Categories: Ethereum

Are Blockchain Based Digital Networks The Future of Social Media?

Click here to view original web page at www.finextra.com

Things in the digital world are always upgrading. Innovators are always thinking about the next step and how to improve the user experience. Facebook, Twitter, Instagram, LinkedIn, Pinterest have become household names and are the main social media channels we know of. However, even these brand-name giants are quickly trying to reinvent themselves. Why you may ask? Because the reality is other social channels are ahead of them in innovation.

That’s a tough claim to back up, but we’re prepared. In this article, we’ll be talking about all.me digital network. An app launched in 2016 that was inspired by blockchain technology and incorporates cryptocurrency to give users the optimal experience.

All.me is an international IT company with 7 offices across the globe and a talented team of over 170 specialists. The company has a growing user base of over 500,000. All.me is a visual-based social network powered by ME Token, the network’s cryptocurrency. One of the most important features is that the platform gives users full control over their data. Users are incentivized to create quality content by receiving rewards in ME Token, which can be used on all.me’s marketplace (meMarket) or exchanged for other cryptocurrencies.

More and more, trends point to decentralization being the next step for social media. All.me app is set up to reward users for content creation. By activating the Promo account users enable ads to be displayed to their subscribers. From here, users can earn up to 50% of the advertising revenue generated by the network. This is one of the many ways meNetwork is making social media fairer for all. Users receive monthly earnings on their meWallet. This internal wallet is built into every account and can be used to store, trade or exchange ME Token. Users also have the option of connecting their meWallet to an Ethereum wallet.

But that’s not all. The app has recently launched meMarket. This a marketplace on all.me that lets users buy goods directly from their newsfeed, sell different products by simply posting items on their profile, rate the sellers they bought from, and ask questions about products and discuss shipment details with sellers directly. meMarket is not a separate product but rather part of the all.me ecosystem. Network users automatically have access to the marketplace and can instantly make purchases or showcase products of their own when they join all.me digital network.

Another unique feature of the all.me app is that users can create and subscribe to magazines, which are online journals filled with content categorized by topic. Both magazines and individual posts trend and the most popular ones appear on the all.me Hot list. Exposure here is great since it gives you a chance to attract even more subscribers.

Thus the platform creates an ecosystem where businesses, brands, and users benefit when they conduct transactions using ME Token. By any measure, this is a much fairer model of content monetization, especially when compared with older platforms.

Almost all traditional social media apps track user activity and sell the aggregated information, behavior, and habits to provide the highest bidder with better targeting for their advertising and marketing campaigns. Two years ago, one of the most popular traditional social media platforms brought in 9.32 billion dollars in advertising revenue and kept the profits to themselves.

No matter which way we look at it, blockchain based technology and decentralization is the future of many in many fields and especially in social media. Meaning there is no central organization or overseer controlling value. This, of course, gives a huge advantage to people who use these technologies since they are collective contributors to the product and have control over its value. In an industry like social media, where many users feel that they are being taken advantage of, this is a huge selling point. Try a crypto-based social network and check out the experience for yourself.

With all.me, you can create original content, engage with your subscribers, enjoy all the benefits of social media, and earn in the process. If you share this vision for social media, make sure to check out the app.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

G7 To Investigate Bitcoin{BTC} And Other CryptoCurrencies

Source: Wikimedia The G7 meets next week to investigate regulations for Bitcoin and other cryptocurrencies. G7 To Discuss Bitcoin Next… Read More

50 mins ago

US Treasury Blackballs Bitcoin Addresses of Chinese Drug Kingpins

The US Treasury is blacklisting specific bitcoin addresses related to Chinese druglords. | Source: Shutterstock By CCN Markets : The… Read More

50 mins ago

Modex: How blockchain can solve the fake news problem

LONDON, UK - Media OutReach - 22 August 2019 -When Satoshi Nakamoto solved the Byzantine General's problem in 2008 by… Read More

50 mins ago

Unlocking the future of blockchain innovation with privacy-preserving technologies

The origins of blockchain as many are familiar with it today can be traced back to the Bitcoin whitepaper ,… Read More

51 mins ago

Maerki Baumann Why a Swiss private bank is embracing blockchain

Maerki Baumann decided it could not sit still and hope for the best. At a time of increasing pressure on… Read More

51 mins ago

World Bank picks up millions in latest blockchain bond move

In August of last year, the World Bank and the Commonwealth Bank of Australia (CBA) announced a new bond alternative… Read More

51 mins ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More