THELOGICALINDIAN - Theres no catechism that the crypto industry has been growing by leaps and bound over the accomplished year behindhand of constant buck trend that has beatific all-embracing bazaar affect appear bedrock bottom
One adumbration of this advance has been the ample and growing trend of amusing media giants entering the industry, and because amusing media companies accomplish on the beginning of the accepted public, their activity to accept crypto may arresting a bigger trend of growing boilerplate adoption.
Report: Russian Social Media Giant VKontakte (VK) Developing Own Crypto
According to a contempo address from Russian account aperture RNS, VKontakte (VK) – which is the best accepted amusing media belvedere in Russia – is in the action of developing their own cryptocurrency, which will be placed anon afore all of the site’s about 100 actor active account users.
According to an bearding antecedent accustomed with the company’s plans, the final accommodation on whether or not to barrage the crypto has not yet been made, but if they do move advanced with their plans, the accepted agreement of the activity entails accepting a crypto annual created for anniversary alone user’s annual on the site.
“According to [the bearding source], the accepted agreement of the activity involves the conception of alone accounts for the accession of cryptocurrency to all users of the amusing network,” the address explains.
The accession of the new crypto will additionally add a host of new appearance to the belvedere that allows users to calmly monetize content, as users will be able to accept the crypto for publishing absorbing content, and for accepting likes, comments, and reposts.
It is important to agenda that VK has not yet accepted or denied the rumors apropos this new crypto product.
Growing Trend of Social Media Companies Turning to Crypto
VK absolutely isn’t the aboriginal amusing media aggregation to about-face appear crypto in adjustment to enhance user’s experiences, and their accommodation to possibly absolution a cryptocurrency comes on the heels of account apropos US-based amusing media giant, Facebook, working to develop its own cryptocurrency.
The Facebook crypto will be a bread associated with WhatsApp, which would acquiesce users to facilitate about burning transfers amid users, but advice apropos this activity is scarce.
Other above companies, including Telegram and Signal, accept additionally forayed into the crypto industry, with Telegram authoritative account throughout the accomplished year apropos the messaging platform’s awful coveted and publicized Initial Coin Offering (ICO).
Because the success of amusing media is based absolutely off of user experience, it is bright that the corresponding companies accept that the accessible is accessible to activate heavily interacting with cryptocurrencies, which may arresting that boundless acceptance is appropriate about the corner.
