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Decentralized content ecosystem Contentos has launched its mainnet blockchain this week which will allow users to officially start content mining on its video platform, COS.TV.
Backed by Binance Labs, IDG Capital and others, Contentos aims to create a decentralized content ecosystem, where assets can be freely produced, authenticated, and distributed. It incentivizes the global community of content creators to produce, trade, and distribute digital content, while protecting author rights, which are stored on a public blockchain.
Contentos said that its testnet phase saw more than 32,400 account registrations and over 865,000 total transactions recorded on the Contentos blockchain. In addition, the testnet phase also saw increased traffic across all of Contentos’ dApps including PhotoGrid, COS.TV, Cheez, and LiveMe. In all, there were more than 60,000 transactions, or testnet user activities such as uploading social media posts, liking or commenting on other users’ uploads.
“Launching the Contentos mainnet is a major accomplishment for our team. Our results from the testnet are already showing an increased demand for decentralized and monetized social media. Many of the dApps in our ecosystem reward users for the time they spend using our apps, whether it be watching a video, streaming, playing a game or even walking,” Mick Tsai, CEO of Contentos said.
With the mainnet launch, developers can now build their own dApps on top of Contentos’ network to further help social media users earn money from their social media activity. Developers can also develop tool kits, create software development kits, or build wallets.
According to a press release, Bep2 holders can convert their tokens into mainnet COS tokens to receive larger voting powers, and earn a higher stake of daily COS rewards.
Contentos said that it is seeking a total of 21 block producers to run the Contentos infrastructure and ensure smooth operations of the ecosystem. Block producers would also become Contentos Council members, responsible for making important and strategic governance decisions. Block producers can earn content ecosystem rewards and revenue from selling shares in their gifting vote.
Contentos’ integration of the mainnet into their dApps will roll out over the coming weeks, with the integration of PhotoGrid capping off the rollout on October 9.
Developers can test the mainnet and identify any issues for a potential reward at github.com/coschain. Users and developers will be able to test the mainnet product on Contentos’ blockchain at cos.tv.
Just recently, Contentos joined PUBLISHalliance, the media enterprise consortium responsible for the future direction and governance of the PUBLISH ecosystem.
