Project Name: TWJ News
Project Track: Tron Weekly Journal
Team Name: TWJ News
DevPost URL: Tron Weekly Journal | Devpost
Project Goal: Be the One Stop Destination for News and digital advertisements in Web 3.0
Project Info: TWJ Hackathon entry - YouTube
Project Repo/Website: https://www.tronweekly.com/
TronWeeklyJournal (TWJ) background: With the arrival of technologies such as blockchain, there has been a boom in use-case based applications. Keeping a track of all the updates and changes in the industry requires a transparent source, which is where TWJ comes in. Our journalists keep track of the evolving cryptocurrency ecosystem and its peripherals including NFTs and other Web 3.0 based applications.
TWJ also gives its readers the opportunity to be a part of the TWJ token ecosystem: a one of a kind token system where they will be rewarded for being on the platform. They can also be a part of the TWJ Premium Club and basically reward themselves by being co-owners of the website.
Being a co-owner of a digital media outlet will not only create recurring passive income but it is also a matter of pride to be part of a group, where as a team we brainstorm together to build a honest, transparent and impactful Media Outlet.
Hackathon 2 Product: Decentralizing Digital Advertising and News distribution in Web 3.0
Certain sections of Media today are said to be biased or driving an agenda benefiting a particular segment. The root cause is the centralized structure of these corporations. Another challenge in the current media structure is the issues faced by advertisers mainly:
Many of the advertisers are restricted wrt geographical reach due to geo-political restrictions ( for eg Iran, Venezuela, Russia to name few).
Cross border remittances are time consuming and has high fee ( for eg a online service provider in remote Africa wanting to promote their service in Europe/Asia)
TWJ plans to solve these 2 problems by:
DAO Governance for Neutrality:
We will be creating and empowering the TWJ DAO( Decentralized Autonomous Organization) to act as a watchdog for news published on our platform. There won’t be any censorship wrt DAO enrollment i.e people across gender, location, caste, creed, color will be able to join our DAO thus creating a robust governance structure. They will be the flag bearer of news neutrality and will have power to vote down any content which the majority feels is not neutral.
This we feel will make news more honest and relevant for the readers and help us move forward towards a true Web 3.0 ecosystem.
Crypto payments for Advertisements:
We firmly believe in the future of blockchain and will enable direct crypto payment mechanism for advertisers. The advertisers will thus be able to make the payments in seconds and won’t have to worry about any political, geographical restrictions. Free economy is the motto of Web 3.0 and we stand firm to build this decentralized ecosystem.
We will be using TRON Blockchain for the above 2 solutions thus:
Enhancing usage of TRON Blockchain
Laying the foundation for a Web 3.0 Media system on TRON
Empower more TRON users to participate in Media governance
Enable more people across the globe to experience the speed and security of TRON blockchain
Open up the Market of Advertisements (Approx $400 B market) to the TRON ecosystem
-Penetrated reach in multiple markets with reader focus in US, UK, France , India and Nigeria
Partner at WBS with focus on expansion and network
Launch of TWJ Premium Club: Readers could now own parts of the ecosystem thereby creating a holistic and transparent industry.
-(Upcoming) Launch of TWJ’s native media streams for our subscribers who want the latest in Web3.0 right in front of our eyes.
This is an idea we’ve had since the early days of blockchain development for its resilience to censorship and TRON is the best network to deploy for its speed and low transaction cost.
It would be awesome to gain support and momentum for our project so that we can serve a greater purpose. This is why we are participating in the Tron Hackathon 2022 Season 2; to make a difference.