Blockchain Transaction Record
BackedBy announces the launch of their web3 recurring payment protocol today. Built for content creators, BackedBy brings decentralized, privacy-first payment subscriptions to the blockchain. Creators can now publish directly to their supporters in a way that can never be interrupted or censored and for a fraction of the cost.
Exclusively at Newsworthy.ai — Newsworthy registers every press release distributed through this service on the blockchain so that we can provide verification services and make features such as the self-hosting of press releases available to our customers. The blockchain provides an immutable record of the press releases issued by this service. Immutability gives readers the assurance that the news they are reading has not been altered from the source document that this service distributed. We have shifted the Source of Truth to the blockchain for added protection.
Moving the Source of Truth to the blockchain improves transparency and increases trust between organizations submitting news and readers.
Key Takeaways (TLDR)
- BackedBy introduces web3 payment protocol for content creators on Polygon blockchain.
- BackedBy offers decentralized, privacy-first subscriptions for a fraction of the cost.
- BackedBy accepts only stablecoins for payouts, providing financial stability for creators.
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