With the deadline of Tiktok to sell its American operations, now just two days away, a new decentralized social media app launched its beta for the public on Tuesday.
own The latest option of Ticketkok is to emerge, not only the characteristic of a swipeable feed for short videos, but also with lessons and images -other characteristics you will also expect, such as direct messages.
However, the aim of the new app is to disrupt the market using blockchain technology and a token economy. Most particularly, the material manufacturer on the app can earn revenue without any minimum requirements for calculations or post counts.
The app was developed by Amir Kaltak (CEO) and Katia Zaitsev (COO), who first co-established the web 3 company LexitIn particular, the app was also co-shaped by Sarah Mick, which has the experience of working in major dating apps tinder and bumble.
Major highlights include $ $ self, which is rewarded by creators based on video engagement and is completely traditional. The base layer 2 conducts itself on the blockchain, ensuring safe transactions and material ownership.
Caltak believes that it will be a game-chain for the creators, especially since they earn tokens regardless of their location.
He said, “Most of the creators around the world have not only access to major social platforms due to their location. With ourselves, we have created a system that levels the playground and opens the real -grossing capacity for the creators globally,” he told Techcrunch.
Caltak says that a portion of the cash revenue of the platform is used to buy $ $ from exchanges for distribution to creators. He said, “We are tokening the manufacturer economy in such a way that the creators are greatly rewarded, creating a constant purchase-side demand for tokens on the open market, which contributes to the long-term value flexibility and stability,” he said.
Awarding creators with in-app tokens has become a common thing, especially in areas outside the US. SparkA short-form video app that has attracted more than 180 million users in India.
Other forms of mudification include tipping, brand sponsorship, and selling items at their own shop (version of the app of the app).
The app promises that manufacturers can earn 50% more than other platforms. In particular, in terms of tipping, it takes only 20% revenue, while the ticket takes 50%. For sponsorship, the creators maintained 90% of the earnings, with only 10%. Creators have the most benefit from their shops, keeping 95% revenue, while themselves seem to have only 5%.
Between July and September, mudification facilities including tokens, including tokens, are expected to be available in the third quarter. Meanwhile, your own shop is expected to roll out as beta for some time between October and December.
Another revenue current material is licensing. Each piece of material has proved ownership and original, tracked on blockchain, allowing creators to license their content while maintaining their rights. Therefore, for example, creator can rebuild their content for use in marketing campaigns and earn 90% of revenue, while cutting themselves by 10%.
The ranking system is also an interesting feature. The audience has the ability to interact with the material by pressing the top or down arrow to cast their votes – reminding of the way of reminding of platforms such as Redit. Creators who receive a large number of upwots can climb the leaderboard, get more and more exposure.
“Your content, consumer agency, global equal pay, equal opportunity to go viral, to create meaningful relations and self-realization and proper salary are at the forefront of correcting the current problems with social media to empower people through self-realization and proper salary,” Tekkachchan said. “With high expectations of high platform support and APP capacity for these creators, you are eventually a dissatisfaction for your loyal fans.”
Is available for free in itself app Store And Google Play StoreThe company claims that Velist has around 40,000 people.
To date, the startup has raised more than $ 5 million from Sara Mick, Michael Terpin (Transform Ventures), Saba Capital, Base Spin Capital and Stoca Global.
