1 month ago
Decentralized social network Newlife.ai has chosen the Telos Blockchain Network to deploy its smart contracts, bringing with it more than 70,000 visits and over 1.1 million transactions per month.
Newlife.ai say it wants to cooperate with the Telos Blockchain Network to empower content creators globally, providing “data dignity by compensating users for their data, decentralized governance, and sustainability through low energy consumption.” The Newlife.ai platform works with fashion retailers such as Farfetch and SSENSE to deliver AI-augmented experiences for exploring trends in fashion, design and aesthetics. Its community consists of fashion and arts students, contemporary artists, gallery curators, publishers, models and influencers whose reach total more than 44 million followers on various social networks.
The strategic partnership will focus on establishing a co-branded blockchain product that will not issue a token or conduct an initial coin offering (ICO), but rather leverage the native cryptocurrency of the Telos platform (TLOS). This will be used as a cross-border medium of exchange, facilitating the trading of content and ideas between users, brands and content creators.
Telos Architect and White Paper author, Douglas Horn, said, “We are thrilled to welcome Newlife.ai to Telos. This is a gorgeous app with a captivating UI that’s extremely engaging. Beyond that, it’s a meta-modern ledger for cultural producers catering to contemporary artists and fashion designers through its rewarding visual experience. Newlife.ai started. . .without a connection to blockchain, and using the Telos interface improvements, we expect to keep the UI free of confusing blockchain friction points so that the users can focus on their creative and intellectual property, not on learning blockchain.”
Newlife.ai CEO Vector Newman of says, “We chose Telos because it is a high-performance blockchain that empowers users in this new global economy through high-speed, fee-less transactions, and the most advanced blockchain governance features in existence. Telos is the first blockchain to extend its platform-level governance engine for use by any application deployed on the network, and this lets us keep our users in control of their experience. . .Because the TLOS token was launched without an ICO and is already listed on exchanges, it presents a better method of exchange than creating a new blockchain asset specifically for Newlife.ai use.”
(Source: PR Newswire)