Ethereum-based social community Sapien has unveiled updates to its platform, in addition to a partnership with the preliminary alternate providing
Ethereum-based social community Sapien has unveiled updates to its platform, in addition to a partnership with the preliminary alternate providing mission, Matic Community.
“After a number of months of improvement, we’re launching the following launch of our platform, known as Alpha Persei,” Sapien Community co-founder and CEOAnkit Bhatia instructed Cointelegraph in an interview.
“This can be a revamped platform throughout the board,” he mentioned, highlighting new elements reminiscent of Portis pockets integration and rewards engine reconstruction. Sapien additionally secured placement on KyberWidget, permitting buying and selling between Sapien (SPN) tokens and Ether (ETH), in keeping with a press release.
Sapien partnered with Matic Community for future developments
Sapien additionally introduced a collaboration with Coinbase-backed Matic Community, a blockchain scalability platform that garnered over $5 million in capital throughout its April 2019 preliminary alternate providing.
“We need to use their know-how to construct a scalable decentralized Net three social community, and their know-how will assist us do this,” Bhatia mentioned of Matic, including:
“We’re utilizing Matic sidechains — they’re a plasma-based proof-of-stake (PoS) chain — to principally energy our charging and inside promotions on the platform. So, will probably be used as a substitute of the mainnet to ship transactions, to ship ideas, to advertise prime quality posts and feedback.”
“Will probably be the infrastructure that we need to construct on that’s way more scalable than the mainnet,” he added referring to the platform’s present Ethereum-based community.
Sapien positions itself as a blockchain-based social media various
Sapien’s social media platform is similar to a blockchain-based model of Reddit — with a number of added options, functionalities and capabilities, Bhatia defined. The platform is concentrated on consumer’s privateness, whereas involving elements of incentivization. Bhatia added:
“In a single sense, we’re a Net three social community. In one other sense, we’re making an attempt to kind of appropriate among the wrongs of prior social networks by constructing a tokenized blockchain-based social community that’s way more clear than the mainstream opponents.”
If massive gamers reminiscent of Fb proceed to leak personal knowledge, individuals could start to query the implications of their present social media utilization. This in flip might enhance the market share of blockchain-based alternate options.