a more admirable chat tool for gamers than anyone else for organizing and chatting with other global game lovers.
Without it, the passionate spirits of gamers would not have as much convenience, which is why Discord will continue to control the market for a long time.
However, it should continue to improve its features and security and offer some revenue-generating sources.
How Does Discord Make Money FAQs
Is It Safe to be on Discord?
Is Discord secure? Using Discord safely with the correct privacy settings and monitoring is simple.
However, there is always a danger when it comes to open chat sites and applications. Accepting friend requests and participating in private servers with individuals you know is the safest method to use Discord.
Does Discord Cost Money Join?
Discord is free to use, but if you want to get even more out of it, you can subscribe to Discord Nitro.
This premium subscription tier ($9.99 per month or $99.99 per year) includes extra upload size limitations, HD video for streaming and screen-sharing, animated avatars, and personalized emojis.
Can I Be Anonymous On Discord?
There is a significant degree of anonymity on Discord, and individuals may get into unwelcome contact. However, you may configure your privacy settings so only confirmed friends can send you direct messages.
Is It Safe to be on Discord?
Is Discord secure? Using Discord safely with the correct privacy settings and monitoring is simple.
However, there is always a danger when it comes to open chat sites and applications. Accepting friend requests and participating in private servers with individuals you know is the safest method to use Discord.
Does Discord Cost Money Join?
Discord is free to use, but if you want to get even more out of it, you can subscribe to Discord Nitro.
This premium subscription tier ($9.99 per month or $99.99 per year) includes extra upload size limitations, HD video for streaming and screen-sharing, animated avatars, and personalized emojis.
Can I Be Anonymous On Discord?
There is a significant degree of anonymity on Discord, and individuals may get into unwelcome contact. However, you may configure your privacy settings so only confirmed friends can send you direct messages.
References
- productmint.com – The Discord Business Model – How Does Discord Make Money?
- finty.com – How does Discord make money?
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