Bitcoin Business Model Brings ‘Web5’ Social Network To New Revenue Milestone

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Decentralized social network Zion shot to the public eye when Jack Dorsey tweeted it as an example of what he mockingly calls Web5—mocking to so-called Web3 app that he thinks will soon be replaced by bitcoin. Now they’re generating ad-free revenue.

Justin Rezvani may have cracked the bitcoin startup business model by charging for services that connect users of his Zion social network to extra bitcoin payment services. In 2017 he attended a Business of Fashion event in Los Angeles, California.Social media entrepreneur Justin Rezvani isn’t a fan of raising capital to build a business. He does it the other way around. He sold Instagram influencer startup, The Amplify, in 2016 after bringing it over the $4 million revenue mark in year one.

After beating a brain injury that left him with a metal plate his head, he’s out to do it again with Zion, a decentralized social network built on top of an identity protocol co-built by MicrosoftHis innovative business model, giving users the option to pay for extra Lightning features, is already generating revenue, and he thinks it is just starting to grow.

 

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