Coinsilium Advances Its Web3 Social Network 'Byzant' With New Strategic Partnerships

Coinsilium Group Limited, a notable entity in Web3 advisory and investment, has recently shared updates on the development and partnership expansions of its Web3 Social Network Ecosystem, Byzant. Jointly with Indorse, its portfolio company, Coinsilium is spearheading the Byzant project, aiming to revolutionize the social media landscape with decentralized solutions and a suite of Web3 applications.

The collaboration includes leading digital advertising and blockchain partners, with Coinsilium having significant economic interests in Byzant, including equity in Indorse and a substantial share of IND tokens. This initiative is set to transform the functionality and User Experience (UX) issues facing current Web3 applications, with Indorse as the primary technology partner and Coinsilium offering strategic advisory services.

Highlighting the project's advancements, Eddy Travia, Coinsilium's CEO, expressed optimism about the development of the Byzant ecosystem and its advertising network, Adbazaar. Travia underscores the vital role of advertising revenues in the social media sector and envisions a similar trajectory for growth in Web3 through Adbazaar, bolstered by partnerships with A-Ads and Linkko.

Moreover, A-ADS joins the Byzant Collaboration, leveraging its extensive experience in crypto-powered advertising to develop Adbazaar. This new addition is anticipated to enhance Web3 advertising by integrating innovative tools like on-chain analytics for more targeted advertising opportunities. Also, the inclusion of Linkko's technology aims to introduce a user-empowering model, offering incentives for ad engagement and establishing trust between advertisers and audiences.

Coinsilium has initiated the first phase of the Byzant social media application, currently in a private alpha version within the ecosystem. The company promises regular updates on this ambitious collaboration, as it aims to redefine monetization strategies and user engagement in the Web3 domain.