15 May 2023 — Today marks the launch of the Insights Network’s Parti.com, a unique platform that empowers creators with Web3 technology and cryptocurrency transactions for content monetization. This hub for creators provides unprecedented control over their creative output, while enabling them to earn revenue through self-hosted cryptocurrency. Parti.com is built on the open-source technology of Partisia Blockchain, renowned as the world’s first privacy-preserving, next-generation blockchain. It offers multi-network currency support and affordable transactions.
Parti.com, designed to be an inclusive platform, provides users with self-custody of their funds, ensuring complete ownership and control. The platform’s ease of use, facilitated by a straightforward account setup process via Discord or Twitter login, makes it accessible to both creators and consumers.
Parti.com simplifies the buying and selling process by completely removing third parties, such as traditional banks and other Web2 financial institutions, from the monetization process. This marks the first time that creators and content consumers can interact within a completely peer-to-peer network, without payment processors or middlemen holding user funds.
One of the key features of Parti.com is the ability to create and sell NFTs directly from creator profiles, simplifying the process of content monetization. The AI Zone helps new creators generate art rapidly; thereby, democratizing the digital art landscape.
Furthermore, Parti.com breaks new ground with its application of NFTs as utility tokens, granting access to exclusive content. This concept, known as “tokengating”, is set to change the way creators engage with their audiences, fostering deep, meaningful connections. An easy-to-understand use case could involve a content creator creating a pass with a maximum of 1,000 units sold. All holders of this NFT, upon signing into their platform with their wallet, are granted access to all of the creator’s private content available on their Parti.com channel. This process, completely automated by the blockchain, creates a direct, creator-to-user connection that surpasses anything the current market offers, be it Web2 or Web3. The platform also accommodates transactions with ETH in Metamask, providing users with the flexibility to transact in their preferred cryptocurrency.
To jumpstart the network, Parti.com offers the unique “Hall of Fame” (HOF) NFT pass. This limited NFT access pass grants users master access to the entire network, enabling the first users to buy into the entire network and never have to pay for content access again. Coupled with the platform’s low transaction fees, this feature is set to redefine the value proposition for content creators and consumers. In the future, if users wish to leave the network, they can always offer the pass for sale in the upcoming NFT marketplace.
Parti tokens function as the platform’s currency, which users can use for buying and selling. Creators incur a 0.1% platform fee when selling NFTs or content in Parti tokens, compared to a 5% fee when using ETH or USDC. Although this fee model is subject to change, there is currently no fee for creators for at least the next three months, serving as an incentive to join the network early.
In essence, Parti.com is more than just a platform — it is a revolution in the creator economy. It is dedicated to providing creators with the tools they need to thrive, while offering consumers a new way to interact with and support their favorite creators. As the digital landscape continues to evolve, Parti.com stands at the forefront, poised to transform the creator economy with the power of Web3.
About Parti.com: Parti.com is built by Insights Network, a web3 Company founded in 2017 and through multiple market cycles.
About Partisia Blockchain Foundation: Partisia Blockchain Foundation brings unparalleled opportunities by empowering privacy-preserving, interoperable and sustainable innovation for fairness and transparency. It fuels the most secure and efficient networks to solve global problems. Distilled with more than 30 years of rigorous research, Partisia™ Blockchain future-proofs solutions, solves tomorrow’s challenges by powering fair, secure, distribution of benefits. While preserving privacy and confidentiality, it brings accountable, transparent and decentralized governance. Learn more: www.PartisiaBlockchain.com
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