A rise in popularity among celebrities has meant that new Social Media site Pheed has sprung up from nowhere to possibly be the next big thing.

Forbes calls the self-funded start-up, ‘Twitter with a business plan’, the idea of Pheed is to share content in all formats, including audio, video and photo. Influencers such as celebrities can then share content for free or share for a fee, therefore giving fans a more exclusive and higher quality piece of content.

Celebrities that have jumped aboard the Pheed train so far include, Miley Cyrus, B.O.B and Paris Hilton. The site has only been live for a couple of days but already gathered a huge celebrity following, though it is still to be seen how fans will react and whether they will be willing to pay for the exclusive content. The key to this site surviving is celebrity endorsement and impressive content to keep users coming back. Try it out.