Hi guys! from the @leofinance community welcome to my blog @dreloop07, today I'm going to talk about a novelty of a blockchain-based social network, which promises monetization through connection between content creators with a high audience willing to pay, without the need for ads we're talking about the "NICHE".
Faced with the big social big techs, which dominate the market, which structure their revenue in advertising, nor their generated revenues, which revealed are no longer inexhaustible, as shown by facebook data.
What is actually happening is that many consumers prefer to spend more time watching short videos than sharing and liking memes. Another problem that has been emerging new boundaries to user monitoring, getting more and more complicated to target ads based on web browsing.
The creators of this new social network called "NICHE" believe it can be a new generation of platforms that make it possible to connect communities on the web with more specific interests, such as: hobbies or content creation.
As we have already seen, in the beginning social networks had the role of connecting: your friends, schoolmates, families a very large connection, but very little in common, but now the tendency is to reverse the process, make it smaller and smaller, making everyone closer and more intimate.
That way, in the Niche App, until now, only app stores are available, in which you can find groups segmented by interest, such as a collection of dragon ball z comics, would be awesome, right? Looking forward to the future, the niche will have other categories in its storage, such as: music, cuisine, business and maybe cryptocurrencies.
The platform has no ads, so monetization comes in the form of helping content creators and helping users find amazing content. in this way, value comes from what people produce, whether digital content or an added value within a community.
BLOCKCHAIN IN THE STRUCTURE
since inventing and exchanging things is an important pillar for NICHE, so the platform is being built on blockchain technology. The creators of the platform believe the communities, moderated by the decentralized autonomous organizations (DAOs), within the blockchain, create a system
that enable participants to own, control and monetize the content they create.
Niche was programmed with NEAR, a blockchain technology that allows the platform to issue tokens to users who join a specific, segmented community. In addition, it allows creators, such as artists or musicians for example, to trade their NFTs related to their work. When we talk about DAO, we refer to a smart contract, the tokens that are produced and exchanged on the platform can be organized so that it receives a small slice of sales. But in practice much of the blockchain stuff will take a back seat. Community members do not need to be very knowledgeable about the web3 universe to be able to use the platform. We've made it a lot simpler to create a DAO and add new participants in a way that people don't notice that it's a decentralized organization.
If Niche manages to make this connection between creators and consumers willing to buy, it could come with great strength. The application creates a graphical metrics to track the interests of users, but for the purpose of recommending creators and content, not to target them for advertising purposes, I hope you enjoyed the article, if it connected with you, leave the joinha and until next time .