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Blockchain assists Ethereum [ETH] based MulTra to pay people for reading news

Priyamvada Singh

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Blockchain assists MulTra to pay readers for reading news
Source: Pixabay

In its recent tweet, a German company called MulTra GmbH has announced that it is working on a blockchain development project to monetize news content. While the news publishers can earn in MulTra Token [MTT], powered by Ethereum blockchain, the platform is rewarding for readers as well.

Interestingly enough, a reader consuming news on MulTra News App also gets paid in MTT. They can then use it to buy a premium subscription and get access to paid content. The app also has an inbuilt API that enables currency exchange, through which a reader may convert MTT to other crypto or fiat currencies.

MulTra's tweet

MulTra’s tweet | Source: Twitter

MulTra GmbH is a digitally fueled German company that powers a business to scale-up, enter new markets and industries. CEO of MulTra, Onik Mia’s vision is to encourage news readers to consume information from authentic sources.

The app aims at providing more freedom to the readers in supporting their favourite news publications, while simultaneously creating a space for publishers to maintain healthy news environment. The visionary also believes that his app will connect more and more people to the world of cryptocurrency. It is safe to say that MulTra News App is the first app to “pay people for reading news”.

In a Medium post, the CEO has stated:



“By using the MulTra News App, consumers are paid in the Ethereum-based MulTra Token (MTT) to read publisher content and earn cryptocurrency. We developed the MulTra News App working with feedback from major international publishers to address the challenge of monetizing news content. By using the MulTra News App, consumers are paid in the Ethereum-based MulTra Token (MTT) to read publisher content and earn cryptocurrency.”

Along with giant corporations such as Accenture, Wipro, and Deloitte. MulTra is also on the member list of Enterprise Ethereum Alliance [EEA]. EEA is an enterprise that connects Fortune 500 companies, startups, and technology vendors with Ethereum’s blockchain.

Content and finance are not the only sectors under development via blockchain. At least a small section of almost every industry today – music, healthcare, gaming, agriculture, luxury, tourism, and more have been integrated with this technology for smooth and advanced transactions. Various governments are realizing the efficient model of blockchain and shaping a positive outlook on the idea of widespread adoption of blockchain solutions.





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

Ethereum

Ethereum [ETH] witnessed 6 of 10 of its highest usage days in the past three weeks despite bear attacks

Akash Anand

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Source: Pixabay

Ethereum [ETH]’s movement on the cryptocurrency charts has been termed ‘slow’ or ‘unresponsive’ by many people involved in the world of digital assets. This subtle attack on the Vitalik Buterin co-founded network has been a prolonged process with many betting on the “death of the Ethereum network” due to the rise of faster and more efficient technologies and blockchain networks.

The second largest cryptocurrency, however, seems to have taken all these comments in stride as new data emerged that 6 of the 10 highest usage days in Ethereum’s history occurred over the past 3 weeks. Data from Etherscan.io showed a rise to a peak as Ethereum recovered well after the downturn in mid-January. The astounding peaks in terms of usage were also made evident when compared to the usage data in December/January 2018, the time period when the cryptocurrency market had reached its all-time high.

Some users in the cryptocurrency space were still critical about the data, with dk_holdnaut, a cryptocurrency enthusiast tweeting:



“I have never seen or even heard about anyone using any Ethereum app. If it was truly decentralized and censorship resistant I believe the people that value these perks the most atm and have the most funds to devote would’ve build a drug market dApp by now.”

However, Ethereum’s competition, EOS and Tron are not far behind. Just recently Tron, the Justin Sun-led cryptocurrency had announced that the TRX mainnet had crossed 2.5 million accounts, beating Ethereum with 8 million blocks. Ethereum, despite having the chronological advantage, had only 7.5 million blocks.

Ethereum had taken another hit when EOS set the record for the most number of cryptocurrency transactions in one day. Daniel Larimer, the CTO of Block.one had tweeted:

“#eos recently set a record of over 70m actions processed in one day. An average of over 810 actions per second. Our team is making great strides in further optimization and scaling. #B1JUNE”





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