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Own, a new social media app, aims to tokenize the creator economy
Own is the latest alternative to TikTok to emerge in the market, featuring blockchain technology and a token economy.
With the TikTok deadline to sell its U.S. operations now just two days away, a new decentralized social media app launched its beta to the public on Tuesday. With Own, we’ve built a system that levels the playing field and opens up real earning potential for creators globally,” he told TechCrunch. Rewarding creators with in-app tokens has become a common practice, particularly in regions outside the U.S. One example is Chingari, a short-form video app that has attracted over 180 million users in India.
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