–News Direct–
Coinsilium Group Limited (AQSE:COIN, OTCQB:CINGF) Eddy Travia provides an update on Byzance, a Web3 social network ecosystem project, in an interview with Proactive's Stephen Gunnion.
Travia explained that Web3 represents the next stage of the internet, aiming to decentralise social media, offering users control over their content and private data, differing from the centralised nature of current Web2 platforms. Byzant focuses on enhancing user control and monetisation methods for content creators.
Travia said Coinsilium is collaboratively actively with portfolio company Indorse, a blockchain technology studio, and A-ADS, a pioneering crypto advertising network, to address the challenges of Web2 and transition to Web3. The project includes Adbazaar, a platform concentrating on smart contract-powered advertising, enabling more user benefits.
Adbazaar aims to facilitate on-chain targeting, an innovative approach in advertising that utilises publicly visible wallet assets to tailor advertisements. This collaboration extends to Singapore-based company, Linkko, highlighting Byzant as an ecosystem comprising various applications to support Web3 companies.
Advertising, pivotal in Web2's social media industry, is seen as underdeveloped in Web3, with platforms like Adbazaar positioned to pioneer this sector.
Travia also touched on the progression of Byzant, mentioning that several applications are in development or test mode, with a focus on Adbazaar as the next significant phase.
Contact Details
Proactive UK
+44 20 7989 0813
UKEditorial@proactiveinvestors.com
View source version on newsdirect.com: https://newsdirect.com/news/coinsilium-ceo-eddy-travia-discusses-byzant-and-the-future-of-web3-social-media-846015589
Coinsilium Group Ltd
COMTEX_449602096/2655/2024-03-21T11:48:37
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Current Hue journalist was involved in the writing and production of this article.