ALIVE Video Sharing Service Acquired By TTC Blockchain Networking Protocol
TTC is an innovative protocol, using tokens as incentives on their blockchain for involvement in social networking. In a recent change to their ecosystem, they have added ALIVE, which was a move that increased their user base around the world to over 22 million, which beats out Steemit by 20 times over. Lately, this seems to be part of a long-term effort for TTC to bond with different partnerships and investment opportunities.
ALIVE has already been operating separately before the partnership, functioning as a global video sharing service. Right now, it has over 10 million downloads, with 1 million monthly MAU from North America, India, and China in just the last year.
Most of the reason for their exponential growth is due to their video editing technology that other companies have not managed to replicate. This application is available in the App Store, allowing users to modify any of their videos over 1 GB. Its performance and ease of use are so popular that it has been featured as one of the Best New Apps and Make Great Videos Apps in the App Store.
The first DApp that TTC decided to add to their company was tataUFO. This social networking service has been thriving since early last year and has since continued to have a 70% average increase per week in users and messages. The app is so reliable that there are 400 registered schools in China that use it for about 80 million daily messages.
Regarding the new acquisition of ALIVE, Brian Cheong (CEO of TTC) said,
“As TTC acquired ALIVE that holds 10M users, accelerated growth can be expected of the TTC ecosystem. It is now possible for a robust large-scale economy to flourish.” Later in his statement, he said, “ALIVE will now be able to take its next jump in the global market by taking advantage of TTC’s incentivizing system.”
TTC’s ultimate goal right now is to reach 100 million global users before the end of 2018, which is why they are hoping to partner with other social media platforms. The biggest reason for a blockchain’s failure is often due to a lack of users, but their 22 million users between their partnerships with tataUFO and ALIVE is keeping their protocol alive.
The company recently added Thanh Nguyen to their team. Nguyen recently worked as the CSO and CIO at VNG Corporation, which is the biggest internet company in Vietnam, hosting over 100 million users on their messaging app (Zalo).
To learn more about TTC and their partnerships, visit their official website at ttc.eco/ and reviewing their whitepaper.