Revolutionizing Content Creation Incentives with Blockchain
GIFTO is developing a decentralized virtual gifting protocol to incentivize and monetize content creation by individuals. The goal is to create additional revenue streams alongside conventional advertising revenue streams on major content publishing platforms such as YouTube, Instagram, and Facebook.
I think GIFTO is a FIVE star idea because…
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If GIFTO can successfully execute its virtual gifting protocol, it has the potential to disrupt the current establishment and change the way content creators earn revenue. This innovation can benefit smaller, equally valuable content creators currently disadvantaged by the current incentive systems that disproportionately reward the top 1%.
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By using blockchain technology to power the virtual gifting protocol addresses several issues currently faced by the virtual gifting market. The most significant advantage is using an immutable ledger to record virtual gift values, transactions, and characteristics. This feature is essential to maintain the economic value of these assets.
I will conduct an in-depth analysis of GIFTO covering various categories over the next week or two. I encourage readers interested in the project and want to learn more to stay tuned and check back for additional GIFTO reviews.
If you're interested in learning a few more facts about the space and the company behind GIFTO, keep reading…
Current platforms like YouTube have revenue streams that solely rely on an advertising incentive model, which unfairly benefits the top 1% of producers with the most extensive viewer base. This model limits the overall quality and diversity of content on these platforms, as most content creators cannot generate a dependable income stream under the current incentive scheme, regardless of their value to users.
GIFTO is developed by Asia Innovations Group ("AIG"), a prominent mobile entertainment company in Asia that has already demonstrated the potential of virtual gifting to generate hundreds of millions in revenue via their Uplive live video platform. Show Less
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