Million, the new SocialFi platform is set to launch by the end of 2022 with the aim to disrupt the content creation ecosystem in the Middle East and usher it into a golden age.
Million is a social media application that holds a unique market position sitting at the intersection of community, the creator economy and the emergence of Web 3.0. Million is the next generation of social media platforms relying on a decentralized finance model and digital ownership for users on the content they create and monetize.
It is dedicated to content creators, giving them the freedom to create exclusive yet profitable content and foster a whole new decentralized economy around them.
Built on a robust E2E (engage-to-earn) economical model, there is currently no “creator economy” platform like Million that promises a fully sustainable strategy and pushes the boundaries of a creator-driven and tokenized economy in support of the ever growing content creation industry.
“There has been a true paradigm shift unfolding with the introduction of cryptocurrency enabled by blockchain technology.” says Julien Hawari, CEO “The tokenization of business is fueling the ability to create new economies, and Million is perfectly positioned to enter this world.”
Because of the disparity between high engagement and poor revenue, many content creators have been looking for new ways to control their content and monetize their channels. A DeFi-based solution like Million offers just that as it gives creators digital ownership and direct control over their financial connection with fans, hence a direct engagement monetisation. Therefore, the platform cultivates proximity habits within a vibrant community and encourages collective ownership making the prospects for value creation and sharing limitless.
The E2E model will allow celebrities, stars, influencers, key opinion leaders and their biggest fans to come together to create, collaborate and share content through a hyper-engaged experience while generating passive income.
Its gamification strategy, incentives, and user journey will unlock digital and physical benefits through a tier status program, bringing together content creators and consumers for the first time. One of the benefits would be subscribing to a whitelist entitling a member to utilities and exclusive privileges post-mint, such as access to an NFT collection pre-sale.
Million is linked to a digital wallet with its own token named Milz, while content creators can create their own social token which value comes from belonging to the community. Their followers can therefore receive tangible and intangible products and services like NFTs, exclusive access, items and more in exchange for their money. Fans can buy these fandom-tokens and hold onto them as they rise in value, and then sell them for a profit.
“At Million; we believe in digital ownership enabled by blockchains to be the method to transform the creative industry for both creators and fans in the Middle East” stated Franck Mandon, COO “ We aspire to offer the benefits of blockchain technology while providing a best-in-class user experience” Mandon concluded.
Million is the first NFT-powered social media platform in the Middle East that offers celebrities and fans unparalleled connection, transaction, and monetization.
It introduces a new economic model, the “Engagement to Earn” (E2E), that aims to reward fans and enhance engagement with celebrities. With this approach, Million empowers the creator economy with a decentralized model, which is secure, fair, and sustainable. It offers direct communication between fans and celebrities and fosters community building and collective creation. Million revolutionizes the relationship between creators and community by tokenizing it and changing the way they transact. The platform uses blockchain technology to alter the chain of trust and removes the gatekeepers to build the community-driven economy. Million is set to be the next social media platform for content creators who want to break free from an existing model and build a whole economy around them as it shifts the power dynamics from the platforms to the creators and their communities, whereby fans can feel proximity, exclusivity and priority over the rest of the public.