Los Angeles, CA, February 7, 2024, Chainwire
Important points
- Focus, a revolutionary new decentralized SocialFi app, raises $75 million in one week
- Focus on subscription platform rivals such as OnlyFans and Patreon, a multi-billion dollar industry.
- Users can reserve with DESO, BTC, ETH, etc. and get a 90% bonus on $FOCUS tokens for a limited time
Focus, a new decentralized SocialFi app built on the DeSo blockchain, has created a stir in the cryptocurrency industry by amassing over $75 million in token reservations in its first week of launch.
This unprecedented achievement not only demonstrates the platform's potential but also reflects the growing interest in decentralized social media.
concentration (focus.xyz) is built by DeSo, a team that has raised $200 million from Coinbase, Sequoia, a16z, Polychain, and other top funds. We aim to disrupt the multi-trillion dollar social media market and creator economy by introducing breakthrough features that rival those of X, Onlyfans, and Patreon.
The total addressable market in this space is substantial, with OnlyFans projected to process approximately $8 billion in 2023 while charging a 20% transaction fee. These high fees are significantly reducing profits for creators, highlighting the need for more equitable solutions.
Focus combines the best of Onlyfans, Patreon, X, and other billion-dollar social platforms into one app, with permissionless, anonymous, crypto-native monetization features not possible with Web2.
was built in decentralized social (DeSo) blockchain, Focus
stands out for its unique approach to content ownership, creator monetization, and user engagement.
In response to this overwhelming achievement, Nader Al Najifounder of DeSo and the visionary behind Focus, shared his insights:
“The response we've received has been nothing short of amazing. It's a testament to our community's belief in the decentralized future of social media. Our platform isn't just about reinventing social media. It's about… It's about empowering users and creators like never before. This milestone is just the beginning of our journey toward a more decentralized social environment.”
Nader Al Najifounder of Desseaux
Focus's mission goes beyond traditional social media.
Focus aims to revolutionize the way we interact online by providing creators with unprecedented monetization opportunities, combined with advanced AI tools, while also tackling the challenges of censorship and content authenticity. We are
aiming for
DeSo blockchain and thanks to it, Revolution Proof of Stake With this system, Focus supports direct storage of content on-chain at 1/10,000 cents per post. This is much cheaper than Solana at ~$1 per post or Ethereum at ~$100+ per post.
One of the key features that attracts users to Focus is the opportunity to reserve $FOCUS tokens. The process is similar to staking, but with a unique twist, allowing users to reserve their tokens using a variety of supported currencies such as BTC, ETH, SOL, USDC, and DESO.
Focus allows anyone in the world to become an owner, even before launching the app. Imagine owning a meta or Twitter before it's released. Users who participate in the early reservation period will be able to purchase $FOCUS tokens and will also receive an additional bonus equal to the stated amount. It is currently set at 90% and will decrease
by 5% each week until the app's release. This is a perk designed to reward early supporters and adopters of the platform.
The booking process is user-friendly and fully refundable, allowing participants to confidently support the platform while maintaining financial flexibility. As Focus prepares to launch its app, the excitement within the community is palpable. With its innovative approach to tokenomics,
Focus is poised to redefine the social media and cryptocurrency landscape.
To reserve your tokens and receive a 90% bonus on $FOCUS, prospective users should visit: focus.xyz Reserve your funds by February 8th at 11:11am EST. The bonus will decrease every week until the app is published.
About Deso
deso is the first and only censorship-resistant layer 1 blockchain purpose-built to power storage-intensive apps and scale decentralized social networks for mass adoption. Their mission is to decentralize social media in the same way Bitcoin and Ethereum decentralized finance. DeSo has gained significant adoption;
2.6 million users (wallets) and 93 million transactions.and concentrationDeSo aims to usher in a new era of cryptocurrency led by cutting-edge consumer apps that scale to billions of users.
contact
growth manager
ed moss
deso foundation
ed@deso.org
Source: the-blockchain.com
