Drakulaapp Challenges TikTok with Over $2.5M in Creator Payouts

Drakulaapp, a new platform for video creators, is making waves by offering an economic model that promises to outpace TikTok's payouts to creators. The platform has already distributed millions to creators through various initiatives, including Creator Tokens, with $1.5 million distributed representing 5% of the volume, and an Onchain Creator Fund, which has approximately disbursed $1 million. Additionally, a prize pool of 28000 $degen, worth about $975 USD, is available, with submissions due tonight before 9PM ET. Drakulaapp plans to leverage $DEGEN, a cryptocurrency, to potentially pay out billions to creators annually. The app has initiated weekly payouts, with the second week seeing over 50 creators receiving a total of 20,000 $DEGEN (valued at $700) directly to their wallets. This innovative approach to creator compensation is drawing attention from the creator community, with notable figures like Alex Masmej highlighting the platform's potential to significantly outperform TikTok's economic model for creators.