ASKfm announced ASKfm2.0 with the intent to monetize their question and answer feature which is similar to the US-based Quora site. ASKfm has 215m registered users and hosts 600m questions a month, claiming to be the largest Q&A social network in the world. More than 28% of the site’s traffic comes from Russia.
The blockchain solution will appeal to many enthusiasts because it targets the ‘new economy’. The intent to compensate contributors contrasts with the mainstream model where the likes of Facebook gain the economic benefit.
Maxym Tsaryk, CEO at ASKfm said: “Blockchain opens a path to democratic environments, to self-regulating economic models governed by market laws and mechanisms. We do not see the future for ASKfm, technologies and social networks without blockchain.”
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