Fobi AI Inc V.FOBI

Fobi as a "social media" company....

[gltaisignlongs]

is an idea that makes this company really exciting.

I know that Fobi is not a real social media company but the fact that Fobi keeps adding millions of users with each new wallet company that it buys and with each project that issues a wallet pass could give Fobi additonal ways to generate revenue in the future.

Most media companies in their beginnings were losing money and in most cases the main target was to get as many users as possible.  This allowed them to reach a critical mass and create an economic moat that secured their position as the go-to company for their area of expertise.

There are many differences between what Fobi is doing and the way sociaal media companies came to be but the idea is similar.  Get as many users as possible in the early stages, by good companies that also have been doing the same and at some point you will achieve the require size that will make it hard for new entrants to compete with you and for existing customers to be willing to go to a smaller company.

[PaperBoi222]

 Great in theory I like it.. Cheers PB 

[TheWatcher780]

Curious,  how would you use a wallet pass as a social media outlet for millions of users to interact? Lay me out an example of what's in your head.  Thanks 

[TheWatcher780]

Obviously there is the push notifications and personalized content for individual users.   But how would you make a full blown socail media outlet like twitter out of wallet passes?  I see the digital credentials part of this idea, but, am curious how this idea would come to fruition.   The idea would be another first to market for sure.  Peaked my curiosity. 

[steamerlane]

How about something parallel/similar to the Pinterest platform?

[TheWatcher780]

It's a great idea, don't get me wrong...especially for places like stock market forums where alot of misinformation and corruption occurs.   I just find it strange that Fobi removed the "message boards" from the investor experience wallet pass and now have a section now that says "coming soon".    Here is a quote from Fobis website on digital

[TheWatcher780]

Have a good friday. Good read.  https://www.biometricupdate.com/202211/digital-identity-and-social-media-the-big-picture

[gltaisignlongs]

As pointed out in the original post Fobi is not a social media company but this is not the main idea.  the idea is to look at how the main social media companies make their money.  Most of them make their money buy using ads.... In Fobi's case users do not exchange data among themselves but what you have is a large number of users with a common interest (20 million users that belong

[TheWatcher780]

You are definitely paying attention.  Good man.  First party data will clobber the market, and I see wallet passes as one of the key ways to obtain the required first party data to push relevant ads to customers,  instead of wasting dollars on ads that don't target correctly from siloed data.  CTV is one market that will be the hardest to penetrate, finding ways to target

[Makemesomecash]

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