Key Notes
- The platform moved from Ethereum’s Layer 2 community Base to Solana to enhance redemption processes and allow refunds when bought time is not used.
- In contrast to related platforms targeted on group interactions, Time.enjoyable makes a speciality of one-on-one conversations with tokenized time that may be traded available on the market.
- Future growth plans embrace including voice and video name capabilities and probably launching a local token to unify the ecosystem.
The tokenized time sector appears to be like to be taking off in the intervening time, and it seems that Time.enjoyable could also be on the heart of this trigger. This follows after the platform formally launched on the Solana blockchain, in response to a Monday publication by The Block.
Time.enjoyable’s newest transfer comes after a trial deployment on the Base community final yr, which, by the corporate’s requirements, was largely profitable.
Why Time.enjoyable Selected Solana Over Ethereum
Based on founder Kawz, there isn’t a doubt that Time.enjoyable was properly acquired when it initially launched on the Ethereum Layer 2 community Base in 2024. He famous that the platform noticed properly over $2 million of buying and selling quantity throughout its time on Base.
Nevertheless, Solana stays the choice that fits Time.enjoyable’s long-term progress plan higher, the founder mentioned. He defined that redemption was a serious problem that got here with the beta model. This meant that redeeming time for calls happened exterior of the platform, making monitoring tough and consumer expertise altogether much less fascinating.
With the brand new model, nevertheless, the corporate says communication now takes place on the platform. Now, patrons will be refunded if they don’t redeem their time.
What’s Subsequent?
The idea of paying somebody for his or her time is comparatively new. Nevertheless, Time.enjoyable prides itself as a pioneer within the discipline.
Not as a result of it’s the first within the area, however as a result of customers could purchase the time of their favourite celebrities on the platform and redeem the identical to have a personal chat or name with them.
Its one-on-one dialog fashion is in contrast to FriendTech, which focuses extra on group chats. Moreover, the time itself is tokenized and will be traded to find out the market value for interacting with that particular person.
Whereas its tokenized time already comes with fascinating options, Time.enjoyable has plans to do much more with Solana’s scalability.
For example, there are plans to introduce voice and video calls to enhance the consumer expertise. That isn’t to say that the corporate can also be presently mulling over the thought of launching its personal token to unify its ecosystem and encourage extra participation.
subsequent
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any choices based mostly on this content material.
Mayowa is a crypto fanatic/author whose conversational character is sort of evident in his fashion of writing. He strongly believes within the potential of digital belongings and takes each alternative to reiterate this.
He is a reader, a researcher, an astute speaker, and in addition a budding entrepreneur.
Away from crypto nevertheless, Mayowa’s fancied distractions embrace soccer or discussing world politics.
