Tippit - Rewarding Content Creation Through Blockchain - Dapp Review

in #dappreview5 years ago (edited)

Overview

The world we live in is about content. Information is content and we thrive on information to survive. It is even commonly said that information is power and we can find that to be very true in many ways. Therefore content is what helps us have access to these bits of information that makes our world go round, or not, and all thanks to content creators.

Google, a home to billions of content creators and a host to billions of content has become our number one go to source of information such that it has become part of our lives. We have a question we can't seem to answer, we take it to google and punch the question in, then we click on search and in seconds we see millions of links containing contents that are related to our questions.

Furthermore, research has proven that the average human consumes content either for educational, recreational, entertainment or for research purposes every hour of the day.
Even in the business world, content is what enables a business owner attract and/or engage with their old and potential customers while generating revenue for the business.

Existing Problem

According to the recent technology shifts, it is evident that a huge part of the commercial and advertising world is going to rely on content creators. Either video, written or audio. In our world today, 8 out of 10 people are content creators due to the fact that the internet has made the world a global village. This shows that content creators are on a gradual increase.

However, the underlying problem remains that there are insufficient reward systems capable of catering to the rewarding state of the ever increasing content creators. For example, Youtube, a host to millions of video content creators cannot reward every one of them. They have put metrics in place for rewarding their highest viewed content creators, leaving out the less viewed.

Solution - Introducing Tippit

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With the application of blockchain and cryptocurrency, content viewers can now reward their favorite content creator directly through a tipping system called Tippit coined
from the word tips. The Tips are in Ethereum cryptocurrency. The focus of Tippit is to ensure that every content thrives, as long as someone enjoys it, that person can support it and basically anyone seamlessly can.

The defining mission of Tippit: to make it as easy as possible to support content online, paving the way for the new economy of the decentralised web. source

Youtube has a way of sucking its audience in, based on cookies and interests deduced from our activities online. This is why it is very common to go to youtube to find a video and end up watching 4. So many related videos to want to keep you going, but who keeps these content creators going if they don't bag 1million followers or views enough to land them youtube's paycheck? Nobody. Does it mean they have trash content? Definately not.

Tippit allows fans to support their favorite content creators without hassle. The fan is able to set the price he/she wishes to use to support the creator in form of Tips, a fast, safe, secure and stylish way directly on the platform. Youtube as a practical example. Tippit is built on the Ethereum blockchain and featured as the 579th ranked dapp in the State of Dapps ranking. You can find more about that Here.

How To Use

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Either you're a content creator or a supporter, the major steps required in getting yourself all set up to give and receive tips is by following the steps listed below.

  1. Connect with Ethereum
    Simply sign up with your Ethereum address - all you need is MetaMask.

  2. Get the Tippit Chrome Extension
    You'll be prompted when you come across online content that you may wish to support.

  3. Browse the web and tip as you go!
    Carry on browsing, now with the ability to tip content creators with Ether cryptocurrency to support their work.

Once these steps have been followed you're good to go.

Pros

  • Seamless way of rewarding value online
  • Provides monetary rewards as a form of support to content creators
  • A tipper does not need the wallet ID or any information of the content creator
  • Tip as you go

Cons

  • The tipper needs to have knowledge about cryptocurrency. Ethereum specifically
  • The tipper needs to know crypto price updates from time to time.
  • The tip receiver has to learn how to exchange the crypto for fiat

Conclusion

Overall, I give the dapp a 4 star. If you're a content creator, you can now ask your fans for tips so your content can be supported for continuity. Any fan can also use this opportunity to buy their favorite content creator that coffee they've always thought about. What a time to be alive.

Thank you for reading. For more information about Tippit, click here.

Disclaimer
This is not a financial advice, do well to DYOR.

All Images are from Tippit.co

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