Hiblocks

Hiblocks is a blockchain-based social media platform that aims to restructure the digital content economy. Founded in 2019 by Sanghoon Kil and Jiwon Shu, and headquartered in Seoul, South Korea, the company seeks to create a more equitable system for content creators, curators, and consumers. The platform's core function is to allow users to curate and share content from major social networks like YouTube and Instagram.

The business operates on a reward-based model, where engagement is tokenized. Users, including both content creators and those who find and share valuable content (curators), are rewarded for their contributions to the platform. This model addresses the issue seen in traditional social media where platform providers capture the majority of the revenue. Revenue is decentralized through the issuance of HIBS tokens, the native cryptocurrency of the Hiblocks ecosystem. These rewards are distributed transparently on the blockchain, allowing for fair allocation of profits generated from user activity.

The platform utilizes a hybrid blockchain structure, combining public and private chains built on the Klaytn network. This architecture ensures transparency in reward distribution on the public blockchain while protecting user data on private chains. Beyond content curation, Hiblocks has outlined plans for future services including an NFT marketplace, a location-based challenge application using AR, and VR services. The company has received backing from institutional investors like Nexus One and has formed strategic partnerships, notably with Meta Kongz and the Klaytn blockchain, to enhance its technological development and expand its community reach.

Keywords: content curation, blockchain social media, token economy, creator rewards, HIBS token, decentralized revenue, Klaytn blockchain, digital content, NFT marketplace, social media platform, Sanghoon Kil, Jiwon Shu, crypto rewards, user engagement, content sharing, decentralized application, Web3, community building, HABL app, crypto token