Follow us on Google News

Get your free copy of the News Marketing Bookhere

Blockchain Transaction Record

Backedby Seeks To Disrupt $100 Billion Creator Economy With web3 Subscription Payment Protocol

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 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.
Transaction ID0x0418110443b32a83e059e7af665320150f98cbcbc27e3b9c8c0acf4c5e8eef4b
Contract Address0xA7086CbdD2FEfc3382B0F37fE3Ee16ddE05934D2
NWAI Digital Fingerprint513-339aad4c3b9c582a28551ca0d8f1407d
Registration Timestamp2023-04-26T19:00:10+00:00

BackedBy does not have any other recent news to report at this time.