AXIA has announced its partnership with social entertainment application MadLipz. The partnership will introduce users of MadLipz’s fast-growing social network to AXIA’s inclusionary new financial system based on blockchain technology and smart contracts.
“MadLipz is one of the fastest growing social media applications and we’re very pleased to be able to make them part of the AXIA Ecosystem. We look forward to integrating AXIA Coin and introducing all the revolutionary benefits and rewards that all MadLipz users and content producers can now receive.” – AXIA Founder Nick Agar.
Over 30 million registered global users use MadLipz to connect online, create and share 15 second videos with instant voiceovers. The company has been adding new features since its inception in 2016, with recent integrations of blockchain technology. The financial features that are made possible by AXIA’s value creation technology and economic model are sure to be an important addition to the reward mechanism on MadLipz. These content creators will now receive unprecedented benefits for what they produce thanks to AXIA Coin’s policy of distributing the value that’s created on the network through users’ decentralized activity.
“The combination of social networks and digital currencies is an important part of the future of both fields. We’re happy to work with AXIA to expand on what we’re able to do for our users in a way that guarantees that they will get to reap the benefits from the value they create on our network.” – MadLipz Co-founder and CEO Amir Alikhanzadeh.
Partnering with MadLipz is part of AXIA’s collaboration with leading edge projects to expand the global reach of its inclusive financial ecosystem. It ensures the project’s introduction of a new financial ecosystem that delivers value for users, including unbanked communities thanks to blockchain technology.
AXIA Coin is an asset-supported global currency, utilizing innovative blockchain and smart contract technology standards to upend traditional financial structures, lower participant costs and advance a more equitable and inclusionary economic model on a global scale. As a network, AXIA integrates multiple complementary applications that will pioneer the pace of the decentralized economy to drive mainstream adoption in improving business processes globally. The currency provides sophisticated solutions that serve as an ideal replacement to the fiat payment system and also improve on the existing cryptocurrency models.
MadLipz is a social entertainment application with pre-seed funding from Plug and Play, Techstars, and a group of angel investors. The network produces over 200,000 pieces of user-generated content every day by allowing users to record and share 15 second videos with instant voiceovers.
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Release ID: 24585