Alpha Sigma Capital Invests in Blockchain Social Media Platform Hyprr
Social media usage is continually evolving with Gen-Z consuming five billion hours globally, more than any generation before. Hyprr allows an all-in-one social media and content delivery platform created on blockchain technology to offer more control to users and creators. Hyprr’s business model begins with influencers and develops a virtuous “Flywheel”; each component pushes the next, thereby driving velocity throughout the platform.
Hyprr’s all-in-one platform is powered by the utility token UDOO. Users and Content Creators can build content with easy-to-use paywall characteristics so sponsors can help content by advertising. Content creators can also create passive income via likes or shares. Hyprr has made it easy for users to turn their tokens into cash with an in-app wallet that allows users to buy, sell easily, and exchange UDOOs with their traditional currencies, including Euros and US dollars. The company also intends to add users’ capacity to withdraw their earnings straight onto a debit card. Additionally, Hyprr is combined with Fireblocks, multibillion-dollar crypto custody, and transfer application for both institutional and retail clients. Fireblocks assists communities in storing and efficiently transferring their digital assets securely.
Enzo Villani, CEO of Alpha Sigma Capital, said in a statement, “Currently, many talented content creators and influencers on Youtube, Instagram, and TikTok are fighting to stay alive as these organizations squeeze creators on their revenue-share. Hyprr solves those problems, by creating a digital assets monetization system that can leverage efficiencies of blockchain, therefore, allowing more creators to continue to generate income without the harsh thresholds used by these other services.”
“As we countdown to launch, having Alpha Sigma Capital onboard strengthens our ability to deliver the experience I envisioned when I first conceptualized Hyprr.” said David Brierly, founder and CEO of Hyppr in a statement.
In a recent blog post, Hyprr’s Chief Revenue Officer Jason Sibley explained how the company has “now expanded their creators for launch, and the collective following of these launch supporters exceeds 350 million users, and while we’re not expecting them all to rush to join us, we do expect multi-millions – and that’s a great base for us to launch from.”
The company intends to lift its launch supporter marketing embargo on July 27th, 2020, and at that time, will offer additional updates on the live launch of the application. Hyprr has 70,000 pre-sign-ups for the platform, and the company has also ‘reserved’ usernames for 100,00 significant influencers.