WOM Protocol, a pioneer in decentralized marketing, has launched the testnet for its new EVM-compatible Layer 1 blockchain, introducing innovation in trust-based marketing.
WOM Protocol's Evolution and Testnet Launch
WOM Protocol began its journey in 2020 by developing infrastructure for decentralized marketing. Since then, the project has navigated various challenges while remaining relevant and enhancing its protocol. The launch of the EVM-compatible Layer 1 blockchain testnet is a significant step forward, capable of processing up to 10,000 transactions per second with ultra-low fees. Key applications like BULLZ and WOM Authenticator are planning to migrate to the new blockchain platform after its official launch.
Adapting to New SocialFi and InfoFi Conditions
In the rapidly evolving landscape of SocialFi and InfoFi, WOM Protocol holds a crucial position through its content verification mechanics. Currently, WOM has processed over 300,000 validated content pieces and is actively working on enhancing its authentication system. The focus is on creating a reputation asset for content creators, which is becoming increasingly valuable as the influence of AI on information grows.
Grant Programs and Strategic Initiatives
To stimulate ecosystem growth, WOM Protocol is introducing a grant program worth up to $1 million in WOM tokens over the next two years. This initiative aims to support SocialFi developers, integrate new platforms, and foster community-led initiatives. Additionally, a planned strategic token sale will help onboard new projects and enhance WOM's visibility.
With the launch of its testnet, WOM Protocol solidifies its position in the realm of decentralized marketing. The new blockchain enables the creation of authentic decentralized communities, focusing on transparency and trust among participants.
