Sam Bankman-Fried, the CEO of FTX, backs Trustless Media. A company that gives out NFTs for the programs it makes. The company has raised $3.25 million from the public to fund Web3 programs. They call the idea “NFTV.”
Even though there is a lot of doubt and wariness about crypto and NFT, many people still think the technology behind them could change the world. In Trustless Media’s system, people can buy tokens to get a piece of the shows they are making. At last, people will be able to see how ideas are made.
Creators have been complaining for a long time that commissioners don’t know what they want or what the public wants. This method gives commissioners a chance to hear what the public wants, which could help them decide where to put money.
If the show airs, fans of the idea will also have a piece of it.
People are saying that the idea of Web 3 is like Indiegogo and Kickstarter from Web 2, but for the next generation. The company was started by Zack Guzman, who used to work as a reporter for both CNBC and Yahoo Finance.
Guzman hosts Coinage, a Web3 news show that Truthless Media hopes to be the first show to air this fall.
After the first season is over, Trustless Media will put out a 9,000-piece NFT collection called Caucus to help keep the show going and set the story’s direction. There will also be “Subscriber NFTs,” but minting these won’t cost anything. The company doesn’t want to artificially raise the price of its tokens so that prices don’t change a lot.
Guzman told TechCrunch, “I feel like a lot of NFT drops are focused on minting out so the price goes up.” “Or, more recently, there have been a few drops where the creator chooses who gets the first NFTs or who may mint.” “There isn’t much openness or leaning toward decentralization.” So, with the trust experiment, we’re trying to figure out how a group of people can trust each other.
Ava Labs and Megan Kaspar, who started the fashion company Red DAO, also put money into Trustless Media’s seed round.
Billium, a bitcoin exchange, is another company that is trying to make some of the web 3 processes easier and better.
Billium, like Trustless, is trying to show that it is different from other exchanges by having rules that say people can start trading cryptocurrencies even if they don’t know what they are or have the tools to analyze them.
They are also starting to get ahead in a world that is always changing. This is especially true in the very competitive world of cryptocurrency exchanges.
Ilya Angelov said of the current market, “Getting the first customers was the hardest part.” New cryptocurrency exchanges have to deal with the fact that the market is very competitive. And if you want to stand out, you have to offer something new. We offered copy trading, which was well received.”
“This “NFTV” idea could be profitable because it could shake up the TV market and make TV more relevant.” Change is happening everywhere, but some people only think about the price of crypto when there are so many other things to think about.
Like Truthless, Billium is completely regulated in Dubai, UAEUAE +0.4%, and it plans to grow outside of the country into many other places. Billium uses copy trading, which means that people who use the site will be able to copy the trades that other investors make. In the same way as Truth or Dare, NFT pickups will reveal which program ideas were the most popular.
Billium wants to get to 100,000 active users in Turkey and Russia, get a license in Europe, and keep working on the $BILBIL T native token.
Both Truthless and Billium agreed that digital security is important for building user trust, which is a key to any kind of success. As more people around the world learn that web 3 scams have been successful in some places, businesses are being more careful and doing more research than ever before to stop illegal activities.