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5 blockchain-based social media platforms you should know about

Published on

July 3, 2023
Read Time:5 Minute, 23 Second

Blockchain-based social networks are revolutionizing the way in which we share, work together and talk with folks on-line. These methods supply enhanced transparency, information possession, and decentralized incentives by harnessing the ability of blockchain expertise.

This text will evaluation 5 well-known blockchain-based social media websites: Steemit, Verasity, Binded, Audius, and Sapien.


Based mostly on the Steem blockchain, Steemit is an progressive decentralized social media community. This novel incentive method pays customers for curating and creating content material. Customers are motivated to create high quality content material and work together with the neighborhood as they'll earn Steem tokens (STEEM) primarily based on participation.

By nurturing a thriving ecosystem of content material producers and paying them immediately, Steemit's technique is altering the standard social media mannequin.


truthfulness is one other blockchain-based social media platform that focuses on video content material and monetization. It goals to empower content material creators by offering a clear and honest ecosystem for sharing, viewing and incomes rewards. Verasity makes use of its native token VRA to incentivize engagement and reward each content material creators and viewers.

Utilizing blockchain expertise, Verasity ensures the authenticity of views and gives content material creators with a safe atmosphere to monetize their movies. With options like advert blocking and advert fraud prevention, Verasity goals to enhance the general video content material expertise whereas providing a sustainable monetization mannequin for creators.

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Bound is a state-of-the-art blockchain technology-based platform specifically designed for photographers to guard their copyrights. With Bind, photographers can securely add their photographs to a blockchain-secured copyright vault. This ensures the authenticity and private duty of their work. As well as, Binded permits artists to share their creations whereas actively monitoring for doable copyright infringement.

By harnessing the ability of blockchain, Binded has efficiently recorded and guarded over 350,000 photographs, establishing itself as a dependable copyright safety platform. As well as, Binded has simplified the copyright registration course of for Instagram photographs. Each time a person posts a picture on Instagram with the hashtag #Binded, an immediate registration of the photograph is triggered, making certain quick and environment friendly copyright safety.


Audio is a decentralized music sharing and streaming platform aiming to rework the music enterprise. Developed on the Ethereum blockchain, Audius provides musicians direct management over their music and permits them to earn cash with out intermediaries.

Audius affords transparency, equitable rewards and censorship resistance by way of the usage of blockchain expertise. By constructing networks and interacting immediately with followers, artists obtain fast suggestions on their work.


The blockchain-based social messaging community sapien values ​​person privateness, high quality content material and information possession. It permits customers to supply, disseminate and take part in discourses on a spread of matters whereas sustaining management over their information.

Utilizing blockchain expertise, Sapien created a decentralized status system that encourages high-quality posts and prevents spam and false data. Customers can create customized information feeds and have significant conversations with different customers who share their pursuits.

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Elements to contemplate when monetizing content material

With regards to content material monetization, content material creators ought to preserve a number of key issues in thoughts:

goal group and area of interest

It is necessary to know the target market and the particular area of interest you are serving. With a purpose to create content material that resonates with customers, it is very important establish their wants, preferences and behaviors. Understanding this, customers can select one of the best content material monetization ways.

worth proposition

The decisive issue is the presentation of the particular profit for the viewers. What distinguishes your individual content material from others on this space? By emphasizing the advantages and options supplied, it's doable to draw and retain an engaged viewers.

monetization fashions

Inspecting quite a few monetization methods permits deciding on the fashions that greatest match the viewers and content material. Promoting, sponsorships, internet online affiliate marketing, subscriptions, premium content material, product gross sales, and crowdfunding are examples of well-liked monetization methods. By weighing the professionals and cons of every, customers can select the fashions that swimsuit their content material and targets.

high quality and consistency

Persistently offering high quality materials helps acquire viewers belief and construct credibility. High quality content material results in extra viewers, higher engagement and better income alternatives. Consistency of launch dates and content material sorts can also be crucial to participating and increasing audiences.


Counting on only one monetization alternative will be dangerous. Diversifying earnings sources helps cut back dependency on a single supply. Combining completely different monetization methods, exploring joint ventures, or utilizing completely different channels and mediums to achieve bigger audiences are highly effective methods to diversify.

Consumer Expertise and Engagement

By prioritizing person expertise and engagement, customers can keep on the platform longer, thereby attracting a bigger viewers. Creating an intuitive, user-friendly platform or web site for content material consumption is essential. Fostering dialogue by way of polls, feedback, and social media interactions can improve engagement. Essential practices are interacting with the viewers, responding to their feedback, and customizing the content material as wanted to swimsuit their preferences.

promoting and advertising

Efficient promoting and advertising strategies are essential to rising content material visibility. By leveraging social media, e-mail advertising, SEO (search engine optimization), partnering with influencers, and cross-promoting, you possibly can attain a wider viewers. Creating a robust private model and leveraging current networks can even improve attain.

Analytics and information insights

Utilizing analytics instruments to watch the effectiveness of monetization efforts is important. Analyzing details about viewers demographics, engagement ranges, conversion charges, and income streams gives useful insights. By means of data-driven selections and steady enchancment of ways, improvement areas will be recognized and monetization methods will be optimized.

Authorized and moral issues

It is necessary to know the legal guidelines and ethics that govern content material monetization. Adherence to privateness rules, sponsored content material disclosure requirements, and copyright restrictions ensures compliance. Transparency and honesty in monetization methods construct viewers belief and defend the model.

Innovation and flexibility

The digital panorama is consistently evolving. Subsequently, being open to altering monetization plans and exploring new alternatives is essential. It is also necessary to remain knowledgeable about market developments, new platforms, and instruments that may improve monetization efforts. Staying on prime within the dynamic world of content material monetization requires fixed experimentation, listening to suggestions, and adapting methods.

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Azeez Mustafa
Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager – as well as an author.
Last Updated : July 3, 2023
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