Binance Pay and Bolt Global Build Web3 Social Experiment

The partnership will provide interactive opportunities to streamers, content creators and fans, with the exchange of cryptocurrency at the core.

Web3 Experiment

Binance Pay, a cryptocurrency payment feature by Binance, is partnering with Bolt Global to build out a new Web3 live entertainment and social experience. 

Announced via the Binance Blog, Binance Pay, a contactless, borderless crypto payment feature will support Bolt Global, a technology company that focuses on building out services for Web3. The partnership will allow Binance users globally to gain access to Bolt+, the official name of this new Web3 social experience.

“We are thrilled to partner with Binance Pay to bring Web3 adoption to more industries across entertainment, retail, and gaming globally,” said Christel Quek, Co-Founder and CTO of Bolt Global.  

What’s interesting is its resemblance to streaming platforms like Twitch where content creators can be “gifted” dollars by their fans except in this case it will be crypto-based. Bolt+ will allow creators to keep up to 95% of their earnings, whereas Web2 platforms take a significant amount from creators. There will be tipping, advertising, sponsorship and utility-based NFT channels. 

“Binance Pay is proud to be partnering with Bolt Global … Streamers and creators can now earn easily in crypto with the benefits of the ease of use and security of the Binance ecosystem,” said Jonathan Lim, Global Head of Binance Pay.

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Bolt+ is available on iOS, Android and web browsers. The platform has already onboarded music labels, sports media broadcasters and several news networks. The success of this platform could drastically change the streaming space especially for creators on the revenue generation side but also for fans through new experience options. 

For more information on how to make Binance Pay transactions on Bolt+, you can find details here.

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What Is Binance Pay:

Binance Pay is a contactless, borderless, and secure user-to-user cryptocurrency payment feature on the Binance App. Binance Pay allows users and merchants to send and receive crypto payments around the world without incurring special handling fees for using crypto. To date, Binance Pay has recorded over $12 billion in total volume spanning 17 million transactions, more than 7,000 merchants, and millions of users.

Where to Find Binance Pay:

Website

What Is Bolt Global:

Bolt Global is a technology company that builds Web3-enabled platforms and services for the next generation of the internet. Currently, Bolt Global operates three core businesses: Bolt+, a Web3 media and entertainment platform, BoltX, a self-custody NFT and digital asset wallet, and BoltZap, a Web3-commerce marketplace. 

Through Bolt Global’s ecosystem of trusted partners, including Binance, Hisense Group, OneFootball, and Euronews, users are able to enjoy global entertainment and gaming experiences, backed by best-in-class Web3 integration and a wide distribution network. This is facilitated by a strategic partnership with VIDAA, the fastest-growing operating system on Smart TVs for over 50 manufacturers, including Hisense, Toshiba, and Loewe TV, across 14 million Smart TVs.

At the heart of Bolt Global is a diverse team that originates from 18 different countries, including alumni from Tencent, Twitter, Zilliqa, and Goldman Sachs. Bolt Global is headquartered in London, United Kingdom, and backed by Trovio Group and Plutus Investment Group.

Where to find Bolt Global:

Website

Source : bsc.news

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