Key Sentence:
- In addition, a new app, SnakeNation, makes it the producer of The Content.
- Which Enables Cryptocurrency Earnings will be released in South Africa in August.
Users receive digital currency from the SnakeNation Venom Token (VNM) and exchange their tokens for accessing content, creative services, mobile data, goods, and devices. After registering, the user receives a digital wallet.
Platform members are encouraged to engage with content such as posting, lighting, commenting, and sharing. While the app is releasing next month, users can download it in beta and register.
According to SnakeNation, the media platform aims to attract artists across the country. It has established a creative college community with over 8 million multicultural millennial creators and users with access to an audience. “It also stimulated awareness and participation in South Africa in 52 locations and reached 600,000 students,” the company said.
The Atlanta, US, and Cape Town-based company says its mission is to bring justice to various artists in the creative industries by giving them the tools to tell their own stories.
“By combining creative and economic freedom and listening to the intersection of creativity, culture, and technology, thousands of years have had effective tools for reducing youth unemployment and poverty within reach,” the company said.
Carl Carter, CEO of SnackNation, said, “Media tuberculosis has changed, and so has the world. Millennials watch whatever men want when they want it and how they want it. They have the purchasing power to move the needle, and their diverse stories are not covered in traditional media.”
Carter said he was excited about the launch of the social media platform in South Africa. “South Africans now have the opportunity to take action by generating, processing, and sharing their content and, most importantly, earning crypto tokens through their interactions with content, creators, and brands. “We’re asking young artists in South Africa to go their way,” Carter said.