BANKEX Community Q&A Week 26

What's up, Mediatoken?

Q: How many people have used the service The MediaToken? Can we see who else has tokenized accounts?

A: Now we are launching several pilots working together with our partners from Europe and Asia. We will make a detailed announcement about that as soon as all legal questions are solved. Moreover, in the next few weeks, we will announce the first tokenized YouTube channel. Right now we are working only with a network of partners, not with bloggers directly, which is why it takes some time to make decisions.

Q: What kind of results have you gotten from the project?

A: We have already gone through the whole process of tokenization from issuing the tokens to the point where the tokens have expired with our first tokenized Instagram account.

After that we presented our successful case to companies from around the industry. Right now we are working only with a network of partners, not with bloggers directly, which is why it takes some time to fix all the moving parts. Now the team is working on developing the platform for external users and partners.

Q: Why do you think that your project will be in demand in the market?

A: First of all, we work together with an external team of professionals from the industry, and they understand the needs of the market. This helps us to develop the product which will suit the customers’ needs in the best way. Moreover, there are requests from the brands which are interested in using our service in their advertising campaigns. Furthermore, we have already tested several hypotheses and conducted interviews that prove that the project is in demand by bloggers and companies.

Q: How soon will we see more news about the project?

A: In next few weeks we are going to announce the first tokenized YouTube channel. In a month we will release our online platform. Additionally, we are in the process of building a partnership which we will announce in the near future when all legal questions are solved.