About ArcnetLabs

ArcnetLabs is developing a decentralized social media platform using blockchain technology to give users full control over their data and content, free from external manipulation. The platform enables equitable ad revenue distribution, supports content creators through tipping and support coins, and fosters a censorship-free environment for authentic engagement.

```xml <problem> Current social media platforms often lack transparency, equitable revenue distribution, and user data control, leading to censorship concerns and limited economic opportunities for content creators. Users are often subjected to algorithms that prioritize engagement over authenticity, and their data is vulnerable to manipulation and misuse. </problem> <solution> ArcnetLabs is developing a decentralized social media platform, "Arcnet," built on blockchain technology that empowers users with full control over their data and content. The platform integrates various social apps into a unified experience, allowing users to seamlessly carry their achievements and followers across different services. Arcnet fosters a censorship-resistant environment, promotes economic inclusion through support coins and content tipping, and ensures profile ownership is anchored to the user's blockchain wallet, enhancing privacy and security. The platform aims to integrate AI algorithms and quantum computing to improve transaction processing efficiency and reduce user costs. </solution> <features> - **Support Coins:** Enables users to invest in and support content creators, fostering shared growth and revenue potential. - **NFT Marketplace:** Facilitates the creation, buying, and selling of unique digital assets, providing a platform for digital artists and collectors. - **Content Tipping:** Allows users to directly send small payments to creators as a form of appreciation, utilizing creator coins deposited into their wallets. - **Profile Ownership:** Secures user profiles to their blockchain wallet's public key, ensuring exclusive ownership, control, and enhanced privacy. - **AI Algorithms:** Aims to integrate AI to optimize transaction processing, replacing traditional mining and validation for improved efficiency. - **Quantum Computing:** Plans to leverage quantum computing to further accelerate transaction speeds and reduce costs. </features> <target_audience> The primary target audience includes content creators seeking equitable revenue distribution and greater control over their content, as well as users concerned about censorship and data privacy on traditional social media platforms. </target_audience> ```

What does ArcnetLabs do?

Where is ArcnetLabs located?

ArcnetLabs is based in Ibadan, Nigeria.

When was ArcnetLabs founded?

ArcnetLabs was founded in 2024.

Who founded ArcnetLabs?

ArcnetLabs was founded by Henry Giwa.

Henry Giwa - Founder & CEO at ArcnetLabs / Blockchain Developer / Software Engineer

Location

Ibadan, Nigeria

Founded

2024

Employees

4 employees

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ArcnetLabs

Score: 67/100

AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

arcnetlabs.com 200+

Founded 2024 – Ibadan, Nigeria

Funding

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Team (<5)

Henry Giwa

Founder & CEO at ArcnetLabs / Blockchain Developer / Software Engineer

Company Description

Problem

Current social media platforms often lack transparency, equitable revenue distribution, and user data control, leading to censorship concerns and limited economic opportunities for content creators. Users are often subjected to algorithms that prioritize engagement over authenticity, and their data is vulnerable to manipulation and misuse.

Solution

ArcnetLabs is developing a decentralized social media platform, "Arcnet," built on blockchain technology that empowers users with full control over their data and content. The platform integrates various social apps into a unified experience, allowing users to seamlessly carry their achievements and followers across different services. Arcnet fosters a censorship-resistant environment, promotes economic inclusion through support coins and content tipping, and ensures profile ownership is anchored to the user's blockchain wallet, enhancing privacy and security. The platform aims to integrate AI algorithms and quantum computing to improve transaction processing efficiency and reduce user costs.

Features

Support Coins: Enables users to invest in and support content creators, fostering shared growth and revenue potential.

NFT Marketplace: Facilitates the creation, buying, and selling of unique digital assets, providing a platform for digital artists and collectors.

Content Tipping: Allows users to directly send small payments to creators as a form of appreciation, utilizing creator coins deposited into their wallets.

Profile Ownership: Secures user profiles to their blockchain wallet's public key, ensuring exclusive ownership, control, and enhanced privacy.

AI Algorithms: Aims to integrate AI to optimize transaction processing, replacing traditional mining and validation for improved efficiency.

Quantum Computing: Plans to leverage quantum computing to further accelerate transaction speeds and reduce costs.

Target Audience

The primary target audience includes content creators seeking equitable revenue distribution and greater control over their content, as well as users concerned about censorship and data privacy on traditional social media platforms.