Los Angeles, CA, February 7, 2024, Chainwire

Necessary factors

• Focus, a revolutionary new decentralized SocialFi app, raises $75 million in a single week
• Give attention to subscription platform rivals corresponding to OnlyFans and Patreon, a multi-billion greenback business.
• Customers can reserve with DESO, BTC, ETH, and so forth. and get a 90% bonus on $FOCUS tokens for a restricted time

Focus, a brand new decentralized SocialFi app constructed on the DeSo blockchain, has created a stir within the cryptocurrency business by amassing over $75 million in token reservations in its first week of launch.

This unprecedented achievement not solely demonstrates the platform's potential but in addition displays the rising curiosity in decentralized social media.

Focus (focus.xyz) is constructed by DeSo, a group that has raised $200 million from Coinbase, Sequoia, a16z, Polychain, and different high funds. We purpose to disrupt the multi-trillion greenback social media market and creator financial system by introducing breakthrough options that rival these of X, Onlyfans, and Patreon.

The entire addressable market on this house is substantial, with OnlyFans projected to course of roughly $8 billion in 2023 whereas charging a 20% transaction charge. These excessive charges are considerably lowering earnings for creators, highlighting the necessity for extra equitable options.

Focus combines one of the best of Onlyfans, Patreon, X, and different billion-dollar social platforms into one app, with permissionless, nameless, crypto-native monetization options not potential with Web2.

Constructed on the Decentralized Social (DeSo) blockchain, Focus stands out for its distinctive strategy to content material possession, creator monetization, and person engagement.

In response to this overwhelming achievement, Nader Al Najifounding father of DeSo and the visionary behind Focus, shared his insights:

“The response we've acquired has been nothing in need of superb. It's a testomony to our group's perception within the decentralized way forward for social media. Our platform isn't nearly reinventing social media. It's about… It's about empowering customers and creators like by no means earlier than. This milestone is only the start of our journey towards a extra decentralized social surroundings.” – Nader Al-Naji, Founder, DeSo Mr.

Focus' mission goes past conventional social media

Focus goals to revolutionize the way in which we work together on-line by offering creators with unprecedented monetization alternatives, mixed with superior AI instruments, whereas additionally tackling the challenges of censorship and content material authenticity. We’re aiming for

Due to the DeSo blockchain and its Revolution Proof of Stake system, Focus can retailer content material instantly on-chain for 1/10,000 cents per submit. That is less expensive than Solana at ~$1 per submit or Ethereum at ~. Over $100 per submit.

One of many key options that pulls customers to Focus is the chance to order $FOCUS tokens. The method is much like staking, however with a novel twist, permitting customers to order their tokens utilizing quite a lot of supported currencies corresponding to BTC, ETH, SOL, USDC, and DESO.

Focus permits anybody on this planet to develop into an proprietor, even earlier than launching the app. Think about proudly owning a meta or Twitter earlier than it's launched. Customers who take part within the early reservation interval will be capable of buy $FOCUS tokens and also will obtain a further bonus equal to the said quantity. It’s presently set at 90% and can lower by 5% every week till the app's launch. This can be a perk designed to reward early supporters and adopters of the platform.

The reserving course of is user-friendly and absolutely refundable, permitting contributors to confidently help the platform whereas sustaining monetary flexibility. As Focus prepares to launch its app, the thrill throughout the group is palpable. With its progressive strategy to tokenomics, Focus is poised to redefine the social media and cryptocurrency panorama.

To order tokens and obtain a 90% bonus of $FOCUS, potential customers should go to Focus.xyz and reserve funds by February eighth at 11:11 a.m. ET. The bonus will lower each week till the app is printed.

About Deso

DeSo is the primary and solely censorship-resistant layer 1 blockchain purpose-built to energy storage-intensive apps and scale decentralized social networks for mass adoption. Their mission is to decentralize social media in the identical method Bitcoin and Ethereum decentralized finance. DeSo has been closely adopted, boasting 2.6 million customers (wallets) and his 93 million transactions. With Focus, DeSo goals to usher in a brand new period of cryptocurrency with a cutting-edge client app that scales to billions of customers.

contact

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ed moss
deso basis
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