KUALA LUMPUR, Malaysia, Aug. 6, 2021 /PRNewswire/ -- On the eve of the project's first year launch anniversary, social media platform Torum has released its H2 strategic ecosystem expansion plan, prioritizing the construction of a one-stop crypto ecosystem. The plan includes core features that aim to solve the industry's information asymmetry problems and improve the connection between projects and communities through a social-based ecosystem.
\"Community consensus has always been the largest asset of Torum. However, the vast potential of a social media ecosystem like Torum is yet explored completely at such an early phase. With the support of Huobi Ventures, we are confident that Torum can grow exponentially by bringing onboard HECO-based projects and their communities for the next 6 to 12 months. We are super excited to be working closely with ecosystem partners like Huobi Ventures.\"
One of the key focuses of Torum for H2 2021 is to bring onboard quality HECO-based projects to its social media ecosystem. With the support of Huobi Ventures, Torum can provide premium benefits to HECO-based projects including access to the Western market, community building tools, brand exposure, community integration, and more.
\"Huobi Ventures HECO Fund strives to expand the Huobi ecosystem and welcome high-quality HECO-based projects like Torum. With the addition of a crypto-centric social media platform to our portfolio, we can utilize the core features of Torum like NFT Launchpad to provide community and resources outreach for the projects on the HECO ecosystem.\"
Torum is the world's first DeFi + NFT integrated social media platform that is specially designed for cryptocurrency users. Backed by AU21, Consensus Lab, DFG, M6, Waterdrip Capital, and 15 other prominent crypto VCs, Torum is now one of the fastest-growing crypto social media platforms with an impressive 20 - 30% monthly user growth rate.
Since the earliest days of human civilization, people have been organizing their thoughts and ideas in social groups. We instinctively want to share our experiences with others and gather information, opinions, and entertainment from them. Ever since the internet appeared in our lives 30 years ago, social media has played an increasingly important role in connecting people to each other while also offering new ways to share information in a fast and efficient manner.
Torum is one of the newest ad-free crypto social media platforms. It looks like a mix of Twitter and Facebook and has its own token to reward active users. People can also gift coins to other users for quality content. This network offers company pages and clans, smaller forums that focus on their own goals. Company pages have similar features to LinkedIn, so you can add your team members, post on the page, interact with other users or companies using your company page.
SocialX is an open-source, community-driven, distributed project. It is very similar to Instagram as a photo- and video-first platform that favors visual content. The social media platform rewards users with the SOCX token that you can trade on several platforms.
Like many other crypto social networks, SocialX allows you to earn tokens for posting photos and videos. The network plans to launch company pages and its own prepaid credit card soon so that users will be able to spend their rewards instantly using the SocialX card.
Blockster is one of the most popular crypto social media platforms thanks to its vibrant newsfeed and its focus on the crypto community. Connecting 200+ million crypto fans worldwide, the platform features its native utility token ($BXR) that everyone can use for the following transactions:
The attention economy has become a big business. Every day, people spend hours trying to get their content seen, heard, and read. However, on traditional social media platforms, the content you create today could be censored tomorrow.
Decentralized social media platforms offer freedom of speech, privacy, and transparency. You are the owner of your data, and you have complete control over it. Most networks allow you to run your own nodes and build your communities with your rules on top of existing platforms.
As the metaverse concept is still in its infancy stage, there is a massive untapped potential for a socialized metaverse. The Avatar integration is a perfect scenario of how Torum can unleash the possibility of owning a Metaverse identity on social media platforms.
Torum believes it is the solution to these four problems. Through the use of a social media platform the team believes it will be able to create a crypto-ecosystem that can connect blockchain and crypto projects and communities from all across the globe.
A social media platform should be able to maintain community engagement in a number of ways and by bringing together all the cryptocurrency enthusiasts worldwide into one ecosystem Torum will build a platform that will reach the necessary critical mass to become self-sustaining.
As we have already seen from other social media platforms they are both scalable and offer multiple streams of revenue. At this point the Torum team has identified 10 different utility features and potential revenue streams, which we will go into greater detail about below.
Based on Binance Smart Chain, Torum seeks to build the first crypto social media platform that is fully integrated with NFT and DeFi functionalities. Cryptocurrency users can stay connected with one another and gain access to every crypto-centric service on Torum.
We are also incredibly bold to experiment with the latest crypto innovations like DeFi and NFT. We are launching our own NFT marketplace and DeFi platform to provide our community access to all of these crypto-centric services. These integrations are going to keep our community coming back for more. It all comes down to what you can provide to the community. These are the two things that I think Torum does better than every other social media peer out there.
The Web 3.0 ecosystem is built on a social media platform at its core, integrated with a yield farming hub for DeFi players, an NFT marketplace for crypto artists and Avatar NFT for Metaverse enthusiasts.
These platforms correspond to the most common social media platforms you find on the web, i.e., Facebook, Instagram, Youtube, etcetera. These networks have a centralized constitution, where rules and policies emanate from a central vision.
Most social media networks out there apply strong censorship policies. Due to this, many users are leaving these platforms to migrate to other decentralized social media networks where freedom of expression is the cornerstone.
Minds is an open-source network where users can speak freely. This characteristic is its main difference compared to centralized platforms or even common social media industry channels. Still, Minds prevents fake news from spreading and provides real-time access to all the data shared on the network.
This decentralized social media platform is a network focused on social finance. It is built on Polkadot and features built-in crypto monetization through smart contracts, tipping, ads, etc. This site is the first social network platform to pay special attention to cross-chain interactions and shared data between dapps.
As a social blockchain platform, SocialX has remarkable differences compared to other crypto social networks: SocialX features superlikes. Thanks to this, SocialX will reward you with tokens of its pool every time you receive a superlike. This benefit helps to create an increasing community of creators who win power and earn money according to the quality of content.
The world and community building are looking for better social media options. A change is necessary since online communities need free-censorship spaces to share everything they want with other users. In this regard, Flote is a free port for individuals who want to build meaningful relationships on the web.
PRESS RELEASE. Torum, a social media platform specially designed for cryptocurrency users, is proud to announce that the project is now backed by some of the most promising VCs in the crypto industry.
Based on Binance Smart Chain, Torum seeks to build the first crypto social media platform that is fully integrated with NFT and DeFi functionalities. In short, crypto addicts can stay connected with one another and gain access to every crypto-centric service on Torum.
Torum is a social media platform that is specially designed for cryptocurrency users. Placed in the top 50,000 Alexa Rank, Torum has become one of the most popular hangout spots joined by over 29,000 crypto addicts from every corner of the world.
One company that is a leader in the SocialFi space is Torum. Torum is the first SocialFi ecosystem created for crypto users. Their ecosystem includes a crypto-friendly social media platform, NFT marketplace, yield farming platform and Avatar NFT.
While a number of crypto-centric social platforms have existed before Torum, they fall short of the expectations of the crypto-community, when they over-focus on censorship resistance, free speech, and data privacy.
SocialFi is an inventive new way to monetize social interaction and allows friends to connect and learn more about the crypto space. Users can unlock a brand new way of interacting with the community and new blockchain projects by exploring the metaverse created by combining social media and finance. SocialFi makes it easier for newcomers to enter an otherwise intimidating space through a socially charged community that advocates blockchain and blockchain-related projects.
Launched in July 2020, Torum (XTM) is a unique Metaverse social ecosystem and platform with the goal of connecting cryptocurrency enthusiasts worldwide. Torum features a blockchain-based social media platform with over 200k active users at writing.
Launched in September 2021, Monsta Infinite (MONI) is another highly underrated Metaverse crypto game and p