Former Truth Social CPO, Billy Boozer, announces Letr, a new platform focused on promoting free speech through innovative funding models, challenging the traditional content monetization landscape.
In an era where the conversation around digital free speech and censorship has intensified, a new platform is stepping into the limelight, aimed at reshaping how content creators share and monetize their work. Billy Boozer, once the Chief Product Officer of Truth Social, has announced the upcoming launch of Letr, a platform that positions itself as a bold alternative to Substack, with a focus on promoting free speech through innovative funding models and technical infrastructure.
Billy Boozer’s journey in the tech world has been notable, highlighted by his instrumental role in the launch of Truth Social, which he helped propel to over six million users. However, Boozer departed from the company in 2022 amidst leadership shuffles and a divergence in the vision for free speech, fueling his drive to create a platform truly reflective of his principles.
Letr stands out by rejecting the traditional advertising revenue model, which Boozer criticizes for potentially stifling free speech in the bid to appease advertisers. Instead, the platform will rely on subscriptions and micro-transactions, giving creators the autonomy to generate content without external pressures to conform.
The vision for Letr is ambitious, encompassing a broad range of content formats, including podcasts, articles, and videos, empowered by decentralized technologies like Nostr and the Lightning Network. This integration not only advocates for free speech but also invites an existing, passionate audience that values the principles Letr stands for.
Alex Gleason, former Head of Engineering at Truth Social, joins Boozer in this venture as the Chief Technology Officer. Together, they emphasize the future potential of decentralized platforms and highlight Letr’s commitment to catering to creators concerned about censorship and deplatforming issues prevalent in existing platforms. Unlike Substack and Ghost, which rely on payment processors like Stripe, Letr aims to offer broader monetization and payout options, including support for cryptocurrencies through the Bitcoin Lightning Network.
This development presents a noteworthy shift in the digital content creation landscape, particularly for creators seeking a platform that upholds free speech principles while providing practical monetization avenues. Letr’s refusal to rely on traditional payment services, criticized for censorship and deplatforming, signifies a strong stance against the status quo, fostering a more inclusive and supportive environment for content creators.
Scheduled to open its doors to creators in Summer 2024, Letr is heralded as a significant leap forward for digital free speech and creator autonomy. With a foundation deeply rooted in decentralized technology and a clear commitment to upholding free speech, Letr could redefine how content is shared and consumed online.
As the digital world continues to grapple with the challenges of censorship, privacy, and free speech, platforms like Letr offer a glimpse into alternative models that prioritize the creator’s voice over advertisers’ demands. The upcoming months will undoubtedly be watched with keen interest as Letr moves from concept to reality, potentially setting a new standard for digital content platforms.