NewsX, the UK’s pioneering media Community Interest Company (CIC), has marked a milestone on the blockchain with the launch of a memecoin. This initiative, developed alongside its forthcoming independent news platform, DailyGoat.com, has already demonstrated notable success by breaking blockchain records.
Despite not yet publishing any news content, DailyGoat.com has garnered significant attention, attracting 100,000 visitors within a short span following the memecoin’s release. The platform is set to showcase reports from NewsX’s publishing affiliates and established journalists who may not find opportunities within mainstream outlets. The site is expected to go live within days with its first round of articles.
Memecoin’s Rapid Success on Solana Blockchain
NewsX introduced the DailyGoat.com (DGC) coin on the Solana blockchain, utilizing Pump.fun, an emerging blockchain-based social media platform. This platform connects digital investors to a vast array of memecoin projects, offering a secure space for participation in the blockchain ecosystem.
According to Top100Token, a data provider, DGC achieved remarkable results within its initial 24 hours. It ranked as the top gainer on Solana’s decentralized exchange, which handles an estimated £3 billion in daily transactions. The coin’s market capitalization soared to $1.2 million, with trading volumes exceeding $3.5 million.
This notable success translated into significant exposure for DailyGoat.com. The influx of visitors indicated growing anticipation for the platform’s content, underscoring how blockchain innovation can generate substantial traction for digital media enterprises.
The Vision Behind NewsX’s Blockchain Integration
Mike Leidig, CEO of NewsX Media CIC, highlighted the unexpected surge in traffic and sign-ups for the news site, even before its official launch. He emphasized that the media industry has largely overlooked the potential of blockchain communities as a dedicated readership base. By leveraging blockchain’s dynamic environment, NewsX aims to cultivate a sustainable and engaged audience.
In collaboration with digital asset entrepreneur Daniel Mark Harrison, Leidig’s approach reflects a growing belief in the opportunities that blockchain social platforms like Pump.fun can offer. Harrison noted that traditional platforms such as Facebook would likely have yielded far fewer sign-ups compared to the thousands achieved through the blockchain network. He asserted that this emerging avenue opens up new possibilities for publishers aiming to connect with wider audiences.
Independent Journalism with Blockchain Support
DailyGoat.com is designed to provide independent journalists a space to publish impactful stories while maintaining their editorial freedom. NewsX’s extensive collection of viral stories, frequently published in mainstream UK outlets, will complement the contributions of experienced reporters.
A significant component of the venture’s long-term strategy involves the allocation of DGC coin supply. NewsX will receive 10% of the coin’s supply once its market capitalization reaches $100 million, with an additional 15% upon hitting the $1 billion mark. These funds will be reinvested into supporting independent journalism, ensuring continued growth for both the platform and its contributors.
Pioneering a Decentralized Newsroom
Looking ahead, NewsX aspires to establish the world’s largest decentralized newsroom. The combination of blockchain-based financial backing and independent journalistic efforts is expected to create a resilient media ecosystem. With its innovative model, NewsX seeks to challenge traditional media conventions while providing readers with authentic and uncensored content.
By uniting blockchain technology with media innovation, NewsX has set a precedent for how decentralized platforms can empower the future of independent journalism. The launch of DGC and the anticipated debut of DailyGoat.com demonstrate the potential of blockchain as a transformative force in the media landscape.
