Social Media is Revolutionalizing
It is official that Elon Musk is taking steps towards adding more value to Twitter. Today, Forbes has reported that Twitter under its new ownership has successfully changed its incorporated name to "X Corp" to accommodate Elon Musk’s long-envisioned everything app that seeks to profer services and products far past social media.
Twitter Inc. “no longer exists” and the company is now a part of X Corp., according to an April 4 filing in California federal court.
Earlier today, Musk tweeted “X” in line with the new filing for the change of Twitter Inc.'s name. It is obvious that the is going to be a massive revolution in the social media and microblogging front of internet usage.
Moments ago, Mark Zukerberg of Facebook has announced that soon the local businesses in Brazil would start sending and receiving payment via WhatsApp.
People in Brazil will be able to pay local businesses right in a WhatsApp chat. We'll be rolling this feature out to more businesses in the coming months. source
This latest Facebook move is not different from Musk's push to become the biggest financial institution in the world via his social media app while transforming Twitter/X into a wide-ranging service akin to China’s WeChat.
LeoFinance has been Ahead: X 'Everything App' features are here
While they are just waking into this reality, LeoFinance has been ahead with Project Blank, presently iterated as Leothreads. From just a finance and crypto blogging interface, LeoFinance has metamorphosed into and all-inclusive microblogging platform for everything and everyone. We have had series of updates and improvements on project Blank from February 14 todate. Major of such include:
- Proof of Sharing (POSH) is on LeoThreads
- LeoThreads to boost Leo Ads
- LeoThreads recording 3,000 Daily Threads Daily
- Polls to rollout in LeoThreads
- Gifs and Emojis are here
- Login with QR code is live
- Wallet page coming this Friday
With the activation of wallets on Project Blank, it means that the peer to per transaction feature that Facebook and Twitter are pushing for is already live and working on Project Blank.
May 1 would mark a great date in the evolution of LeoFinance as the new Project Blank scalable code would be put to full production on https://leofinance.io/.
It is beautiful to note that already. all of the possibilities of Twitter is already on LeoFinance but Twitter need to learn from LeoFinance how to integrate some of the features that would help its advancement into "X app" phase. Below is the comparison of the possibilities of Twitter and LeoFinance.
| Platform | LeoFinance | |
|---|---|---|
| Name: | Now "X Inc" | Now "Project Blank" |
| Data sharing: | Web 2 | Web 3 |
| Function: | Social media | Social media |
| Major product: | Microblogging | Microblogging |
| Revenue Model: | Ads revenue | Ads revenue |
| User VOice: | Polling | Polling |
| Financials: | No Wallet | Wallet |
| Smart Finance: | No peer to peer txn | Peer to Peer Txn |
We are still in the early stages of the development of Project Blank. We are deeply anticipating NFTs, gaming, and crypto lending features among others. This time, a web3 project is not trying to model after a web2, but rather, web3 is ahead and web2 would have to learn.
Final Words
I am excited to see that LeoFinance has been into the future and has created Project Blank which is a very relevant development in the social media and microblogging industry. Pushing forward to hit the Monthly active Users (MAUs) target of 2,000 by the end of Q2, 2023 and 5,000 by the end of the year looks more real than ever.
It is very clear that the projects building on Hive blockchain are future minded and are solutions to the dire need in the social media industry. The advantage we have is the full web3 functionalities of Hive which can only make these strides better.
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What is LeoFinance?
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Let's Connect
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