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India’s First Blockchain and News Platform by Wortheum Launches Web3-Based Ad Network

India's First Blockchain and News Platform by Wortheum Launches Web3-Based Ad Network

Lucknow, Uttar Pradesh, India (NewsVoir) Web3 is not only a new fundamental layer of the World Wide Web, it is a fundamentally new approach to corporate governance, value creation and stakeholder engagement with interests in mind. It provides an opportunity where people are not just products or beneficiaries of technology-based business models, but creators and owners of unique digital assets. Wortheum Ad Network will be the architect of a global revolution in the world of advertising through Web3 and blockchain technology. Now is the time for web3, and the future belongs to decentralized advertising. – Ashutosh Singh, CEO of Wortheum. The Wortheum Ad Network Platform is a unique revenue model for Wortheum platform users to create a P2P economy model for Worth coins. Lucknow/Delhi, 24 November. The Wortheum ad network, the first of its kind in web3, is now officially launched. Ashutosh Singh, CEO of Wortheum, said on this occasion that the Wortheum ad network will be the architect of a global revolution in the world of advertising through Web3 and blockchain technology. Now is the time for web3, and the future belongs to decentralized advertising. He went on to explain that when we talk about Web2, there is a strange maze of ads in Web 2, not only for those who watch ads, but also for those who buy and promote ads. It is known that the entire advertising ecosystem rests on some large Internet companies that reserve most of the benefits for both the advertiser and the user of advertising. Small advertising companies are no exception either because they are also centralized, it simply means that most of your advertising revenue goes straight into their pockets and this sometimes creates a strange situation in media and marketing strategy. Not only monopolists, but web2 users also face the problem that in many cases, social media platforms also sell user data to advertising companies, which violates their privacy, and marketers use their personal information. After the advent of Web3, this whole advertising ecosystem is completely changed. The solution to change the advertising culture is now available in the web3 decentralized advertising network. This ad network is powered by the Delegated Proof of Stake blockchain-based news platform and also runs on its news network. Its biggest advantage is that the advertiser will not have to worry about their ads being restricted or removed from the platform for no reason because all advertising activities are done on this platform. Only the administration of the ad network will approve and track the ad without any advertiser identification, which simply means that the quality of the ad will decide whether it is good enough for mass users to view or not. Users of this decentralized ad network based on blockchain technology also have the advantage that blockchain technology does not store the personal data of its users. In addition, there are no fake accounts or bot accounts on this decentralized news network, and the advertiser has the advantage that whoever sees his ad is actually a human and not a computer bot. Vishal Verma, CTO of Wortheum Given some technical details about the Wortheum advertising network, said that this network works in such a way that WortheumBlockchain will issue its coins for its users who are journalists or news readers and place ads on the Wortheum news platform or newsroom. network, an ad user will need to buy coins from an exchange or from users who earn those coins by spending their time creating or curating news from around the world. The Coinstore exchange is the right place to buy a coin to advertise on the ad network, as most users sell their coins directly for exchange. Advertisers pay the ad network by buying coins bought from the market and thus indirectly distribute the profits among all active network members. It will be the best experience for all journalists and Wortheum users. Advertising directly affects the price of the coin, as the ad network receives the Wortheum coin (WTH), since the payment to the Wortheum ad network will be burned from time to time, which will reduce the supply and increase the demand for coins. Dr. Sindhu Bhaskar, Advisor to Wortheum, Chairman of EST Global Inc and CIC, Massachusetts Institute of Technology, Cambridge, USA, on the occasion of the launch of the Wortheum advertising network, said that Wortheum is a Web3-based journalism platform where we create news and then curate its readers with the blockchain consensus model. The result is real and truthful news for everyone, and the depositor is rewarded in the form of Wortheum coins. He also stated that Wortheum has now developed the Wortheum advertising network platform. This is a unique revenue model for the Wortheum blockchain and its users when creating a P2P economy model for Wortheum coins. Ads will be posted against Wortheum coins. Either Wortheum coins are purchased from the exchange, or Wortheum coin holders who collect ads from customers can sell their own coins to facilitate the publication of an ad. This is a true decentralized model with the highest level of trust.

(This story has not been edited by the Devdiscourse staff and is automatically generated from a syndicated feed.)

Written by khirou

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