The GaryVee Audio Experience No Ads, No Algorithms, No Data Mining | A Conversation with Ayman Hariri of VERO
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Jun 28, 2023 Ayman Hariri, co-founder and CEO of Vero, discusses the alternative social network that offers a chronological feed without ads or data mining. He shares insights on the potential shift from ad-supported to subscription-based social media. Ayman highlights the challenges of fostering community engagement while innovating for creators in a competitive landscape. The conversation delves into the importance of trust, collaboration, and improved content discovery, as well as the impact of blockchain technology on social networks.
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Vero's Viral Moment
- Vero experimented with ads in 2018, briefly becoming the number one app globally.
- The unexpected virality overwhelmed their servers, forcing them to turn off the ads.
Value of a Small Following
- While some creators achieve significant off-platform monetization through social media fame, smaller creators often undervalue their following.
- A small, dedicated following can still be highly valuable.
Blockchain and Regulation
- Current regulations, like securities law, are designed to protect investors.
- Blockchain's transparency can enhance this protection by clarifying ownership and risk.