Blockchain social network, Solcial is pleased to announce the official launch of its protocol on the Solana mainnet. This will see the blockchain space embrace a unique initiative that offers users an avenue to share content while earning rewards in return.

Solcial is a web3 social incentive platform that is based on the Solana blockchain. The platform is on a mission to help blockchain users increase their value while creating and sharing content. Following the launch of the mainnet, the project appears to be making a breakthrough entry into the industry as it registers over 1200 users. Nonetheless, the platform is moving to further expand its reach as it revealed that it is currently rolling out its iOS and Android apps.

Being a promising platform that provides an exceptional reward system, Solcial is betting big on Web3 creators and enthusiasts who want to explore new possibilities and new sources of income.

Per the announcement, Solcial revealed that it is set up to provide content creators with a censorship-resistant, decentralized platform where they can confidently monetize their content without disruption. The protocol will leverage the support of the Solana network to provide users with a fast, convenient, and low-cost experience that stands out from other networks of its kind.

Per the announcement, Solcial adopts a subscription investment model that allows content creators to mint and sell their tokens as a way to monetize their talents. Additionally, these creators can choose to hide the content behind a paywall if they want only holders of the specified number of tokens to be able to access it.

In an attempt to build a more interesting and rewarding Web3 generation, the platform offers unique social utilities, as it also allows each user to mint and display NFTs directly on the platform. Solcial’s communications lead, Parker Hoeppner, commented on the inspiration behind the birth of the platform, saying;

“We felt that the Web3 crypto generation needed a platform that was not just built with some crypto features, but was purely focused on crypto. As we look at new ways in which we can be decentralized and censorship resistant, we trust that creators will take comfort that their revenue streams will not be interrupted by sudden bans or demonetization tactics that the Web2 platform has implemented.”

Notably, in addition to content creators, fans also have the opportunity to generate revenue streams on the platform after staking the content provided, all thanks to Solcial’s incentive structure. Parker Hoeppner elaborated on this by saying;

“We didn’t want to just build a social network where creators get paid, we want to even give their fans a way to earn. Completely changing the incentive structure from keeping your attention to finding new ways to provide value.”