Press release
In recent years, popular social media platforms have become lucrative. Instagram, which was acquired by Facebook for just $ 1 billion, is now worth more than $ 100 billion. Snapchat was valued at $ 120 billion, Pinterest was recently valued at over $ 50 billion, and TikTok is now worth $ 100 billion. The enormous potential of photo and film sharing platforms has drawn public attention and attracted large investments. Most social networks today are organized and operated on the basis of a “creative economy” in which users contribute content and take part in social activities. These social networks have centralized revenue models where the platform generates assets using user data and privacy. Real content creators are never compensated or even recognized.
Pixie is the world’s first fully functional decentralized social network for sharing photos and movies based on blockchain crypto-economy.
Pixie, like a cryptocurrency version of TikTok or Instagram, encourages users to create quality content and interact constructively with other users so that all content can effectively circulate in Pixie. The concept of “Social Cryptocurrency Monetization” in Pixie shouldn’t be just a slogan, but a benign value incentive based on the social behavior of its users. It will guide users to contribute more valuable content and activity to Pixie. Pixie is building a brand new “Creator Crypto Economy” model that differs from the centralized revenue models of other social networking platforms to monetize user data and invade their privacy. Pixie will work with all of its users to build and expand a decentralized social network where users can jointly manage and share profits.
Pixie believes that higher quality content can lead to more social activity like likes, comments, reposts, and traffic data. Regular content doesn’t attract much or no attention and can even reduce engagement on the platform. Hence, higher quality content that receives more social activity will receive more native PIX tokens. In addition, Pixie believes that if a post receives a larger number of likes and retweets, if a post receives a larger number of likes and retweets, high quality content is normal. Contents. Even users who liked or retweeted it very quickly didn’t get a lot of PIX. In this way, high-quality digital content is rewarded, as well as users who engage in valuable social activities related to this content at an early stage. Pixie introduced user influence or weight on the platform according to the amount of PIX they hold. The higher the weight, the more PIX are rewarded for each social activity and the more rights and advantages you have in the app. To prevent abusive social activities such as likes and random posting, Pixie developed the concept of energy management. In Pixie, all social activities consume energy and once the energy is used up, the user cannot participate in any further social activities until their energy is automatically replenished at the time.
Pixie integrates NFT with its social media platform, where photos, movies, music and digital artwork can be easily converted to NFT. This means that user-generated content and property rights are comprehensively protected. Taking advantage of the streamlined trading and public verification process for NFTs, Pixie will soon open an NFT exchange that anyone can participate in.
Pixie introduced an innovative concept of NFT and designed an innovative application around it. The fair pricing of NFT is currently a challenge for the market. Traditional physical works of art have their own pricing mechanism, but how should NFTs be valued? At Pixie, how should we price user-published digital content? Pixie believes that NFT user-generated content has sentimental value that encompasses the intrinsic value of the content creators, participants, and the social interactions surrounding the content. As a result, Pixie has changed its NFT rating methodology to combine digital content with its social data to combine the creative value with the social aspects of digital content. Users who deal with the content are rewarded. Pixie uses the score of social interactions obtained within seven days of the NFT being published as the reference score for the NFT. Pixie believes that higher quality digital content can have greater impact and value because of more engagement. This is how Pixie values NFT through social interactions. Pixie will be the first NFT-based social media platform that trades NFTs with an inherent social value at reasonable prices and efficiently.
Through PIX trading, Pixie will help monetize value for PIX holders. Currently, Pixie is promoting PIX, which is listed on Tier 1 exchanges, with the aim of getting every Pixie user to start trading PIX as soon as possible.
Of course, users will be very interested in PIX’s trading price after it’s listed. The more users and social interaction and quality of content Pixie has, the higher the price of PIX will be. At this point, you definitely understand that the value of PIX depends on everyone who creates digital content and people who participate in social interactions, and a higher price of PIX will benefit every user.
Pixie created a whole new digital world of social crypto monetization, similar to the concept of earning in GameFi. Will it take the web by storm? We shall see together!
Pixie is available now on Google Engage in and in the Apple Shop. And you can now go to the world wide web and join Pixie!
