Chairman of Hong Kong cryptocurrency exchange HashKey: China will open its cryptocurrency market within 2 years at the fastest.
In recent years, the rapid rise of the cryptocurrency market has not only driven technological innovation but has also become an important battleground for policy games among various countries.
Web3 Creator Economy
Web3, as the exploration direction of the next generation internet, is based on the core concepts of decentralization, user self-management, and data ownership. This transformation has had a profound impact on the creator economy.
Data ownership and assetization: In Web3, creators can truly own their data and creative content, managing and trading them as digital assets. This helps creators better protect their intellectual property and directly gain economic benefits from their creations.
Decentralized platforms: Web3 platforms typically have decentralized characteristics, meaning no single entity can control or monopolize the platform. This provides creators with more choices and opportunities to showcase their work across multiple platforms and establish more direct connections with fans.
Smart contracts and incentive mechanisms: Web3 achieves a fairer and more transparent incentive mechanism through smart contracts. Creators can set their own revenue distribution methods through smart contracts, ensuring that the revenue they earn from their creations is fairly distributed.
SocialFi Ecosystem
SocialFi is a new business model that combines social media and decentralized finance (DeFi), representing a new paradigm for social media in the Web3 era.
Monetization of social capital: SocialFi provides new pathways for monetizing social capital by introducing the concept of social tokens and in-app utility tokens. Creators and fans can participate in the platform's economic development and gain economic benefits by holding and trading social tokens.
Decentralized governance: In the SocialFi ecosystem, decentralized governance structures ensure the fairness and transparency of the platform. Related matters will be decided by the community associated with the platform through decentralized autonomous organizations (DAOs), which helps ensure that the platform's long-term development aligns with the community's interests.
Diverse incentive mechanisms: SocialFi encourages creators and fans to actively participate in the platform's ecological development through diverse incentive mechanisms. For example, creators can issue their own social tokens to incentivize fans to engage and promote, while fans can gain more rights and rewards by holding social tokens.
Since its debut in 2018, Contentos has completed multiple tasks and achieved many important milestones.
2018: Demonstrated Contentos's enthusiasm for promoting Web3 knowledge to the public.
2019: Contentos officially launched its mainnet and introduced the COS.TV platform, combining content creation with economics. In addition, the COS token was listed on major exchanges such as Binance, Biture, and Coinone. After the mainnet launch, a total of 234,639 new accounts were created and 3,226,846 transactions were made.
From 2020 to 2022: COS tokens were successively listed on CEXs such as Bithumb and Gate.io, as well as on DEXs like Pancakeswap, allowing users to trade, swap, and stake COS tokens for profit. During this period, Contentos launched a series of new features, including Video NFTs, exclusive content for fans, DAOs, NFT avatars, and the metaverse product COS.SPACE and the virtual reality world exhibition World EXPO Demo.
2023: Contentos celebrates its fifth anniversary and, with the explosion of AI technology, integrates more AI into COS.TV. Meanwhile, Contentos launched the Channel VIP Beta version in November, entering the SocialFi space.
2024 Contentos Development Roadmap: Expanding SocialFi
On January 12, 2024, the Contentos Foundation released a new development roadmap, further focusing on the construction of SocialFi. The roadmap covers three major areas: ContentFi, SocialFi, and the metaverse.