Monetization of networks and networks based on blockchain
Social networks currently occupy a very important place in the lives of many people, they have become a communicational reference of the modern world.
It is very difficult to find today, a person of any generation that does not manage a facebook, twitter or instagram account, everyone wants and needs to be connected either to communicate effectively with friends and family or simply to know news of world events and be up to date with the innovation of an increasingly globalized world.
Whatever the reason, there is always a good excuse to be connected to the Internet and more specifically to some social network of the many that exist today.
In recent years, people with accounts in social networks have tried to monetize their work, content creators, celebrities of the artistic medium, musicians, chefs, bloggers, etc.
All try to become Influencers some more successful than others, but all behind the same goal, get income based on the influence they have in some social group which have become a reference and have managed to accumulate a considerable number of followers.
Essentially, we can define "social network" as a platform on the Internet that we access through an explorer or application, to share interests or activities in general, allowing the exchange of almost any type of data, privately or publicly.
Problem / Solution
From my point of view, the big problem when it comes to monetizing our content in any of the most used networks on the planet such as facebook or twitter is the large number of followers that must have an account, a very difficult task when it comes to an ordinary person who, although he has a special charisma, it becomes very difficult to attract such a large following.
In my opinion, and in second place is the fact of creating attractive content for that group of followers in such a way that they remain interested to achieve a traffic constantly, to then advertise a company or service provider that is interested in your services.
Finally, I think one of the most difficult barriers to overcome is competition, as I get my profile, my account or my blog to stand out from a sea of similar content that is generated every day, for me it is something very demanding that requires a lot of time and effort.
The great idea!
With the implementation of Blockchain technology and the creation of cryptocurrencies, social networks based on Blockchain appear on the scene, which in my opinion are the solution to the problem of monetization of content for many (including myself), creating a historical precedent in the that refers to social networks, blogs and microblogging.
The decentralized social networks based on Bolckchain are here to stay and little by little they are positioned in the preference of the users for their reward system that are very attractive for the creators of contents.
Until today there are many projects of this nature that have been launched and I will share with you some of these:
Steemit
First of all this Steemit, I think it's the most popular and reliable platform at the moment, devised in 2016 by Ned Scott and Dan Larimer, creator of Bitshares, a decentralized reward platform It combines the creation of content, the interaction between users and the use of the cryptocurrency called Steem.
In this way the rewards (steem) work as points that can be exchanged for other tokens, providing purchasing power to access various services related to the network, even converting them through the exchange in fiat money. Anybody, anywhere in the world, can have access to the platform and receive payments for its contents.
Sapien
Sapienfocuses on combating false news on the Internet.
Created in 2017 by Robert Giometti and Ankit Bhatia, current CEO, on its website is described as a Web 3.0 social news platform that offers users control over their data, a reward to content creators and a fight against false news Built on the chain of Ethereum blocks.
OnG.social
This network, in full development since 2017, is executed in two blockchain, Ethereum and Waves, and provides ease of control for the construction of communities and social interaction with rewards in cryptocurrencies. In this way, like the other decentralized networks already mentioned, the plan is for the users' effort to be monetized within the network and the publications are validated according to their impact, while their veracity is confirmed through the consensus of the community. OnG.social. That to mention only some of the existing ones.
More recently, platforms similar to steemit have been added to the list of users and their user interfaces such as Whaleshares WEKUand Chinese platform that is growing and rewarding users who already have accounts in steemit CBNT and register using this sCthNr code.
Conclusion
The list of platforms and social networks based on the Blockchain technology expands rapidly, trying to satisfy the demands and tastes of users around the world. While it is true that still the use of these networks we can not compare it with the most popular social networks such as: Facebook, Twitter, YouTube and Instagram with 1,900, 328; 1,000 and 700 million users, respectively.
However, the rise of these new platforms continues its course of accelerated growth, gaining more and more followers and registering an increasing number of users, which leads us to consider the following questions:
What to expect from these Blockchain networks in the future? Will they become the new network-based economy? Will they surpass traditional networks?
Share with us your opinion about this article, what networks do you use? Recommend a social network other than those you have already tried. I am open to any comment, suggestion or correction that you wish to make, I will respond kindly to each comment.
Pr EV
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Thank you very much, have a nice wonderful Sunday.
Hi @fucho80,
Thanks for the memo and thanks for the link to comment on your exceptional blog post.
A great publication @fucho80. All of the social networks are unique in their own way in the looks, in the working pattern, in the parameters they offer to attract the innumerable number of online pepulation😀......!
I will be posting some content in FB and Twitter. Two days back, when I searched over the net, I found out a new decentralized network called "Minds-where minds gather" as a tagline. I got myself registered in it immediately, but I am yet to start posting in it, but did you know what happened?
To my astonishment, I got almost 9 notifications and all belong to the regular users of Minds.
The thing worth mentioning here is that we will normally subscribe to those users whose content we find interesting, but here peculiarly they subscribed me before I post any publication!
And I want to tell one more sour incident I encountered with FB. Almost all of us, I think will be getting our post promotion ads and had anyone tried it? If so, please tell me the result of your post promotion.
For me, the ad cost is given as Rs. 400/-. Utter waste. Nothing happened after the boost as I completely lost the amount invested. I wasn't given the option of selecting the areas where my ad has to be promoted. I just simply got fed up.
I am attaching a screenshot of the concerned FB ad. See the amount I spent and how much they utilied for promotion. Also this ad didn't run for the number of days it was intended to run.
I wasn't complaining, but I expected a lot from FB and as it didn't live up to my expectations, I was, more of like, DEJECTED!
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Hello my dear @marvyinnovation, it is always a pleasure to read your comments and see you participate in this type of publications. You are welcome!
Very good start friend ... This network you mention is based on blockchain?
A very unpleasant experience, usually there are projects that are launched on which there is much expectation on the part of developers but then lose some interest in them and neglect the users.
Thanks for participating friend.
Thank you so much @fucho80 for your kind words.
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I left FB well over a year ago now in favour of @steemit
I use mostly @partiko on my phone as I find it easy to use and navigate.
By far my favourite site was TSU where I met and interacted with many like minded people from around the world.
It was a big shock when one day it just disappeared leaving many users without a home.
I don't think steemit will go that way although it is far from easy to use at the moment.
Keeping up with people you are interested in following isn't always easy.
It would be good to have notifications when people you follow post a new article.
I will stick with this platform as I have invested my time and energy here as I did in TSU.
The future is looking good for the blockchain and crypto as a way not only to communicate but to make a little money in the way. Which is always helpful in a world where so many have so little.
Great article my friend thanks for bringing me to your post. Peace and Love 😁
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I AM GOING TO THE BEACH
Can I come please...Is it warm yet?
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bring a towel and some beer and sandwiches
Hello my dear @andyjem, thanks for joining this conversation.
I do not have the opportunity to try this tool because I do not have a smart phone (in Venezuela it is very difficult) but I realize that many people use it and I am sure it makes it much easier.
According to you, there are many things that steemit needs to improve, hopefully include a notification system that allows the user to be up to date with the community, very good observation.
The future is looking good for the blockchain and crypto as a way to communicate but to make a little money in the way. Which is always helpful in a world where so many have so little.
There are many advantages of this technology and I think it has a good future, I think we will have steemit for much longer, it would be good to see how it improves
Thanks for your excellent comment friend, take care.
you do not need a smart phone to use Partiko. however what you write on there will never go away. So in your Country. I would be careful.
Hello friend @marionbowes, thanks for visiting this post and leave your comment
Is it really possible to use Partiko without a smart phone? A few weeks ago I asked a friend and he told me that it was an application only for mobile devices.
Thanks for your participation.
Take care.
yes.. for mobile devices. but a smart phone is a specific phone from apple. I have a Samsung and therefore I am able to use Partiko.
Ok, I understand for all these devices I knew them as smart phones, I did not know that it was specifically a device.
Thank you!
Sorry have to correct you there Marion at this time partiko don't have a PC program. So you have to use another program to use android apps called Bluestaks. Which uses huge amounts of memory so isn't Ideal.
People should not keep quiet if they have something to say. That's how tyrants come to power. Also whatever you use to post to steemit once on the blockchain it can never be removed.
How did I do. All questions read and answered 😉😁
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Thank you very much friend @andyjem for the clarification. You have a lot of reason it is necessary to raise our voice to correct or condemn something that is wrong, that will help many people.
Thank you!
not so good. I said and I quote. You do not need a smart phone to use Partiko. I have a Samsung. A smart phone is an Apple Product. I never made mention about anything on a PC. Not once. Never talked about Bluestaks. Sure they can say what they want. People kill themselves in a terriost attack on airplanes too. If that is there thing. Say what they want and get killed, or thrown in jail or removed from their country. Sure. I forgot that is how many role.
Here is my idea @fucho80
Social media networks will not be gone, not ever. It will just change tru time, it will adopt to blockchain technology.
Problems experienced by users of current social media will still persist even on social media built upon blockchain, like low number of followers, low number interaction, low payout.
But these problems are far more an improvement from the current fb, twitter, instagram where centralized authority manages our data. Decentralization of networks will be the only first improvements of blockchain social media.
The only consolation to this fact is that, although the social media aspect can be a little improvement, but the tokens-cryptos attached to the blockchain have a good potential for investments, since these prices fluctuates heavily. Trading of tokens are a good means of earnings.
Not only that you earn from social interactions, but trading tokens will add to the value itself.
Still more beneficial that the current social media networks.
My dear @guruvaj, welcome and gracais for this great contribution.
Strongly agree, the conventional social networks will surely evolve and end up adopting this technology, always improving what we have now.
I believe that decentralization will be improved first, but together with this will come many advantages including the native token of each chain, the security to manage your own funds and the innumerable possibilities of investment.
That is friend! Again, agree that this is the future.
Take care.
Pr EV
@fucho80, Definitely everyone uses today's Technology and the tools and specially Social Media Tools but in my opinion more than good, Centralised Social Media brought more negative results.
But now times are changing and Decentralised Systems are working in a way, they are touching the true development points and that is financial empowerment and equal opportunities to grow and now this is happening.
Dear @chireerocks, thank you for joining this conversation, welcome friend.
New times brother, the technology is developing rapidly bringing with it many improvements. With this new generation of social networks based on blockchain, you really feel that you have equality and that you can get financial benefits from the time you spend.
The future brother!
Blessings!
Pr EV
Yes, Blockchain based social media platform is transforming the idea of Social Power and touching the real concerns and empowering those concerns. Have a great time ahead and stay blessed.
Thanks friend, equally for you.
Welcome and thank you so much.
ok
🙂👍
To stay in touch with family and people close to me I would never use Facebook or Twitter, etc.
I have a mouth, we all have a phone and the only thing we use is WhatsApp.
At this moment it is useless to use something else, especially if I am the only one (Viber for example).
My children are not very interested in social media either.
I only have Facebook and later started with Twitter to contact organizations. It's cheaper this way plus they help you faster with a complaint!
By now many use WhatsApp too so I prefer that.
I do not share pictures, thoughts, ideas, etc on Facebook or Twitter, if it comes to it I find both boring and Facebook most of all.
CBNT is no fun because as a mobile blogger I can hardly write. The biggest part of the site I cannot see. So it is not a great substitute yet for Facebook nor twitter. It's the same with weku. At first it worked fine, but since weeks I am not able to login.
As long as these difficulties do exist and you have to pay to post people will not join the blockchain. It is too difficult.
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Hello dear @wakeupkitty
Agree with you on this, but there are people like me who do not have a phone with the capabilities to use WhatsApp, we only have one PC and we have family and friends outside the country and we contact them through Facebook. However, I congratulate you for having these options.
It is true that all these platforms right now have many deficiencies but we must remember that it is a relatively insipient technology and it supports many improvements, we hope that the developers of these sites will notice all this and apply the necessary corrective measures.
Thanks for your comment, it is always a pleasure for me to read a comment of yours.
Take care.
I have no computer, a bad and slow internet connection and the less family I have is broad as well except for my 2 youngest. We do not have a smartphone that long and it is our only option to stay in touch. A computer would not even be able to contact to the internet. In most cases I only have 2 or 3 G although I pay for 4.
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Wooo, I understand, well I see that it is very difficult for you where you meet, things are similar around here but we do not strive to access the internet. Can you tell me where you live?
THANK YOU!
Great post and nicely presented. I think monetizing social networks is pretty tough and is a long term goal unless one is willing to invest in Ads.
I'm equally finding difficult to monitize my content on Steem, changing strategies from time to time but it is not always working.
About the blockchain social network, I do not know about CBNT and I will check it out.
Whaleshares is already a FAILURE. It was created to solve the flaws of Steem but today, it is more of a cross posting platform with lots of tokens that are mostly given out for discord show attendance.
In all, I do not see any of these blockchain social media to surpass the likes of Facebook and the rest. If we may one someday see one, then I believe it will definitely be created from a perspective different from Steem and others that currently exist.
Thank you for a great piece of article.
Do have a great week!
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Hi dear @akomoajong, thanks for joining this conversation, you are welcome.
According to you, I think that it is very difficult to overcome these networks right now and I do not know if they ever get it, but if the cryptography continues its ascent, we have to wait for the future.
Thanks for comment.
Many projects tap into this opportunity to build the next generation of social networks that reward for your effort. At the moment I explore Publish0x that has good potential and Steem that will continue growing at a rapid pace.
Hello my dear @chesatochi, thank you for reading and commenting on this publication.
Right, it is creating many network alternatives that reward users what makes them more and more attractive, and as long as they continue to improve they will continue to grow and provide us with more opportunities
Woo seems fine to me, so far I write on several platforms, I had not read about this you mention. Could you send me the link?
Take care
https://www.publish0x.com/
Thanks!
My pleasure!
I think these blockchain networks will grow fast but never become as big as facebook or twitter but they can still get monetized by blockchain.
Example: I have monetized my Twitter account with SNAX. The reward isnt very high but you do get some small bucks. You can even get tipped if you use brave and become a certified author.
The present social networks are way more improved than Steem or Weku or Whaleshares or anything.
Great article as usual @fucho80. 😊
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Dear @n1hal, thank you for reading this post and leave this valuable comment. You are welcome!
I appreciate your point of view, I think it is very difficult to overcome conventional networks there is a big gap still, but everything will depend on the improvements that can be introduced in blockchain.
I've used brave but it gets complicated, I do not know if it's because of the connection I have that is very slow.
There is still a big difference between networks but it is also true that many people who are using blockchain have decreased the use of facebook and twitter.
Thank you friend, great comment, very well received, take care of yourself.