The blockchain is the future of social media

Nowadays we observe tectonic shifts on social platforms. Some of them struggle with society; others rise up and fade, trying to be more open or restrictive. Apparently, the economic model of social media should be modified. The direction of these changes is getting clearer. What is wrong with social media today? With an immense base of profiled user data, social media have built their business model on a highly targeted advertisement. Targeting used to benefit both advertisers and platforms. Companies just reaped customers who were ready to buy and platforms didn’t have to share their income. This has resulted in

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PR: Innovative Social Network Monoreto Launches Pre-ICO

Social Network Monoreto Launches Pre-ICOOn May 10, 2018, the pre-ICO of the new social network Monoreto starts. The project introduces a blockchain, which will help social network users to monetize their content and their interactions with each other. This social network can disrupt the media landscape: any user will be rewarded, and influencers will get more opportunities for development.

The revenue of social networks depends on user data: content, history of actions on the network and their interactions with each other. The developers of the network do not produce those products. They just support the platform, store user data and sell network audience to advertisers.

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