Near to Help Colombian Web3 Social Network Blumer Build Token Infrastructure

Near Foundation has partnered with Colombian web3 social network Blumer to provide it with token infrastructure.

Blumer started using Near Protocol to host the rewards tokens that its users receive for viewing advertising on the platform, Blumer CEO Ernesto Ruiz told CoinDesk, adding that users will be able to convert tokens to other crypto or send them to wallets using the Near blockchain.

Bitcoin Sees No October Rise Just Yet

Interest Surges in Bitcoin Speculation; MENA Was…

BTC Starts June Trading above $30K

Blockware Solutions Analyst: Bitcoin’s Price…

October Gains in Bitcoin Erase September’s Loss

Alameda-Linked Wallet Movement; Bitcoin Miner…

Binance’s Market Share Sinks After CFTC Lawsuit:…

Bankman-Fried’s Bond Co-Signers Identified,…

Bitcoin Heading for Biggest Monthly Gain Since October

The platform currently has 790,000 users, with Colombia leading the way, followed by Mexico and Venezuela, said Ruiz, who added that on average users receive $7 a month for using Blumer.

Besides monetizing their time on the platform by consuming ads, Blumer users can also sell NFTs or transact with crypto, Near Foundation said in a statement.

Recommended for you:

• The Key to Taxing Digital Assets Is Finding the Right Cubbyhole
• Trump Digital Trading Card Project Mints NFTs for Winners of Prizes
• Bitcoin is Behaving as the Uncorrelated Asset That Some Investors Want, if Only Its Price Would Increase

Before sealing the partnership with Near, Blumer delivered its tokens through its own blockchain infrastructure, and users in Colombia were able to convert them into cash at local Davivienda banks, Ruiz said.