CNNN
Industry:
Media & Entertainment

DESCRIPTION

ConneXionONE is a development-stage company building a decentralized social media platform intended as an alternative to incumbent platforms like Facebook, Instagram, Twitter, and TikTok. The platform's key features include a user-controlled content algorithm (as opposed to a platform-driven algorithm), an AI-assisted content creation tool, a rewards system that pays users for engagement, and a creator's marketplace where content creators can license their content to brands and advertisers. ConneXionONE's intended business model centers on mobile advertising mediation — matching ads from businesses and agencies to relevant content and distributing them to users — with the creator's marketplace serving as a secondary revenue channel. As of the filing, ConneXionONE has paid $442,000 to a third-party developer to build the app, which was completed in October 2022 and is available for public download. The company owns all intellectual property from this development. ConneXionONE has not yet generated revenue and is still raising capital. The company trades on OTC Markets under the ticker "CNNN."

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