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.
- Not like comparable platforms centered on group interactions, Time.enjoyable focuses on one-on-one conversations with tokenized time that may be traded available on the market.
- Future improvement plans embody including voice and video name capabilities and doubtlessly launching a local token to unify the ecosystem.
The tokenized time sector appears 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 12 months, which, by the corporate’s requirements, was largely profitable.
Why Time.enjoyable Selected Solana Over Ethereum
In accordance with founder Kawz, there is no such thing as a doubt that Time.enjoyable was nicely obtained when it initially launched on the Ethereum Layer 2 community Base in 2024. He famous that the platform noticed nicely over $2 million of buying and selling quantity throughout its time on Base.
Nonetheless, Solana stays the choice that fits Time.enjoyable’s long-term development plan higher, the founder mentioned. He defined that redemption was a significant problem that got here with the beta model. This meant that redeeming time for calls passed off exterior of the platform, making monitoring tough and person expertise altogether much less attention-grabbing.
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. Nonetheless, Time.enjoyable prides itself as a pioneer within the area.
Not as a result of it’s the first within the area, however as a result of customers might purchase the time of their favourite celebrities on the platform and redeem the identical to have a non-public chat or name with them.
Its one-on-one dialog model 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 worth for interacting with that particular person.
Whereas its tokenized time already comes with attention-grabbing 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 person expertise. That isn’t to say that the corporate can also be at present mulling over the concept of launching its personal token to unify its ecosystem and encourage extra participation.
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Mayowa is a crypto fanatic/author whose conversational character is sort of evident in his model of writing. He strongly believes within the potential of digital property and takes each alternative to reiterate this.
He is a reader, a researcher, an astute speaker, and likewise a budding entrepreneur.
Away from crypto nevertheless, Mayowa’s fancied distractions embody soccer or discussing world politics.
