In the ever-evolving landscape of social media platforms, Zebedee, a Lightning Network-based company, is set to disrupt the status quo with its new version of the ZBD app. This innovative app combines gaming, Bitcoin, and a decentralized approach to offer users a unique and rewarding social experience. By integrating microtransactions and encrypted direct messages, it aims to empower users to monetize their online contributions and regain control over their data.
The ZBD App: A Major Shift in Social Media Engagement
Zebedee’s ZBD app introduces an exciting twist to the traditional social media experience according to a report from Decrypt. Instead of relying on mere “likes” for validation, users can now send fractional amounts of Bitcoin called “zaps” as a form of appreciation. This approach transforms social interaction into a tangible value exchange, providing users with a novel way to earn money while engaging with their online community.
Currently in its alpha build, the eagerly anticipated new iteration of the ZBD app awaits early access from users who are willing to join its waitlist. Developed by NBD, Zebedee’s open-source division, the app harnesses the potential of Nostr, a burgeoning decentralized protocol with a substantial user base exceeding two million.
As a side note, Twitter co-founder Jack Dorsey has shown keen interest in Nostr, recognizing its significance as a foundational element for the future of social media.
According to Zebedee, its new ZBD app version holds the following benefits for users:
Earning Opportunities: By embracing ZBD, users have the potential to generate income through their online activities. Sharing valuable content, engaging with others, and fostering meaningful connections can now translate into financial rewards. This incentivizes users to produce quality content and actively participate in the platform, leading to a more vibrant and engaged community.
Decentralized Control: Unlike traditional social media platforms, ZBD operates on a decentralized protocol called Nostr, empowering users with greater control over their data. With no central authority governing the platform, individuals can safeguard their privacy and carry their identity across various apps seamlessly. This open ecosystem allows for easier networking with friends and creators, regardless of their preferred platforms.
Enhanced Security: ZBD offers encrypted direct messages (DMs), ensuring that private conversations remain confidential. Users can leverage these secure channels not only for communication but also to send payments. This feature adds an extra layer of protection, mitigating the risks associated with traditional payment methods or vulnerable messaging platforms.
Despite its enticing promises, there are some foreseen challenges that the new version of the ZBD app may face, including but not limited to the following:
Adoption and User Base: As ZBD is a relatively new app, its success depends on widespread adoption. While Zebedee’s open-source wing, NBD, has already amassed over two million users for its Nostr protocol, the app’s ability to attract a substantial user base remains to be seen. Overcoming the network effect of established social media giants poses a challenge that the company will need to tackle to ensure the longevity and relevance of ZBD.
Volatility and Complexity: As ZBD incorporates Bitcoin transactions, users must be aware of the volatility and complexities associated with cryptocurrency. While earning Bitcoin is an enticing prospect, users need to navigate the intricacies of digital wallets, transaction fees, and market fluctuations. Its developer must provide intuitive user interfaces and comprehensive educational resources to ensure a smooth onboarding experience.
Regulatory Environment: The integration of Bitcoin into ZBD raises questions regarding regulatory compliance and legal frameworks. Different jurisdictions have varying stances on cryptocurrencies, and Zebedee must navigate these complexities to ensure the app’s adherence to local regulations. Users must also remain vigilant and informed about the legal implications and tax obligations associated with earning and using Bitcoin.
The ZBD app from Zebedee heralds a new era of social media engagement, offering users the opportunity to earn Bitcoin while fostering meaningful connections. With its unique approach of using microtransactions and encrypted DMs, ZBD provides a platform where users can monetize their contributions and take control of their data.
As ZBD enters its evolution, widespread adoption, user education, and regulatory compliance will be crucial factors in determining its long-term success. By reshaping the way we engage with social media, it paves the way for a more rewarding and decentralized online experience.
Giancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines.
In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013.
Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc., the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO’s core management team, contributing to strategic planning and business development endeavors.