The content creator economy will generate $13.5 billion in revenue by 2021, fueled by the rise of social media platforms such as Facebook, Twitter, and YouTube. The Content Creator economy, like all industrial revolutions, has created a whole new set of revenue opportunities across a wide range of industries.
As people continue to embrace decentralization, concerns have been raised about the social networking industry. However, because the majority of these apps are not privacy-focused, 99 percent of the leading social networks are far too centralized and have always been plagued by user privacy issues.
Users of social networks have no say in how these centralized social media networks are run and must accept whatever they are given. The social networking industry has gotten far too big to ignore. A decentralized social networking app that offers users an entirely new social networking experience is required. Newlife.Ai intends to disrupt the social networking industry by utilizing blockchain technology to provide users with a fully decentralized social networking ecosystem.
Is it possible that NewLife.AI is too good to be true?
In recent years, the concept of a metaverse has gained traction, with people anticipating a future in which a shared virtual space will combine the best of the real and virtual worlds. In the coming years, Newlife hopes to be the metaverse-enabled social network, and it plans to do so through its app. Newlife is using AI to create an algorithm that allows users to “train” their platform based on their aesthetic preferences.
FLOW is Newlife’s algorithm, and it is trained by users long-pressing their phone’s screen. The longer you hold it down, the more you can express your gratitude for the content. Your feed will then serve you content based on an algorithm.
Newlife would also use NFT technology, which would allow content creators to tokenize and sell their content to users.
Newlife’s goal is simple: it wants to change the current state of the social networking industry by giving creators complete control. Newlife was created with the intention of attracting creatives, and it hopes to be powered by the same community.
Newlife wants to change the social networking landscape, so it has implemented the Telos blockchain in order to transition into a DAO governance model and use 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 IS TELOS BLOCKCHAIN USED?
As Newlife aspires to be the future of social networking, it is only natural for them to build on blockchains such as Telos, which was specifically designed to support web 3.0 platforms such as Newlife.
Telos is a high-performance blockchain that aims to empower users through fast transaction speeds, no transaction fees, and advanced blockchain governance features. Furthermore, Telos extends its platform-level governance engine to applications deployed on its network, allowing users to maintain control over the Newlife experience.
Telos uses the Delegated Proof-of-Stake (DPOS) consensus, which is a significant improvement over previous Proof-of-Work and Proof-of-Stake models. Furthermore, Telos intends to encourage user adoption by not charging any gas fees on transactions. Telos is highly scalable and can process up to 10,000 transactions per second, which is an important feature for Newlife given the volume of users it plans to onboard in the coming years. Telos’ network is also EVM-compatible, making it simple to deploy dApps.
Newlife AI aspires to be one of the leading decentralized social networking platforms, and by utilizing one of the most advanced blockchain networks, it sets the standard for the next generation of social networking platforms. Furthermore, Newlife’s algorithm is a breath of fresh air for content creators and will play an important role in propelling the content creator economy to new heights.