When it comes to social video apps that prioritize very short videos, Vine is the first name that comes to mind, but a brand-new app called OEVO is designed to offer all the fun and functionality of Vine with the added incentive of cash prizes for content creators.
The first difference between OEVO and Vine is that the former lets you make videos that are up to seven seconds long, which is one second longer than Vine's limit. But the true standout feature of this new social video app is the fact that it offers cash prizes to the most widely shared videos, with the top 25 creators on any given day splitting a $100 prize. This may not seem like a huge amount, but users who can become prolific content creators stand to earn a lot of money in the long term.
By retaining the popular short video format and adding a cash incentive, OEVO is looking to well and truly disrupt the quick-sharing video app model.