Specializing in the Arab world creator economic system, Million is aiming to unlock this financial alternative within the area and contribute to reshaping its ecosystem because of the blockchain expertise.
With the emergence of Net 3.0, the creator economic system grew to become one of many fastest-growing ecosystems on the planet as media has grow to be extra decentralized than ever. It’s now a multibillion-dollar business, having reached $104.2 billion in 2022 and anticipated to achieve $200 billion in 2024.
Globally, the MENA area has one of many highest penetration charges of social media platforms and is taking part in a key position within the content material creator economic system. As we speak, greater than 82% of the folks in Saudi Arabia use social networks as a part of their each day lives whereas the UAE is dwelling to over 9 million residents with 98% of them being energetic on social media. Therefore, it comes with no shock that the area is quickly embracing and adopting the blockchain and web3 applied sciences.
These applied sciences provide distinctive advantages and alternatives that may assist creators each in monetization and group engagement. They grant customers possession of their knowledge and supply content material creators and the communities with the chance to monetize the eye that they offer and obtain. The ability of social media therefore turns into within the fingers of the customers! By sitting on the intersection of group, the creator economic system and Net 3.0, Million takes a step additional by supporting the content material creators and their communities. When content material creators onboard on Million.one they maintain the digital possession of their content material, have the flexibility to make a passive earnings and might develop their communities based mostly on useful interplay and engagement.
“Creators are trying to find extra significant and value-adding methods to interact their fan base” says Julien Hawari, CEO, “Million, gives creators the chance to supply extra to their followers, together with monetary advantages as a remuneration for his or her engagement, but in addition for each creators and their communities to take part within the collective worth that they assist platforms create.”
Million is the following technology of social media. It’s the first SocialFi platform within the Center East to empower content material creators and group alike by monetizing engagement-driven social actions. The platform depends on a decentralized mannequin and grants customers digital possession of the content material they create and monetize. With its Have interaction-to-Earn income mannequin, the time spent on social media sharing, liking, taking part in or else is rewarded. Million goals this strategy to incentivize each customers and content material creators to the group development optimizing their income through this community impact.