MG.Social — Grant Report #2

#grantreports

New web app is live at Web.MG.Social!

Project Update

Our project has been a success and we have met all the goals that we had set out to accomplish during our grant period of June - December, 2021.

Below we detail our accomplishments and what we have in store next.

Progress on objectives

One of our big objectives was to launch an MG.Social mobile app for iOS and Android.

You can find our MG.Social iOS app in the Apple store here..

You can find our MG.Social Android app in the Google Play store here..

The other main technical goal of the project was to launch our new MG.Social web app which can be found here.

MG.Social has been incorporated as a private corporation in the state of CA. Find us on the State of California business search page here.

MG.Social has obtained legal and tax representation to ensure that we maintain all required legal and tax compliance.

@newmediarights has been particularly helpful to us in drafting an updated terms of service and privacy policy and creating contractor agreements.

Key activities

When we were deciding what success would look like for the window of this grant period we wanted:

-An MG.Social mobile app released for iOS and Android (completed)
-A re-designed and improved web front-end released (completed),
-New MG.Social marketing materials (completed)
-The completion of legal and tax items (completed).

In addition to accomplishing these goals we had hoped to grow the MG.Social user base to at least 500 accounts by the end of 2021, we have blown past that goal and now have over 1350 user accounts as of December, 2021!

At the beginning of 2021 we set a goal to increase our average monthly web monetization revenue at least 240% by the end of the year.

When looking at the 3 month period of September-November 2020 we had a monthly average of $5.41 in Web Monetization revenue.

For the period of September-November 2021 we had a monthly average of $31.94 in Web Monetization revenue, an increase of 490% over the same time period in 2020!

Communications and marketing

We have created animated marketing videos for the release of our MG.Social mobile apps, located here.

We also created an animated teaser video for the launch of our new MG.Social web app, located here.

We have partnered with the XRPL Merch Store to offer MG.Social branded apparel which can be found here.

What’s next?

-Integrating decentralized posting capabilities into MG.Social.

-Launching a re-vamped MG.Social voting system to bring new XRPL token support to the platform.

-Launching support for NFT minting/galleries/trading on the XRPL with the XLS-20d standard

All this and more will be discussed in the upcoming MG.Social vision paper which will be released before the end of 2021.

What community support would benefit your project?

Everyone from the Web Monetization community please check out our project if you have not already done so.

We welcome any feedback on how we can improve. If you are working on something interesting in this space you think we should be aware feel free to reach out!

We are always looking for potential partnerships that will drive value for our company and users.

Additional comments

Thank you to everyone that has supported us so far on this journey. We are just getting started and we hope you continue to follow us and we grow and improve the MG.Social platform.