The MyFie Project is an ambitious initiative to create a Block Chain based Platform to Monetize the Creative Output of Every Individual - the Ubiquitous Selfie. One of the main aims of the project is to creatively engage Individuals to click unique selfies and to reward them for sharing it! This is what millions of people in the world are already doing now, but without getting rewarded for it. MYFIE will change this soon with a Block Chain Project based on a Proof of Created Content Consensus Algorithm.
Quality Digital Content is difficult to create and more difficult to acquire. Hence original, user created content demands a premium digital content monetizing platforms! User created content’s phenomenal rise in popularity and exceptional financial feasibility is validated by the spectacular success of Google’s Youtube, Facebook and Instagram. Youtube, the biggest User Created Content giant, earned 12.4 billion USD in ad revenues in 2017 for Alphabet Inc (Google) and is estimated to touch 24.7 Billion USD in 2020, Instagram’s estimated revenue for 2019 is 14 Billion USD and Facebook’s 18 billion USD! None of this is shared with the users who created the content in the first place! We propose to change this and make an honest attempt to reward the content creator on a one to one basis.