Farokh Sarmad, the founder of Rug Radio, is trying to create the Web3 version of media.
The platform targets people that work in video, writing, art, and podcasting.
- Rug Radio is a decentralized content platform with the following tagline: "Media by the people, for the people."
- Sarmad
wants to revolutionize the media space with Web3 tools. "I know that
one day they're going to write about us and what we did," he says.
- The company leverages tokenomics by offering reward tokens (RUG) for listeners and viewers alike.
- A governance token (RDAO) will be issued to allow the community members to vote on the platform's direction via a DAO.
- Rug Radio wants to offer users an alternative to Facebook, Instagram, Twitter, and other Web2 social media platforms.