Focus Raises $20 Million in Less Than 24 Hours
A decentralized SocialFi app called Focus has successfully raised $20 million in funding within a day. This app aims to compete with popular subscription platforms like OnlyFans and Patreon, which are part of the multi-billion-dollar creator economy industry.
Revolutionizing Social Media and Creator Economy
Focus, developed by DeSo, plans to disrupt the trillion-dollar social media market and creator economy. It offers innovative features that rival platforms like X, OnlyFans, and Patreon. These platforms charge high fees that significantly reduce creator profits, highlighting the need for a more equitable solution.
Combining the Best of Existing Platforms
Focus combines the best features from platforms like OnlyFans, Patreon, X, and others into one app. It operates on the DeSo blockchain and utilizes crypto-native monetization features that are not possible with traditional web2 platforms.
Decentralization and Innovation
Under the leadership of Nader Al-Naji, Focus is fully decentralized with no corporate entity behind it. It aims to challenge major players in social media by embracing optimism and innovation. Users can earn money through various monetization mechanics such as paid reposts, paid messages, unlockable content, subscriptions, and Creator Coins.
Low Transaction Fees and Content Storage
The DeSo blockchain allows users to transact in multiple cryptocurrencies at extremely low fees. Additionally, content storage on DeSo costs significantly less compared to other blockchains like Solana and Ethereum.
Incentives for Early Adopters
To incentivize early adoption, Focus offers a 100% bonus in $FOCUS tokens for users who reserve tokens during the first week. The app also introduces a viral airdrop model called The Social Airdrop, which rewards users based on their influence on external social networks.
Hot Take: Focus Paves the Way for Decentralized Social Media
Focus’s successful fundraising and innovative features demonstrate its potential to revolutionize the social media and creator economy industry. By leveraging blockchain technology, Focus aims to provide a more equitable and decentralized alternative to existing platforms. Its low transaction fees and unique monetization mechanics offer new opportunities for content creators to earn money. With its viral airdrop model, Focus incentivizes user participation and rewards influential users. This app represents a monumental technological shift in the world of social media and invites users to embrace optimism and innovation.
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