Hot or Not: A Decentralized Social Media App on Internet Computer

Table of Contents

1. Introduction
2. Background of Rishi, the Founder of Hot or Not
3. What is Hot or Not?
4. Benefits of Building on the Internet Computer Protocol
5. Decentralized Autonomous Organization (DAO)
6. Advantages of Hot or Not Being a Web 3 DApp
7. Cool Features of Hot or Not

Introduction

Hot or Not is a decentralized social media platform built on the Internet Computer Protocol. It is similar to TikTok, but with the added benefits of being a web 3 DApp. In this article, we will discuss the background of Rishi, the founder of Hot or Not, what Hot or Not is, the benefits of building on the Internet Computer Protocol, the advantages of being a web 3 DApp, and the cool features of Hot or Not.

Background of Rishi, the Founder of Hot or Not

Rishi is a serial entrepreneur who has been in the field of entrepreneurship for 10 years. He has a background in computer science and worked as a software developer across multiple multinationals Based out of the US, India, and Europe. After his software development experience and experience in management, he felt that entrepreneurship was something he really wanted to try. He started his first business with the same co-founders that he has in Hot or Not. He has been involved in three different ventures and has worked with clients like KPMG, McKinsey, and Bain.

What is Hot or Not?

Hot or Not is a decentralized social media platform built on the Internet Computer Protocol. It is similar to TikTok, but with the added benefits of being a web 3 DApp. The platform allows users to monetize their time and Attention by interacting with the app. Users can earn tokens for watching and voting on videos, and content Creators can earn tokens for creating content. The platform is gamified, and users can play games to earn more tokens. Hot or Not is a DAO, which means that decision-making is decentralized, and users have a say in the direction of the platform.

Benefits of Building on the Internet Computer Protocol

Building on the Internet Computer Protocol has several benefits. First, it allows for microtransactions, which means that users can earn tokens for small interactions with the app. Second, it allows for decentralized decision-making, which means that users have a say in the direction of the platform. Third, it allows for users to own their data, which means that they have control over their information and can take it with them if they decide to leave the platform.

Decentralized Autonomous Organization (DAO)

Hot or Not is a DAO, which means that decision-making is decentralized. Users who hold tokens can vote on proposals, and the proposals with the most votes are implemented. This gives users a say in the direction of the platform and ensures that decision-making is not centralized.

Advantages of Hot or Not Being a Web 3 DApp

Hot or Not being a web 3 DApp has several advantages. First, it allows for microtransactions, which means that users can earn tokens for small interactions with the app. Second, it allows for decentralized decision-making, which means that users have a say in the direction of the platform. Third, it allows for users to own their data, which means that they have control over their information and can take it with them if they decide to leave the platform. Fourth, it allows for interoperability with other web 3 DApps, which means that users can take their data and tokens with them to other platforms.

Cool Features of Hot or Not

Hot or Not has several cool features. One of the new games that is coming out is similar to the Hot or Not game, but with an AI score for the hotness of the video between 0 to 100. Users can vote on whether the score will be higher or lower at the end of the hour. Another feature that is coming out is the leaderboard feature, which involves users earning token rewards and topping the leaderboard. Hot or Not is also opening up the platform for other developers to build on, which means that new features and tools will be available on the app.

Highlights

• Hot or Not is a decentralized social media platform built on the Internet Computer Protocol.
• Users can monetize their time and attention by interacting with the app.
• Hot or Not is a DAO, which means that decision-making is decentralized.
• Building on the Internet Computer Protocol allows for microtransactions, decentralized decision-making, and users owning their data.
• Hot or Not has several cool features, including new games, a leaderboard feature, and opening up the platform for other developers to build on.

FAQ

Q: What is Hot or Not? A: Hot or Not is a decentralized social media platform built on the Internet Computer Protocol.

Q: How can users monetize their time and attention on Hot or Not? A: Users can earn tokens for watching and voting on videos, and content creators can earn tokens for creating content.

Q: What is a DAO? A: A DAO is a decentralized autonomous organization, which means that decision-making is decentralized.

Q: What are the advantages of building on the Internet Computer Protocol? A: Building on the Internet Computer Protocol allows for microtransactions, decentralized decision-making, and users owning their data.

Q: What are some cool features of Hot or Not? A: Hot or Not has several cool features, including new games, a leaderboard feature, and opening up the platform for other developers to build on.