The blockchain social platform taking the internet by storm

In recent years, popular social media platforms have become very profitable. Instagram, which Facebook acquired for just $1 billion, is now worth over $100 billion. Snapchat is worth $120 billion, Pinterest has recently been worth over $50 billion, and TikTok is now worth $100 billion. The huge potential of photo and video sharing platforms has captured the attention of the public and attracted huge investment. Today, most social networks are organized and operated on the basis of a “creator economy” where users contribute content and participate in social activities. These social networks have centralized revenue models where the platform makes a fortune at the expense of user data and privacy. Real content creators are not compensated nor recognized.

Pixie is the world’s first fully functional decentralized photo and video sharing social network based on the economics of blockchain crypto. Pixie, like a crypto version of TikTok or Instagram, encourages users to create high-quality content and interact constructively with fellow users, so all content within Pixie can be traded effectively. Pixie’s “earn social crypto” concept should not be just a slogan but a benign value motivator based on users’ social behaviors. It should guide users to contribute more valuable content and activities to Pixie. Pixie is creating a new “Creator Cryptoeconomy” model that is very different from the centralized revenue models of other social networking platforms that monetize users’ data and violate their privacy. Pixie will work with all of its users to build and develop a decentralized social network where users can manage and share earnings together.

Pixie believes that high-quality content can enhance more social activities such as likes, comments, reposts and traffic data. Regular content will not get as much or even no attention, and may reduce engagement on the platform. Thus, higher quality content that receives more social activity should earn more of the original PIX token. Additionally, Pixie believes that if a post receives more likes and reposts, also known as high-quality content, users who have previously liked or reposted it will receive more PIX than a post with a very small number of likes and reposts. , or plain content. Even users who like it or repost it too soon won’t receive as many PIX as possible. In this way, high-quality digital content will be rewarded as well as users who have engaged in valuable social activities around the content at the early stage. In Pixie, a user’s influence or weight in the platform is presented by the amount of PIX they have. The higher the weight, the more PIX rewards for each social activity and the more rights and interests they will have in the app. To discourage abusive social activities such as random liking and posting, Pixie created the concept of energy management. In Pixie, every social activity consumes energy, and once energy is used, users cannot participate in any other social activities until their energy is automatically replenished over time.

Pixie integrates NFTs into its social media platform where every photo, video, music and digital artwork can easily be transferred to the NFT. This will completely protect your User-Generated Content and property rights. Taking advantage of the simplified trading and public verification process of NFTs, Pixie will soon launch an NFT exchange that anyone can participate in.

Pixie introduced an innovative concept of NFT and built an innovative application around it. Currently, how to price NFTs fairly presents challenges for the market. Traditional physical artworks have their own pricing mechanism, but how should NFTs be priced? At Pixie, how should we set the price of digital content posted by users? Pixie believes that NFT User Generated Content has sentimental value that includes the intrinsic value of content creators, participants and social interactions around the content. Therefore, Pixie has transformed the way NFT pricing combines digital content with its social data to integrate the value of creation with the social aspects of digital content. During this process, users who participate in the content will be rewarded. Pixie uses the value of social interactions received within seven days after posting the NFTs as the reference value for the NFT. Pixie believes that high-quality digital content can be impactful and generate more value based on more engagement. Thus, Pixie rates NFT prices through social interactions. Pixie will be the first NFT-based social media platform to price NFTs with inherent social value and trade them efficiently.

pixie

By trading PIX, Pixie will support value monetization for PIX owners. At the moment, Pixie is promoting its listing on Tier 1 exchanges, with the aim of enabling every Pixie user to trade PIX as soon as possible.

Of course, users will be very interested in the PIX trading price after it is listed. The more users and social interactions Pixie has, and the better the quality of the content, the higher the price of PIX. At this point, you definitely realize that the value of PIX comes from every digital content creator and participant in social interactions, and that the higher price of PIX will benefit every user.

Pixie has created a new digital world to earn social cryptocurrency, similar to the concept of playing to earn at GameFi. Will it take the internet by storm? We will witness together!

Pixie is now available on Google Play and the Apple Store. You can visit the site and join Pixie now!

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