Los Angeles, California, February seventh, 2024, Chainwire
Key Takeaways
- Center of attention, the modern untouched decentralized SocialFi app, raised $75 million in a single era
- Center of attention competitors subscription platforms like OnlyFans and Patreon, a multi-billion-dollar trade
- Customers can accumulation with DESO, BTC, ETH, and extra to earn a 90% bonus in $FOCUS tokens for a restricted presen
Center of attention, a untouched decentralized SocialFi app constructed at the DeSo blockchain, has made waves within the crypto trade by way of collecting over $75 million in token reservations inside of its first era of creation.
This unheard of success no longer simplest demonstrates the platform’s doable but additionally displays the rising passion in decentralized social media.
Center of attention (focal point.xyz) is constructed by way of DeSo, the staff that raised $200M from Coinbase, Sequoia, a16z, Polychain, and alternative lead price range. It objectives to disrupt the trillion-dollar social media marketplace and writer economic system by way of introducing groundbreaking options rivaling X, Onlyfans, and Patreon.
The overall addressable marketplace for this sector is really extensive, with OnlyFans projected to procedure roughly $8 billion in 2023 era charging a 20% transaction price. Those prime charges considerably snip into writer income, emphasizing the desire for a fairer resolution.
Center of attention combines the most productive of Onlyfans, Patreon, X, and alternative billion-dollar social platforms into one app and lines permissionless and nameless crypto-native monetization options that don’t seem to be imaginable in web2.
Constructed at the Decentralized Social (DeSo) blockchain, Center of attention distinguishes itself with a novel solution to content material possession, writer monetization, and consumer engagement.
In line with this overwhelming success, Nader Al-Naji, the Founding father of DeSo and visionary in the back of Center of attention, shared his insights:
“The response we’ve received is nothing short of spectacular. It’s a testament to the community’s belief in a decentralized future for social media. Our platform is not just about reshaping social media; it’s about empowering users and creators in a way that’s never been done before. This milestone is just the beginning of our journey towards a more decentralized social landscape.”– Nader Al-Naji, Founding father of DeSo
Center of attention’s undertaking extends past the area of typical social media.
Center of attention objectives to revolutionize the best way we have interaction on-line by way of providing unheard of monetization alternatives for creators, coupled with complicated AI equipment, era additionally tackling the demanding situations of censorship and content material authenticity.
Because of the DeSo blockchain and its Revolution Evidence of Stake machine, Center of attention will aid the garage of content material immediately on-chain for 1/10,000th of a cent in keeping with submit, which is far not up to Solana at ~$1 in keeping with submit or Ethereum at ~$100+ in keeping with submit.
Some of the key options attracting customers to Center of attention is the chance to accumulation $FOCUS tokens. This procedure is close to staking, with a novel twist – customers can accumulation tokens the use of numerous supported currencies akin to BTC, ETH, SOL, USDC, and DESO.
Center of attention permits any person on the earth to develop into an proprietor, even previous to the app creation. Consider proudly owning a work of Meta or Twitter ahead of it used to be even immune. Customers who take part within the early reservation length is in a position to purchase $FOCUS tokens, and in addition receives an difference bonus equivalent to the volume indexed, recently prepared at 90% and drops by way of 5% every era till the app creation. This can be a receive advantages designed to praise early supporters and adopters of the platform.
The reservation procedure is user-friendly and completely refundable, making sure individuals can with a bit of luck aid the platform era keeping up monetary flexibility. As Center of attention gears up for its app creation, the joy inside the public is palpable. With its leading edge solution to tokenomics, Center of attention is i’m ready to redefine the soil of social media and cryptocurrency.
To accumulation tokens and earn a 90% bonus in $FOCUS, potential customers will have to consult with Center of attention.xyz and accumulation their price range ahead of 11:11 am EST on February eighth. The bonus will let fall each era till the app is going are living.
About Deso
DeSo is the primary and simplest censorship-resistant Layer-1 blockchain purpose-built to energy storage-heavy apps and scale decentralized social networks for pile adoption. Their undertaking is to decentralize social media like Bitcoin and Ethereum are decentralizing finance. DeSo has received important adoption and boasts 2.6M customers (wallets) and 93M transactions. With Center of attention, DeSo objectives to bring in a untouched era in crypto led by way of state-of-the-art client apps that scale to billions of customers.
Touch
Head of Enlargement
Ed Moss
DeSo Footing
ed@deso.org
