ReadON

ReadON

A Web2-Compatible Decentrialized Content Platform that aims to build the backbone infrastructure for the next generation of blogs, news, and forums. Learn more

Employees
Market cap
-
Enterprise valuation
$8—12m (Dealroom.co estimates Aug 2022.)
Singapore Central (HQ)
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ReadON is a pioneering platform in the Web3 space, focusing on decentralized content distribution. It serves users interested in digital reading and content governance by utilizing NFTs and GameFi mechanisms. The core product, the Soul Card, is a Soul bond NFT that records users' interests, topic tags, and influence scores through NLP technology. This identity credential allows users to participate in content governance and earn rewards. The platform's decentralized engine enables users to vote for, rate, and share content, ensuring valuable content reaches a broader audience and mitigating the echo chamber effect.

ReadON operates in the Web3 and Crypto markets, targeting digital readers and content creators. Its business model revolves around the use of NFTs, specifically Glasses NFTs, which users equip to earn in-game currency (READ) as they read content. The accumulation rate of READ is influenced by factors such as content topic, Glasses properties, and user experience. The platform also features a content staking model, allowing users to vote and sponsor their favorite content, thereby managing the quality and type of content available.

Revenue is generated through the sale of NFTs, transaction fees within the platform, and possibly through partnerships and sponsorships. The platform aggregates engagement activities from various sources and provides creators with a cross-platform solution to create, authorize, and manage their content.

Keywords: Web3, NFTs, GameFi, decentralized, content distribution, digital reading, Soul Card, content governance, in-game currency, content staking.