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TikTok Increases Video Length From 60 Seconds To 3 Minutes

Given that TikTok has around 1 billion users worldwide, it shouldn’t really surprise you that not all creators are happy with the expanded time limit.

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tiktok increases video length from 60 seconds to 3 minutes

Social media sites depend on their users just as much as their users have come to depend on them. To keep users happy and avoid becoming another MySpace, they must listen to their feedback and evolve based on their changing expectations. TikTok has been carefully listening to its audience and has recently announced a feature that’s been highly requested.

Originally, TikTok videos were up to 15 seconds long, but that turned out not to be nearly enough for users to express themselves, so the limit was increased to 60 seconds. Now, TikTok is bumping the video length limit one more time — this time to 3 minutes.

“With longer videos, creators will have the canvas to create new or expanded types of content on TikTok, with the flexibility of a bit more space,” said product manager Drew Kirchhoff. “Some of you might have come across a longer video on TikTok already — we’ve been letting creators around the world experiment with the expanded format.”

In just a few weeks, all TikTok users will be able to share with the rest of the world videos that are up to 3 minutes long, which is guaranteed to be a boon to all creators of educational, demonstrational, and explainer content, among others.

Creating a 3-minute video on TikTok is easy. When you access TikTok’s camera function, you can swipe directly above the record button to switch between 15 seconds, 60 seconds, or 3 minutes.

Also Read: How To Use TikTok Auto Captions To Make Your Videos More Accessible

Given that TikTok has around 1 billion users worldwide, including approximately 100 million in the United States, it shouldn’t really surprise you that not all creators are happy with the expanded time limit. They fear that it could destroy what the platform has always been about: users sharing short, addicting video clips with lots of viral potential.

What’s certain is that TikTok can’t afford to lose its appeal with its main demographic (teenagers) because its main competitors, including Triller, Dubsmash, and Byte doing what they can to attract as many new users as possible.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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