- Steemit, the first and largest blockchain-based social network, today announced the launch of a new cryptocurrency product that will seamlessly connect content-hosting websites to new revenue streams, consumer bases, and development opportunities.This fall, Steemit will release new software that allows top publications, mainstream publishers, and social media platforms to create native tokens based on the Steem blockchain, allowing companies to integrate a customizable and intelligent token system into their website, portal, or platform.The protocol enables anyone to launch Smart Media Tokens (SMTs) for their website, app, or community, from The New York Times to Subreddits to an independent WordPress blog, with the potential to create transaction revenue in ways that paywalls and subscriptions continue to come up short. SMTs are designed to reward publishers and consumers with native tokens based upon their contributions to the platform, based on likes, votes, views, shares, and comments.
CEO of Steemit Ned Scott said:
Print is dying, ad integration is inefficient, distracting, and generally unwanted by consumers, all of which has led to a widespread battle to monetize content. SMTs represent the new frontier of a tokenized internet. We are going to see native tokens across thousands of mainstream websites where content is curated by the crowd, and publications and content hosts can establish dedicated revenue streams to allow richer and smarter content targeted directly to a user base.”
Let's hope this means another price pump for STEEM :) Last time they announced the SMTs the price jumped over 70%
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https://steemit.com/steemit/@thesilentranter/steemit-introduces-new-way-to-monetize-media-and-publishers
So I'm moving all my blog content to STEEMIT because my traffic was terrible. How does this help me? Can I get SP and SBD from upvotes on non STEMIT platforms?