The emergence of Web3 technologies has led to the rise of new social platforms like ZE23, which offer users rewards for their participation.
The Problems with Traditional Social Media
Traditional social media platforms such as TikTok and Instagram rely on user attention, generating billions in revenue without providing much in return. This centralized system leaves users without control over their data and income derived from their activity.
What Is ZE23 and How Does It Work?
ZE23 is a SocialFi platform built on the Solana blockchain that rewards users for their time and engagement. Users can earn Z3 tokens by interacting with content. The platform offers a transparent revenue-sharing model, where 50% goes to fans, 40% to creators, and 10% to the platform.
Uses of Z3 Tokens
Z3 tokens serve as the currency within the ZE23 network, used for promoting content and earning income. The platform also incorporates blockchain-based identity verification to ensure trust and content ownership.
ZE23 represents a significant step in the evolution of social media, offering users earning opportunities and control over their content. It serves as an important alternative to existing models amid the growing interest in Web3.