Muscat Daily

Zoom opens platform for paid events, following Facebook


New York, US - The fast-growing online video app Zoom said it would open its platform to paid events to help performers, teachers and others monetize their activity.

The announceme­nt of the new service called OnZoom comes after a similar initiative by Facebook to help people and groups unable to hold in-person events because of pandemic restrictio­ns.

"The difficult period we are going through has taught us that it's possible to work remotely," said Zoom founder and chief executive Eric Yuan, who announced the new service at the company's Zoomtopia conference.

"The future of communicat­ions will be a hybrid of the best physical and virtual practices."

OnZoom will allow users to host and monetize events like yoga classes, concerts, comedy shows and music lessons, according to the company which has seen a surge in usage since the start of the pandemic.

"We were humbled and inspired by all of the amazing ways the world adapted to a literal shutdown of in-person events,"

Zoom product manager Aleks Swerdlow said.

Among those participat­ing in the beta launch are WW (formerly Weight Watchers); which will host virtual workshops, and Life Rolls, which specialize­s in adaptive surf and skate events for people with disabiliti­es.

The OnZoom service, which is being launched in the US market ahead of a wider rollout, will allow for paid or free tickets, with an option to donate some of the proceeds to philanthro­pic organizati­ons. For the initial launch period, Zoom said it would take no commission on ticket sales.

The company said separately it would begin allowing developers of third party apps for collaborat­ion and productivi­ty to integrate into Zoom under an initiative called Zapps. Initial apps include the online education platform Coursera and the polling app SurveyMonk­ey.

Zoom has seen a 650 per cent surge in its share price this year, and says it now hosts an average of more than 300mn users daily including 125,000 schools.

In response to security concerns raised over Zoom in recent months, the company said it would begin a test rollout of endto-end encryption. "We announced in May our plans to build an end-to-end-encrypted meeting option into our platform, on top of Zoom’s already strong encryption and advanced security features," said Zoom's chief security engineer Max Krohn.

 ??  ?? Zoom founder and chief executive Eric Yuan
Zoom founder and chief executive Eric Yuan

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