Zilliqa announced on Twitter that they would be partnering up with Xcademy, the biggest Youtube academy in the world.
“Big moves by $ZIl today, but bigger news for the ecosystem is when innovative organisations like @XcademyOfficial decide to partner with and build on #Zilliqa. This is going to be massive 🚀🔥 - MD”
What is Xcademy?
Xcademy is the UK’s first-ever YouTube academy run by some of the most prominent YouTubers. Oliver Bell founded the company from Norwich and Joel Morris, aka JMX, who is from Milton Keynes and has millions of followers across his social media channels, including YouTube, Instagram, and Twitter.
It contains video educational content on everything you need to know to become a YouTuber. This includes the following - what to call your channel, help with the content, get more subscribers, get more views, and network with like-minded people.
The platform is provided by influences who have more than 150 million followers combined. Plus, you also receive written content from YouTubers and students, along with growth strategies, and motivational guides.
Powering A Platform With Xcademy Tokens
One of the most integral components of Xcademy is the Xcademy tokens. Content creators can earn tokens by watching 80% of another student’s video, which could help them get into YouTube’s algorithm. One can also purchase tokens within the platform like an in-game currency. Since the token demand is based on in-platform demand, it is free from your usual crypto-speculation. YouTubers can tokenize their content and create their own tokens as determined by their level inside the platform.
Xcademy tokens usually fall under three baskets – creator, audience, and the administration. The audience can earn a specific creator’s tokens by watching their videos, leaving helpful comments, and engaging with the content creator. Users can also stake Xcademy tokens in specific liquidity pools to earn rewards. Plus, as a particular content creator grows, the platform burns a proportionate amount of their tokens. This brings in a supply crunch to a specific creator’s token supply, which in turn boosts their overall valuation. The content creators can also create their own collectibles and other NFTs, which their native tokens could only purchase.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.