Take a deep breath (3 seconds in; 3 seconds out). That’s another content demonetized.
Content demonetization and censorship have become major issues for creators and users on current Web2 social media networks; think Twitter, Instagram, Facebook, and of course, Youtube. These heavyweights currently retain full control over the content on their platforms.
In response to these issues and the lack of revenue stream, creatives are bringing their audiences on newer platforms like Twitch, Substack, and Patreon. These platforms embody the creator economy, fueling the direct creator-to-fan relationship, bypassing traditional gatekeepers, and opening the door to a new content monetization model.
However, solutions offered by the “new creator economy platforms” are only the beginning. While they solve the monetization issue for creators, they are still centralized and hence, not censor-proof. A new wave of Web3-powered social media platforms is entering the fray.
In Web3, the goal is to decentralize content using blockchains, payments, and smart contracts to transform how creators and influencers create their content, claim ownership, and monetize.
WUBITS is a decentralized Web3 social platform that empowers creators and enables them to monetize their social engagements with P2P crypto transactions.
Returning authority to creators and users
With a lot of Web3 dApps already out there, the question users ask is what differentiates this offering from the rest. WUBITS is more than just another social platform; it combines the best of Web2, Web3, and the power of blockchain to provide creators with more transparent and decentralized solutions.
When comparing WUBITS to similar platforms, it’s easy to see the contrast in the freedom given to creators and their users to earn side-by-side.
This simply means that the users and fans will be able to access valuable and exclusive content from their favorite creators and benefit financially as they grow and succeed on the platform. Creators can use the platform to monetize content in crypto without depending on a third-party payment processor. This allows creators to monetize content worldwide.
As influencers gain widespread acceptance, creators will continue to be stifled by content guidelines and payment processing issues. As the world starts to embrace the relationship between creators, influencers, and their super-fans, WUBITS represents a true censorship-resistant decentralized platform where creators can freely express themselves and monetize their content.
How do creators monetize with WUBITS?
At its core, the WUBITS social dApp, built on the Polygon blockchain, was made to help creators monetize. Through its underlying technology, creators and fans can earn crypto straight into their crypto wallets.
Creators make premium, paid content that can only be viewed when fans buy with crypto (USDT, MATIC, etc). On the other hand, their fans can go ahead and repost this premium content to earn % of the revenue in crypto, paid directly into their crypto wallets.
Creators can monetize their ideas, tips, and tricks on the WUBITS platform and sell individual posts without relying on monthly subscription models alone. It’s easy to integrate the monetization model provided by WUBITS into already existing flows on other platforms or cross-sell to earn even more.
The WUBITS dApp has been launched and is already an essential tool for traders as it allows users to monetize their trading signals and tips on the platform and promote them to their existing fans on other platforms. This makes WUBITS a must-have tool next to Telegram, Discord, and Twitter.
WUBITS sets itself apart from other social media applications and dApps by tackling social media issues today, like disturbing algorithms and censorship. It empowers creators and users through its transparent, decentralized reward mechanism, allowing them to choose the allocation of rewards on the platform.
Disclaimer: This is a paid post and should not be treated as news/advice.