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The content creator economy, fueled by the rise of social media platforms such as Facebook, Twitter, and YouTube, will generate $13.5 billion in revenue by 2021. Like all industrial revolutions, the Content Creator economy has created a whole new set of revenue opportunities across a wide range of industries.
Concerns have been raised about the social networking industry as people continue to embrace decentralization. However, as most of these apps are not privacy-focused, 99 percent of the social networks leading the pack are far too centralized and have always been plagued by user privacy issues.
Users of Social networks also have no say in how these centralized social media networks are run and must settle for whatever they get. The social networking industry has grown too large to ignore. There is a need for a decentralized social networking app that provides users with an entirely new social networking experience. Newlife.Ai intends to create a paradigm shift in the social networking industry by utilizing blockchain technology to provide users with a fully decentralized social networking ecosystem.
NewLife.AI, Too Good To Be True?
The concept of a metaverse has gained traction in recent years, with people anticipating a future in which a shared virtual space will combine the best of both the real and virtual worlds. Newlife aspires to be the metaverse-enabled social network in the coming years, and it intends to do so through its app. Newlife is utilizing AI to develop an algorithm that allows users to "train" their platform based on their preferred aesthetics.
Newlife's algorithm is called FLOW, and it is trained by users long-pressing their phone's screen. The longer you press it, the more you can express your appreciation for the content. This way, your feed will serve you content based on an algorithm.
Newlife would also be implementing NFT technology, allowing content creators to tokenize and sell their content to users.
The goal of Newlife is clear: it wants to change the current state of the social networking industry and give creators complete control. Newlife was created with creatives in mind, and it hopes to be powered by the same community.
Newlife wants to change the social networking landscape and has implemented Telos blockchain to transition into a DAO governance model and leverage the Telos platform's native token ($TLOS) as a cross-border medium of exchange, facilitating content trading between users and content creators on Newlife.
WHY TELOS BLOCKCHAIN?
As Newlife aspires to be the future of social networking, they are only natural to build on blockchains, Telos, which was explicitly designed to support web 3.0 platforms such as Newlife.
Telos is a high-performance blockchain that aims to empower users through high speed, zero transaction fees, and advanced blockchain governance features. In addition, Telos extends its platform-level governance engine for applications deployed on its network, allowing users to retain control over the Newlife experience.
Telos employs the Delegated Proof-of-Stake (DPOS) consensus, a significant improvement over existing Proof-of-Work and Proof-of-Stake models. In addition, Telos aims to encourage user adoption by charging no gas fees on transactions. Telos is highly scalable and can process up to 10,000 transactions per second, which is an essential feature for Newlife given the volume of users it plans to onboard over the next few years. Telos is also EVM-compatible, making it simple to deploy dApps on its network.
Closing Thoughts
Newlife AI aspires to be one of the leading decentralized social networking platforms and sets the standard for the next generation of social networking platforms by utilizing one of the most advanced blockchain networks. Furthermore, Newlife's algorithm is a breath of fresh air for content creators, and it will play a significant role in propelling the content creator economy to new heights.
Disclaimer
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