All social media apps have formed their own identities, and let’s face the truth: The apps all feel the same at this point. This led to the birth of a new app designed solely to break the wheel and reinvent it.
The Clubhouse is a social media app that lets users finally experience a breath of fresh air in the social media app market. By bearing in mind to differ from the rest, the app focuses on all aspects of social media interaction that haven’t been implemented in the way it was meant to be. The Clubhouse has everything it needs to keep users curious about it, and we’ll discuss what exactly makes it pop out from the dull, monotonous media market.
What is Clubhouse?
Clubhouse, in simple terms, is an exclusive audio-based social media app (appdupedotcom). The app focuses on audio-based interaction and content creation that is available to a very selective audience. The platform allows users to participate in chat rooms, join or host in a new room of their liking.
The apps’ users have to be invited by their contacts. This feature might initially pose a problem, but it promotes exclusivity for the app. The app has over 8 million downloads, and the number continues to increase, which is surprising considering the app is invite-only. Let’s understand how the app became so popular in such a short period.
Why is Clubhouse turning heads?
The main reasons why Clubhouse got popular will be its exclusivity and audio content support implementation. The app is currently available only on iOS, so only Apple users have access to the app, further signifying its exclusivity. In addition, the app focuses on the immediate availability of audio content hosted that will be difficult or impossible to access later on. So the factor of urgency makes users stay on the app so that users won’t miss anything of value.
Several influencers and experts of various industries have made the app much more rewarding to use. In addition, the value of tech communities and start-ups from where such influencers arise would become famous and successful due to the exposure. It’s a win-win for both the general users of Clubhouse and the influencers alike.
How to use Clubhouse?
The app only runs on the iOS platform, so it is necessary to have an Apple device to download the app. Once the user downloads the app, they have two options to gain access to the app.
To register on the app, users have two options:
An existing Clubhouse user has to invite another Apple user to register to the app. Besides the new user feeling special about their invitation to an elite Club, the app also gains users interested in different content, further diversifying the user base and influencing content creators to be unique.
The waiting list is for new user to register their username and wait until their friends who use Apple devices are notified. Then, any of the contacts can add them to the Clubhouse from there.
After registering, the user can either join an ongoing room or host their room. For example, several influencers would be hosting rooms relevant to their niche, which users can join, but will be muted through the duration of the host’s audio conference or stream.
- The app will direct users to a “Hallway,” which is the app’s main feed. This section contains real-time conversations that are accessible until the host ends the session.
- The app will have a search bar that allows users to find the influencers they want to listen to.
- The calendar will contain all upcoming events and important dates marked. The user can freely edit and schedule it according to their needs.
- The room function is where the main event of all audio streams is. The host can make the event as exclusive as they want it to be, whether for followers only or the public.
- Users can invite their friends online if they want to with the invite option.
How Clubhouse slowly becomes a powerhouse of social media platforms
The Clubhouse was launched in May 2020, during the strictest lockdown protocols that were followed worldwide. The app started on one platform, with an invite-only social media platform. So it’s surprising that the app has farmed over 8 million users almost one year later and is still operating only on one platform, iOS. This stat is a remarkable feat no matter the app’s nature, especially an audio-centric social media app.
With the growing number of mobile social media users, this number will grow in the upcoming months and hold its own identity as the best audio-based social media platform, unless you have a better implementation and plan for a similar app idea.
Clubhouse showing other social media apps how it’s done
The massive success of Clubhouse did not go unnoticed. That is an understatement, as it got even the social media industry leaders like Zuckerberg interested in it. As a result, the Facebook CEO is implementing some features of Clubhouse into Facebook and Instagram as well. Likewise, Twitter followed Zuckerberg’s lead to a plan to incorporate some elements of Clubhouse as it would make its platform more diverse and fun.
Instagram has now added live streaming features with up to three more people, which was earlier only 1. This addition opens up a new realm of possibilities for influencers to gain a wider audience and host interactive sessions with fans.
Twitter has created a “Twitter space” feature that allows users to join an ongoing discussion, much like the rooms in Clubhouse. It will also contain hand gestures like raising hands, applauding, and more. It is no doubt that Clubhouse is the new standard of social media interaction, and it has nearly no competition in its field.
Steps to get started on your Clubhouse Clone
To any app development and business, there need to be proper measures for the app not to be another trend that dies off.
There are more than a few factors to figure out before stepping into development. First, the app that will be developed needs to cater to the audience that will enjoy using it. Finding the target audience, the demographic, and how they will interact with the app is crucial before further steps are taken towards developing the app.
Surveys, forms, focus groups, etc., can be used to find out these details.
The app can be free to use or be pay-to-use. While almost all social media is free to use, it is entirely acceptable to charge a fee for using the app. The app can also earn through advertisements.
The right team cuts costs and offers a pleasant experience while working with them and saving time. The business owner can be suggestive of changes while the process is going on, and the results will be worth the time and money invested in
Features of Clubhouse clone app
The Clubhouse clone app contains several immersive features designed to captivate users and make them spend more time on the app. Here are some of the features of the Clubhouse clone script:
- Upcoming events
- User profiles
The boons of an audio-based social media platform
Audio-based social media has an increased percentage of traffic that is more inclined to continue using the app’s service.
- Maximized user engagement
Users can stay more engaged and involved in the app, as the rooms, once closed, won’t be available to visit again. In addition, the sessions are all real-time, so users will feel missing out if they are not on the app for too long.
Users can connect with other users more efficiently with fewer fingers, images, GIFs, etc. In addition, people can talk to each other instead of text, opening more opportunities for businesses, influencers, and industry professionals.
With an audio-centric platform and invite-only features, users will feel more sophisticated when part of the app. In addition, the app will feel more elite and exclusive due to interacting with influencers directly, rather than feeling left out when watching them through a screen.
How to develop the perfect Clubhouse Clone app for your business?
Partnering with a company or team
This is the simplest method, but it costs relatively more time and effort than other ways of building your app. The company appoints a team of developers to work on your project, which will be discussed in detail, and go through these five iterations of development until it is ready to take over the market:
- Testing and deployment
- Maintenance and enhancement
Buying a clone app is the fastest and most often the best course of action to build an app for your business. There are brilliant white-label apps that pack all the bells and whistles of the original app, and more features are added and customized to your liking. There are clone app solutions that are highly robust, versatile, and dependable for your business needs.
Hiring a team from scratch
This method costs more time and resources and requires the business owner to play the project manager’s role until the app is ready. Every aspect of the app, such as technology stack, scalability, and features, will be developed by the team from the ground up. The business/app owner covers running and maintaining the servers, testing, and additional costs.
The advantages would include the owner keeping track of progress, staying up to date with the project details, and rectifying mistakes quickly.
How much would it cost to develop a Clubhouse Clone?
The cost of app development is generally high under normal circumstances. Still, some factors heavily influence the cost of development, and they can be researched and reduced to an extent based on the options available. Here are some factors to consider to reduce the cost without compromising on the quality of the app build.
- Team location and size
- Experience of team
- Technology stack
- Features to be added
- Platforms it will run on
The Clubhouse has only started its journey in the social media game. The app will continue to grow, ushering the new field of audio-based social media to grow more, inviting new competition. So create your Clubhouse clone app that rivals the originals in functionality and performance.
Get ahead of the curve, take advantage of the full customization options with the Clubhouse clone script, and be the industry’s next face-or voice.
Image Credit: All images provided by the author; Thank you!
Fintech Kennek raises $12.5M seed round to digitize lending
London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.
According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.
The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:
“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”
The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:
“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”
The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.
The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.
Featured Image Credit: Photo from Kennek.io; Thank you!
Fortune 500’s race for generative AI breakthroughs
As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.
Goldman Sachs’ Cautious Approach to Implementing Generative AI
In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.
According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.
One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.
To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.
Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.
Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!
UK seizes web3 opportunity simplifying crypto regulations
As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.
Streamlining Cryptocurrency Regulations for Innovation
To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.
The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.
Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.
The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.
Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!