Bhapi Industries is a family-focused safe social media platform that was founded in 2021. The company’s mission is to create a safe place where everyone is a creator. Bhapi’s secret sauce is its NFT digital marketplace where the whole family can create, trade, and sell digital content.
Bhapi’s revenue model is based on app subscriptions and in-app purchases. The target market is families, and the company’s acquisition channels are creators and schools. The app is currently available in the Google and Apple app stores in English and Portuguese. Bhapi is currently in beta testing with its NFT marketplace and wallet.
The Need for a Safe Social Media Platform
Social media has become an integral part of our lives, and it’s hard to imagine a world without it. However, with the rise of social media, there has also been an increase in cyberbullying, hate speech, and other online abuses. This is especially true for children and teenagers. Bhapi Industries aims to provide a safe social media platform where families can interact without worrying about their safety.
How Bhapi is Different from Other Social Media Apps
Bhapi Industries is not the first safe social media platform, but it’s different from other apps because of its NFT marketplace. NFTs, or non-fungible tokens, are digital assets that use blockchain technology to authenticate ownership. Bhapi’s NFT marketplace allows families to create, trade, and sell digital content while maintaining ownership and authenticity.
The Role of NFTs in Bhapi’s Business Model
NFTs are a central element of Bhapi’s business model. The company plans to generate revenue by taking a cut of the transactions that take place on its NFT marketplace. Additionally, NFTs are used to support identity within the app. Bhapi is currently in progress of implementing NFT identity support for its users.
Key Milestones for Bhapi in 2022
In 2022, Bhapi Industries achieved several key milestones, including the release of the app in the Apple and Android stores, trademark approval, a JV partnership agreement with cybersecurity company Wontok, and code completion of the NFT marketplace and wallet.
Key Milestones for Bhapi in 2023
Bhapi’s goals for 2023 include releasing the NFT marketplace and wallet on both Apple and Android app stores, implementing NFT identity support, implementing full COPPA and parental controls to allow children to use the app, UI & UX enhancements, and Spanish language support.
Bhapi Industries has a unique business model that leverages NFTs to create a safe social media platform. The company’s focus on family is timely given the current social climate. With key milestones achieved in 2022 and ambitious goals for 2023, Bhapi Industries is poised for success. Families looking for a safe and fun way to share experiences should check out Bhapi’s website or social media channels to learn more.