The founder and chief executive officer of Valleytop Communications Limited Mr. Andrew Odoe has launched a social networking platform, Valutok to enrich its users financially for their daily activities on the platform.
Odoe spoke on his drive towards the initiative, linking it to the pandemic era and the financial struggles that people were faced with despite their social media usage while comparing the huge profits made by social media platforms within that period.
According to him, people should be compensated considering the time and data that they exhaust on most of the social media platforms, as advertisers, telecoms and social media giants would not make huge profits without the people.
“I have had this dream for quite some time but became more determined with the emergence of the COVID-19 pandemic which kept people indoors, starving, and coming online to beg for data subscriptions and stipends in many cases. Lots of people were out of jobs and begging for money online, so it got me thinking that if every social media user was earning something from their online activities then a lot of people wouldn’t have starved or suffered as they did during the lockdown and afterward. This actually inspired me to launch Valutok.
“Unlike other social media platforms that pay people for premium video content only, Valutok rewards its users for sharing updates, liking, and commenting on posts. That is ” Your talk gets the value” in pidgin.
“The fact that you get to earn from Valutok even if you’re not a content creator makes it different from other apps. Tiktok is a video streaming app. You are not earning on Tiktok from just sharing updates, commenting, and reacting to posts. You have to go to lengths to create content and visual content, and still hope that a lot of people will view and like the content before you earn anything on Tiktok. The same thing goes for Bigo and others. Valutok is totally different, free, and simple to use.
“Globally, there is nothing like Valutok at the moment where for, simply making a post, just commenting or reacting to someone’s post, you earn points that automatically convert into cash. It is something totally different.”
“The ultimate goal for Valutok is to see the platform become a globally acclaimed app and rub shoulders with social media giants.
“Valutok will eventually grow to become a globally acclaimed app that people around the world can benefit financially from. The goal eventually with Valutok is not just people networking, sharing updates, and connecting, but that people will do all of these and get something back in return through its app that is available on Play Store.
Popular microblogging app, Twitter has unveiled its new logo.
The new logo was made public by Twitter owner Elon Musk and its new CEO.
The social media app on Sunday hinted that it would ditch its bird logo, be rebranded with the name X and move quickly into payments, banking and commerce, according to AFP.
Founded in 2006, Twitter takes its name from the sound of birds chattering, and it has used avian branding since its early days, when the company bought a stock symbol of a light blue bird for $15, according to the design website Creative Bloq.
Tweeting a picture of the company’s new logo – a white X on a black background – late Sunday night, Twitter chief executive Linda Yaccarino said “X is here! Let’s do this.”
Also late Sunday night, Musk changed his profile picture to the company’s new logo, which he described as “minimalist art deco,” and changed his Twitter bio to “X.com,” which now redirects to twitter.com.
Musk had earlier tweeted that “If a good enough X logo is posted tonight, we’ll make (it) go live worldwide tomorrow.”
Musk also tweeted that under the site’s new identity, a post would be called “an X.”
The changes were not visible on the website as of 0630 GMT Monday.
Musk had already named Twitter’s parent company the X Corporation, and previously said his takeover of the social media giant was “an accelerant to creating X, the everything app” — a reference to the X.com company he founded in 1999, a later version of which went on to become payments giant PayPal.
Such an app could still function as a social media platform, and also include messaging and mobile payments.
“Powered by AI, X will connect us in ways we’re just beginning to imagine,” Yaccarino tweeted earlier on Sunday.
Yaccarino, an advertising sales executive at NBCUniversal who Musk poached last month to become Twitter’s CEO, said the social media platform was on the cusp of broadening its scope.
“X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities,” Yaccarino tweeted.
Zhao made this known via his Twitter handle on Sunday, saying, “Binance Nigeria Limited a scam entity.”
“Binance has issued cease & desist notice to the scammer entity “Binance Nigeria Limited”. Don’t believe everything you read in the news,” he wrote.
The Securities and Exchange Commission of Nigeria had declared that Binance Nigeria was operating illegally in the country as it is not registered or regulated by the SEC.
Details later…
According to the app’s website, the “social internet” of the future will give users more options and creators “independence from platforms”.
However, the app is still under development and may only be accessed with an invite code.
“We’re building the AT Protocol, a new foundation for social networking which gives creators independence from platforms, developers the freedom to build, and users a choice in their experience,” the website stated.
Using financing from Twitter, Mr Dorsey started developing Bluesky as a side project in 2019. In late February, it was first rolled out to iOS users.
As per TechCrunch, the basic features for monitoring likes or bookmarks, modifying tweets, quote-tweeting, direct messages and using hashtags, which are available on Twitter are not present in Bluesky at launch. This will make the app a more streamlined version of Twitter than what it initially appeared to be.
Additionally, it’s incorporating decentralisation into its own protocol, the AT Protocol, rather than adding to the work already done on ActivityPub, the protocol powering Mastodon, an open-source Twitter alternative and a variety of other decentralised apps in the larger “Fediverse”, the term for these connected servers hosting free, open-source web publishing software, as per the outlet.
The demand for the application has been growing and has 20,000 active users currently.
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