Wednesday, July 6, 2022
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Startup Clout.art Puts NFTs At The Center Of The New Creator Economy

by firstcryptonews
August 9, 2021
in Press Release
clout art

“Staking is the new following.” So says Jure Zih, founder of an innovative NFT startup, Clout.art, set to launch later in August. 

If Zih is correct, we could see the worlds of social media influencers and NFTs collide in a way that will forever change the influencer landscape.

Clout.art is a platform that enables content creators to turn social media posts into NFTs. In other words, it allows taking a piece of content from the past, which is freely available on a social media site like Instagram or TikTok, and creating a unique NFT monetized as a saleable asset. The kicker is to make the NFT they must delete, or burn, the original post. 

As Zih explains, “Social media timelines are all about ‘now’. Many content creators have very popular posts, but they are buried under the content that came later. With Clout.art, creators can revisit pivotal moments in the history of their digital self and make those moments available to their fans, and other collectors, as NFTs.”

Creator Economy Powered by NFTs

Blockchain provides an alternate mechanism for creators to connect with their fans directly. According to Zih, in addition to popular posts soon disappearing from view as new content is created, social media influencers must also concede that they do not own the medium and thus cannot monetize their creativity directly. The solution to this has been third party sponsorships, but this leads to questions of authenticity.

The Clout.art platform is built around its utility token, SWAY, using one of the first decentralized social media protocols, Sway Social. Creators will be granted SWAY to mint NFTs from their social media posts. But where things get interesting is how fans and collectors can use their SWAY tokens to connect with content creators. 

Based on DeFi mechanics, each content creator will have their unique staking pool, called the Creator pool. SWAY holders can stake their tokens against individual content creators, thus sending a market signal that there is demand for their content. When a creator sells an NFT, the rewards are shared with all the participants in that pool. 

“Creators won’t just profit from their audience,” enthuses Zih. “Now they will profit together with their audience. This ties in both creators, fans but also collectors as it introduces a whole new idea of social capital and NFTs as the underlying assets for the economic model to work. We’re looking at a new paradigm where staking is the new following.”

Launching with an Airdrop

clout art

Ahead of the platform launch, Clout.art is doing an airdrop to reward users for minting their Instagram content into NFTs. Users participating can get from $25 and up to $1,000 in SWAY tokens for successfully minting and burning one of their posts.

“We encourage users to pick one of their earliest, most liked, and commented posts and mint it into an NFT. It is how they become eligible for a guaranteed airdrop of 350 and up to 15,000 SWAY, which we will distribute after our token generation event. All NFTs minted are carbon neutral and free for creators, thanks to our partnership with Polygon” adds Zih.

Blockchain technology, and the most popular current use case, NFTs, might well signal a change in how creators monetize their creativity. It will be interesting to see how the social media channels respond in the future as services like Clout.art provide alternative channels for Creators to reach, connect with and monetize their audience. 

For more information on Clout.art, visit their website or sign up for the airdrop at clout.art/airdrop.

______________________

About Clout.art

Clout.art powers the creator economy of the future by turning the most valuable content, such as your most successful Instagram posts, into unique NFTs. As a microservice, a marketplace, and a staking platform, Clout.art is where creators and fans come together to create, grow or exchange social capital through the $SWAY token.

Related Posts

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

by firstcryptonews
July 6, 2022
0

On June 20th, 2022, at 14:00 Korea Standard time (KST), GEEGOO PUZZLE’s GGP Token was listed on the global virtual...

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

by firstcryptonews
July 5, 2022
0

OnRamp emerges as the new payment solution powered by Coinweb’s blockchain-based technology Coinweb is proud to announce its fiat on...

Alternative Passive Income Streams As A Crypto Investor

Alternative Passive Income Streams As A Crypto Investor

by firstcryptonews
July 4, 2022
0

The crypto market can be very crazy. Today you are cashing out big time, and the next day, you could...

Innovative DeFi protocol SLEEP to Reward Users for learning about Health & the Importance of Quality Sleep.

Innovative DeFi protocol SLEEP to Reward Users for learning about Health & the Importance of Quality Sleep.

by firstcryptonews
June 30, 2022
0

The first Web3 lifestyle app that is urging people to improve their sleep and general health. There is no catch...

THE NAME THAT YOU SHOULD GET USED TO: METAU

THE NAME THAT YOU SHOULD GET USED TO: METAU

by firstcryptonews
June 28, 2022
0

METAU is a ready-to-deploy open metaverse platform designed by creatives and built to be accessible to all. It provides a...

Investing in the Brainpower Coinstore Labs, Coinstore.com makes a shining debut in the new era

Investing in the Brainpower Coinstore Labs, Coinstore.com makes a shining debut in the new era

by firstcryptonews
June 27, 2022
0

With the rapid development of the crypto industry, more and more high-quality projects are emerging. A new potential project needs...

Next Post
MNTG Wallet

MNTG Wallet – The Next Generation Blockchain Solution

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

RFOX VALT

RFOX VALT Metaverse Announces New Virtual Land Sale of SHOPs for Its Upcoming Gaming-Inspired Quarter Arkamoto

8 months ago
Wolfs Group Investments OÜ

Wolfs Group Investments OÜ

2 years ago
iPay Makes Giant Leap Towards Becoming a De Facto Payment Gateway for Content Creators in Web 3.0

iPay Makes Giant Leap Towards Becoming a De Facto Payment Gateway for Content Creators in Web 3.0

4 months ago
Phaeton

Phaeton Announces IEO Launch on LAToken & P2PB2B

10 months ago
Tocino Tokens New cryptocurrency for the Casinos and Players

Tocino Tokens New cryptocurrency for the Casinos and Players

4 months ago
U.S President Donald Trump Announces Additional Tariffs, Adds Fuel To Bitcoin Rally

U.S President Donald Trump Announces Additional Tariffs, Adds Fuel To Bitcoin Rally

3 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

June 18, 2022

Press Release

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

GEEGOO PUZZLE’s GGP Token Recently Listed on the Global Virtual Asset Exchange ‘Probit Global’

July 6, 2022

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News