A new type of social network, “BitClout” which is more of a crypto-exchange comes out of private beta tomorrow. Users here can buy & sell tokens based on people’s reputations. But the app, even before public launch, has become controversial as within abut a week, BitClout has reportedly earned US $160 million & attracted the interest of prominent investors. But, security firms are pointing to suspicious transactions patterns, warning of a scam.
Crypto social network BitClout arrives with a bevy of high profile investors, and skeptics – TechCrunch
While much of the recent wave of relentless hype around NFTs — or non-fungible tokens — has been most visibly manifested in high-dollar art auctions or digital trading cards sales, there’s also been a relentless string of chatter among bullish investors who see a future that ties the tokens to the future of social media and creator monetization.
Link: Crypto social network BitClout arrives with a bevy of high profile investors, and skeptics
via techcrunch.com
What Is BitClout? The Social Media Experiment Sparking Controversy on Twitter – coindesk.com
Prominent users of Crypto Twitter have suddenly discovered they have another profile on a new social network called BitClout, except over there some people are buying and selling tokens representing their identities. It does not matter whether the people behind those profiles have ever touched the social network.
Link: What Is BitClout? The Social Media Experiment Sparking Controversy on Twitter
via coindesk.com
