Author: Serin Kim, Marketer (https://www.linkedin.com/in/kimserin/)
[TL;DR]
- Verychat is an innovative global chat app equipped with on-device AI translation and a mainnet token reward system.
- Through integration with the Wepin wallet, users can manage rewards safely and conveniently.
- Verychat sets a new standard in the decentralized SNS and messenger market, leading the utilization of Web3 technology in everyday life.
- The collaboration between Verychat and Wepin wallet is expected to greatly contribute to the popularization of Web3.
1. The Emergence of Web3, Decentralized SNS, and Messengers
Web3 refers to a decentralized internet ecosystem based on blockchain technology. This approach is fundamentally different from existing centralized web services. The core values of Web3 are decentralization, transparency, and user-centric data sovereignty.
These characteristics of Web3 are also reflected in the SNS and messenger domains, leading to the emergence of decentralized SNS and decentralized messengers.
The biggest advantage of decentralized SNS is that it gives individuals ownership of the content they produce. In existing centralized SNS platforms, content uploaded by users such as posts, photos, and videos is stored on servers owned by the platform. This allows platform operators to arbitrarily delete users' content or block accounts.
In contrast, in decentralized SNS, content is distributed and stored on the blockchain, giving individuals complete control over their content. In other words, only the content producer has the right to delete or modify their own posts. The characteristics of Web3 also have great significance in terms of freedom of expression. This is because users can freely express and share their opinions without censorship or control from centralized institutions.
Similarly, decentralized messengers also have similar advantages. There's less risk of censorship or data leakage due to the absence of a central server, and users can directly control their own data.
Web3 social media platform Farcaster has raised $150 million in investment under the paradigm lead, and Layer 1 mainnet TON is also launching various products and services based on Telegram.
Recently, there have been attempts to incorporate reward systems into these decentralized SNS and messengers. Users can now earn cryptocurrency rewards through activities within the platform. This approach promotes user participation and contributes to building an economic ecosystem within the platform.
The decentralized SNS and messenger market is growing rapidly. This is because as concerns about data monopolization and privacy issues of existing centralized platforms increase, the alternative value of decentralization is gaining attention.
The emergence of Web3 and decentralized SNS and messengers is heralding significant changes in the existing social media and messenger app market. Enhanced user privacy, establishment of data sovereignty, and value sharing through reward models are expected to become new trends in the Web3 era.
2. Verychat: A Global Reward Chat App Overcoming Language Barriers
Verychat is a global chat app where people from all over the world can freely communicate while receiving rewards. To popularize cryptocurrency, it's essential to increase convenience and reliability, and the team developed the Very Network and its core application, Verychat, to realize this vision.
From KakaoTalk to Line and Telegram, it provides the Wepin wallet and identity verification (KYC) that anyone can easily use for the 'chatting' element that is done routinely in various apps.
One of the biggest features is that it has incorporated on-device AI translation technology within the app itself. This reduces data usage and increases processing speed, enabling real-time conversation without language barriers.
$VERY, the coin issued on the Very Network mainnet, is the only social currency used within Verychat. Verychat basically builds a user-centric reward system rather than increasing corporate profits.
Users can earn $VERY as rewards for leveling up, inviting friends, creating channels, mining, etc. In particular, it has introduced a kind of mining method where berry fruits can be harvested every 8 hours after planting berry seeds, and new seeds can be planted immediately after harvesting.
It's planned that users who own specific NFTs or specific coins (tokens), or use specific smartphone models, will receive benefits of being able to harvest fruits more frequently.
Also, $VERY, as a utility token, is planned to be used through the advertising system of Verychat and Very Adsense in the future, and circulates as a reward for the ecosystem.
Even before the launch of Verychat, there were high expectations for the Very Network and its rewards, group chat, and in-app translation functions. Even in the beta version launch, more than 10,000 users participated, receiving a lot of attention from the community. In this way, Verychat is an app that combines rewards and communication, providing users with a new experience.
3. Safe and Convenient Reward Management through Integration with Wepin
With the integration of the Wepin wallet within the Verychat app, Verychat app users can manage $VERY more easily. This is because they can access the Wepin wallet with a simple social login from the 'Wallet' tab in the Verychat app. Through this, users can safely store and transfer $VERY without cumbersome processes. In the future, they will be able to easily manage not only $VERY but also various tokens or NFTs.
The Wepin wallet has both security and user convenience. While safely protecting user assets with a professional key management system, it provides intuitive UX, making it easy to use even for users unfamiliar with Web3.
4. Realization of Web3 Experience in Daily Life
The launch of VeryChat can be seen as a meaningful opportunity for Web3 to become closer to everyday life. This is because it has not only combined a chat app with communication and innovative translation functions, but also increased the accessibility of Web3 through integration with the Wepin wallet.
It can be seen as a case of creating an innovative model through Web3 and blockchain on a highly everyday platform like chatting. VeryChat users can experience the Web3 ecosystem conveniently and safely through VeryChat and the Wepin wallet. VeryChat and the Wepin wallet, which have transformed the familiar chat platform into Web3, will continue to attract more people to the Web3 ecosystem.
5. Conclusion
VeryChat is creating a new path for Web3 chat apps with the introduction of on-device AI translation and the Wepin wallet. Users can now have free conversations without language barriers and safely and conveniently manage digital assets of the Very Network through the Wepin wallet.
The excellent usability, security, and versatility of the Wepin wallet have enhanced the completeness of the Web3 experience provided by VeryChat, and users can now easily encounter and experience the Web3 world in a more familiar way. We hope that VeryChat and the Wepin wallet will continue to cooperate and become leaders in the popularization of Web3, and through this process, we expect innovation and expansion of the Web3 messenger app market and the establishment of Web3 in everyday life.
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