Byte, new short video service launched by Vine co-founder
Unlike TikTok and other competitors, the service will immediately focus on monetizing the authors' content.
In his Twitter profile, Vine's founder, Dom Hoffman, talked about the service for the first time in January 2018, when he informed that the project under the works and will not be launched until summer 2018.
Byte allows you to upload vertical and horizontal videos from your smartphone gallery or shoot them directly in the app. Byte's team promised to introduce a pilot version of an affiliate program "very soon", which will allow content creators to earn money from their videos.
In a comment to Techcrunch, Hoffman explained that initially the service is going to use a revenue-sharing model and share advertising revenue with the authors and support them with the company's own funds.
Hoffman founded Vine short video service in 2012 together with Rus Yusupov and Colin Kroll, which was bought by Twitter even before the launch. Hoffman left the company in autumn 2013. In 2016 Twitter stopped supporting Vine due to its financial problems.