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(NBC NEWS) - TikTok is shutting down its $2 billion Creator Fund, a 2020 initiative designed to help pay eligible users making content on the app, a spokesperson for the

TikTok has announced that it's shutting down its original $1 billion Creator Fund and shifting the focus to its newer Creativity Program. Starting December 16, the Creator Fund will be discontinued in the United States, United Kingdom, France and Germany. Creators who are currently enrolled in the Creator Fund can switch to the Creativity Program.

TikTok has announced that it's shutting down its original $1 billion Creator Fund in favor of its newer Creativity Program.

TikTok's Creator Fund, an original monetisation scheme on TikTok where it would promise to pay out $1 billion over three years to creators, is shutting down on December 16th according to reports.

The original $1 billion TikTok creator fund will be discontinued for creators in the US, UK, Germany, and France starting December 16th. Creators instead can join the Creativity Program.

TikTok has announced that it is shutting down its $1 billion Creator Fund and moving creators over to its Creativity Program.

TikTok is updating its Effect Creator Rewards with lower eligibility requirements, new payout model, reduced payout increments and more.

None TikTok has released a variety of tools to help creators make money through its app. • None It's paying users directly via its Creator Fund, Creativity…

TikTok has designed various plans to pay money to its creators in exchange for content they create and engage users. You might think a top-notch creator