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Blockchain Based TikTok Competitor Receives Investment From Alpha Sigma Capital

Hyprr, a social media application on the blockchain, is looking to challenge TikTok by offering more monetization options on top of control for its creators, a press release notes. It has just received an investment from Alpha Sigma Capital

It’s a platform that inspires influencers to build content with “easy-to-use paywall features” that are then supported through advertising. These users will generate income through getting likes or shares on their content, as well as the native advertising.

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From there, users can turn their tokens into their local fiat and withdraw it via a debit card, among other things. These wallets are secure via a platform called Fireblocks, a “multibillion-dollar crypto custody and transfer application for both institutional and retail clients,” the release states.

Speaking on the matter is Enzo Villani, the CEO of Alpha Sigma Capital, who said:

“Currently, many talented content creators and influencers on Youtube, Instagram, and TikTok are fighting to stay alive as these organizations squeeze creators on their revenue-share. Hyprr solves those problems, by creating a digital assets monetization system that can leverage efficiencies of blockchain, therefore, allowing more creators to continue to generate income without the harsh thresholds used by these other services.”

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