Showing posts with label nfts. Show all posts
Showing posts with label nfts. Show all posts

It's Time To Acknowledge Facebook May Soon be a MAJOR Player in the NFT World - Have They Learned From Past Mistakes?

 Facebook Instagram NFTs

Meta has been working since the beginning of the year to immerse itself in NFTs, the beta testing began in the United States with a group of content creators last May, and then opened to the public in some countries in June.

Since opening, Brazil leads the list of countries with the largest number of users with NFTs, followed by Mexico, and Argentina in third place, according to Statista.

With this new step, a total of 100 countries now have access to the NFT features...

The plan will eventually end with all 251 million users able to participate.

As part of the launch, Meta CEO Mark Zuckerberg shared an NFT version of this childhood photo on Instagram..

lil zukk

"In honor of expanding digital collectible NFTs to 100 more countries on Instagram, I'm sharing my old and soon to be NFT Little League baseball card."

The next step is to make the platform fully compatible with the rest of the crypto/nft world...

This means supporting popular wallets people are already using - MetaMask, Trust Wallet, Coinbase Wallet, and Dapper Wallet support is coming soon. Meta has stated that there are no fees associated with posting or sharing a digital collectible on Instagram.

All NFT's minted on the platform will end up on the Ethereum or Polygon blockchain, and they will be adding Flow and Solana soon.

Did We Underestimate Mark Zuckerberg?

To be fair, the crypto world has valid reasons to be skeptical anytime Facebook starts hyping up their plans for the future.

"Disaster" sums up Facebook's first venture into crypto with a coin called 'Libra'. Behind that coin was an aggressive plan that would bring together powerful organizations and companies from around the world of traditional and corporate finance, with the goal of basically taking over the crypto world in one giant leap.

This alliance of companies and organizations that would govern the coin was called the Libra Association, but their plans were so aggressive that governments began fearing that their influence could end up going beyond crypto, reaching their currencies too.

At the time, Governments Around the World Were Focusing on Facebook...

It wasn't long until politicians in virtually every country where people used Facebook were sharing concern, or complete disapproval.

The most common argument Facebook owning a popular online marketplace, holding the power to choose who can buy or sell there, and issuing their own money would give Facebook more power than any private company should have - governments don't like it when people try to do THEIR job.

US Senators summoned Facebook executives to Washington, DC where they questioned their intent and long term goals with Libra Coin - it ended with politicians from both major parties swearing they'd never allow Facebook's vision to become reality.

The Trump administration said they were "uncomfortable" with the whole thing, and in a rare moment, Democrats agreed, with one Democratic senator labeling Facebook "delusional" for ever thinking it could happen.

But Does Zuckerberg take 'no' for an answer? No.

Of course, Zuckerberg couldn't help but to take one last shot at making it happen.  This time they would avoid making headlines, hoping to quietly glide through required regulatory processes in the countries they wanted to operate in.

So first, they changed the project's name to 'Diem Coin', which would be managed by the 'Diem Foundation'.  But instead of the fresh start they hoped this would bring them, they quickly learned that the name change didn't fool anyone, people were actually paying attention, and politicians were still telling them "no."

While they never got to use it, they did create a blockchain protocol of their own, a custom wallet and various other tools and assets, they were ready to go big - in the end, they managed to sell everything they built to a company called Silverware for $200 million according to the Wall Street Journal.

The news about the sell, from 8 months ago, is still the most recent update on the website for Diem Coin. 

Fast Forward To Today - Facebook Hasn't Made the Same Mistakes Twice...

None of the chaos we saw with Libra/Diem has been present in Facebook's expansion into NFTs. From their first announcement to recent launch it remained generally free of controversy. 

Now it's starting to look like Zuckerberg may have built a legitimate platform, focusing on becoming part of the NFT world, not plotting to overtake it.

There's potential for Facebook to become a major player in the NFT market - do you agree? Tweet us your thoughts @TheCryptoPress and we may add them to this article!

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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News



NFTs.com is Now the Most EXPENSIVE Crypto URL Ever - the INSANE PRICE + Possible Plans of the SECRET 'UNNAMED' BUYER...

NFTs.com

While sales of NFTs have slowed, they're far from dead.  The amount of NFT based transactions still happening in the current down market is proving to investors and businesses that NFTs are here to stay.  Platforms like Twitter and Instagram implementing them provides more evidence for this claim. 

What is almost completely gone is part of the NFT world, the stupid part where we saw this thing sell for $7 million. Most suspected this was a temporary phase that could only happen with something that was both new and exploding in popularity - they were right.

But many are still saying the NFT world still has huge room for growth, and there may be some truth here.

The argument that NFT's have just begun revolve around virtual reality (aka the Metaverse) as any object in a virtual world can become your tradeable and sellable property if turned in to an NFT. 

Brands like Nike believe the people wearing their shoes in the real world may want to be seen wearing them in the virtual world as well - same goes for those who line up outside of shoe stores in the middle of the night to be among the first there when it opens, and pay 2 to 3 times more for a 'limited edition' sneaker.

Sneakers that they don't need to buy the materials to make, pay for the labor to assemble, or ship from one location to another to sell - this is the dream that has major brands drooling. 

This is the thinking behind valuing NFTs.com at the selling price of $15 million...

An 'undisclosed buyer' finalized the purchase through Domainer, a domain marketplace operated by GoDaddy, with Escrow.com facilitating the transfer of funds. 

“It was a pleasure working with all parties involved at NFTS.com, an incredible opportunity for the buyer to acquire one of the best possible .coms, if not the best, in the entire web space3,” said Matt Holden of Domainer

For some perspective, Crypto.com sold for $3 million less.

Buyer Most Likely a Company...

With a price-tag this large odds are a company is behind the purchase.

With brands like the NBA, NFL, Visa, Coca-Cola, Dolce & Gabanna, Tommy Hilfiger, EA Games, Ubisoft, Gamestop, Nike, Adidas and so many looking to make their mark in the NFT space, there's a lot of cash flowing behind the scenes. 

Chainalysis estimated institutional investors accounted for 33% of all NFT related transactions in their report on Web3 earlier this year.

Waiting For The Mystery Buyer to Show themselves...

Now the NFT industry is waiting to learn who the buyer was, until then, all they can do is speculate.

Will NFT marketplaces have some new competition?  Whoever the buyer is, they have the funds needed to be a potential threat.

Could a single clothing or gaming company have snatched it up to use as a place to feature their NFTs exclusively?

Or, this could come to the most anticlimactic, but very possible ending of them all - someone from the domain industry who believes they can sit on for awhile and make a few million selling it again - perhaps just waiting for the market to recover from this most recent downturn. In other words... just HODLing it.

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Author: Ross Davis
Silicon Valley Newsroom
GCP | Breaking Crypto News

MetaBlaze Building A Multi-Layered Metaverse: Prepares to Launch Its Highly Anticipated MetaGoblin NFT collection on OpenSea NFT Marketplace

In a move that is set to bring sustainable digitized art and creativity into the blockchain-based virtual world, MetaBlaze is preparing to launch its high-quality, character based MetaGoblin NFT Collection on OpenSea. The collection features traditional fantasy-themed Goblins-propelled into the Metaverse.


MetaBlaze®, a new Blockchain Gaming Company, is gearing up for the official launch of its intricately detailed, utility-packed MetaGoblin NFT collection set to list on the OpenSea NFT Marketplace in the coming weeks. The NFT project is inspired by in-game mystical creatures from a Player-versus-Player, Play-to-Earn game currently in development by the blockchain gaming firm, MetaBlaze.


Following the OpenSea listing, MetaGoblin NFTs will also be listed on uber-popular rarity ranking websites such as Rarity Tools, a trusted platform that provides users convenient means to check the rarity rankings of NFTs. MetaBlaze is excited to offer such a unique and innovative project to the NFT space and looks forward to seeing MetaGoblins take flight in the coming weeks.

MetaGoblins are one-of-a-kind digital beings that exist on the Ethereum blockchain. Each MetaGoblin NFT has distinct characteristics, making it a truly unique collectible. The collection brings a total supply of 10,000 NFTs, with 398 hand-created, 3D traits.


MetaGoblin NFTs are the first playable characters in the MetaBlaze Metaverse – an immersive, utility-driven, rewards-generating, strategy-based gaming platform. These MetaGoblins (and other MetaBlaze Series NFTs) can be used to participate in unique Play-to-Earn games, contests, competitions, and more. Each MetaGoblin is unique – not just in appearance and story, but in its underlying meta-data attributes. If you're looking for a captivating tale that unveils the origin of the MetaGoblins, check out the intro video shared on the official MetaBlaze YouTube channel.


NFTs Need More Sustainability & MetaBlaze Is Bringing It.

MetaBlaze is on a mission to create more value in the NFT world by building a robust ecosystem around the MetaGoblin NFTs. With a focus on sustainability and scalability, MetaGoblin NFTs integrate within MetaBlaze's Web 3 ecosystem, including gaming, staking, and rewards. MetaBlaze brings a unique gaming model with sound in-game economics built around solid fundamentals.

MetaBlaze is paving the way for sustainable growth in the NFT space by creating a diverse ecosystem built around sound fundamentals. In addition to MetaGoblin NFTs, MetaBlaze (MBLZ) tokens will be minted and used as the native currency within the multi-layered ecosystem. MBLZ will also power the staking and rewards mechanisms, providing users an additional layer of utility.

MetaGoblin NFT Mint on OpenSea NFT Marketplace

The MetaGoblins are coming to the world's largest NFT Marketplace, OpenSea. An official date is expected to be announced within the next two weeks. In preparation for their big debut, MetaBlaze is giving early access to the NFTs before the official OpenSea listing, allowing users to acquire a MetaGoblin NFT before anyone else. All fees related to NFT minting will be paid for by MetaBlaze, and the NFTs will be airdropped to rightful owners on the official release day. To learn more or buy a MetaGoblin NFT during the ongoing presale, visit https://MetaGoblin.io.

MetaBlaze is a Web 3 company using $MBLZ to power its multi-layered Metaverse. Built on the Binance Smart Chain, MetaBlaze merges popular elements of GameFi and DeFi to create a synergistic, and sustainable ecosystem.

CONTACT:
Michelle German
info@metablazetoken.com

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Information Provided via Press Release
The Global Crypto Press Association | Crypto Press Release Distribution


BoomLand & Polygon Studios Partner Up in an Exciting Collaboration for the Blockchain Gaming World!



Top Web3 Blockchain Gaming Platform, BoomLand, will enable millions of gamers to experience intuitive GameFi via a Polygon-based Supernet ecosystem in a new collaboration with the leading blockchain...

Mobile Gaming Company, BoomLand, is today delighted to announce their partnership with Polygon Studios, one of the leading global blockchains. BoomLand is the first dedicated Web3 publishing gaming platform, metaverse, and Play And Earn ecosystem built on Polygon’s Supernet technology. 

As two major brands, this is a landmark partnership for the development of Web3 gaming and will bring Polygon’s Supernet technology to BoomLand players. First to launch from BoomLand’s roster of Web3 games will be ‘Hunters On-Chain,’ a Play And Earn mobile game, supported by an NFT lending and borrowing marketplace to support the “free-to-play” model.

BoomLand was founded as a Web3 Gaming Platform, focused on publishing great games in partnership with its initial content provider, BoomBit, one of the fastest-growing mobile gaming studios in the world, with 33 million monthly active users, 200+ games published, and over 1 billion downloads to date.

Opting to build on Polygon’s newly unveiled Supernets network, BoomLand seeks to mitigate congestion issues, remove high gas fees, and reduce latency concerns through an efficient and fast blockchain ecosystem that will run via a Decentralised Publishing Organization (DPO). Using the native $BOOM token, users will be able to contribute to governance functions and decide how the ecosystem evolves.

Hannibal Soares, CEO of BoomLand, commented: “BoomLand is designed to evolve gaming experiences into a Web3 format that fosters a player-first economy. By building on our own dedicated chain, we’re able to abstract the complexities of blockchain while still providing the core benefits such as verifiable digital ownership, secondary markets, and Play And Earn rewards.”

This partnership marks the historic first deployment of a blockchain publishing and gaming ecosystem on the Polygon network via the Supernet infrastructure. Acting as highly customizable sub-chains, Supernets allow developers to deploy decentralized applications via a bespoke configurable network without having to build their own infrastructure.

Steven Bryson-Haynes, VP of Business Development, NFT & Gaming at Polygon Studios, said: “BoomLand will be critical in introducing new, non-blockchain native users to Web3 gaming. We’re incredibly excited to bring them into the budding Supernet ecosystem and eager to see what they can create.”

Polygon Studios is accredited with working with some of the top blockchain-based companies, Web3 and NFT projects, including OpenSea, Decentraland, Sandbox, and Decentral Games, and is home to more than five times more gaming and NFT dApps than any other chain outside of the Ethereum main chain. 

About BoomLand
BoomLand is a cutting edge Blockchain Gaming Platform delivering a new gaming experience. The vision is to create a fresh Web 3.0 Community for players by players, with its own Marketplace and Play And Earn ecosystem that is accessible for all. In BoomLand's Metaverse, players will connect directly with game developers and with one another and help steer the course for the future of the Platform. Fun Blockchain games are finally here!

About Polygon Studios
Polygon Studios aims to be the home of the most popular blockchain projects in the world. The Polygon Studios team is focused on supporting developers building decentralised apps on Polygon by providing Web2 and Web3 teams with a suite of services such as developer support, partnership, strategy, go-to-market, and technical integrations. Polygon Studios supports projects from OpenSea to Prada, from Adidas to Draft Kings and Decentral Games to Ubisoft.


For the latest information about BoomLand go to:

https://www.boomland.io/

https://twitter.com/BoomLandGames 

https://linktr.ee/BoomLandGames 

Watch the Polygon News video here.

 

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Information Provided via Press Release
The Crypto Press Association | Crypto Press Release Distribution

Idexo Launches Updated NFT Marketing Software To Help Brands and Web3 Projects Rapidly Grow Communities Using NFTs and Verification Systems...

Idexo

LONDON, UK – Idexo, a leading provider of web3 marketing and project management software and tools, is pleased to announce the release of an updated version of its
 NFT Marketing Software. Now web3 projects and traditional brand marketers can: 

- Easily plan, create and manage NFT collections and mints in a point-and-click web interface with collections on Arweave, Avalanche, BNBChain, Ethereum, Fantom, and Polygon blockchains, and soon Solana, Tezos and more

- Enable their community to mint NFTs using specialized commands on Telegram, Twitter and soon Discord and automatically track that those users are members of those groups before allowing those mints

- Instantly launch custom branded web portals that include wallet functionality on multiple chains including Avalanche, BNBChain, Ethereum, Fantom, Polygon, and soon Solana and more

In addition to the above features, the standard and premium plans for this product include consulting by the idexo team on concepts for the NFT collection and marketing plan, including special access features of the custom-branded NFT verification portal, and connections to source the artwork. 

This exciting development solves several key challenges facing web3 project owners and brand marketers, including

- How to rapidly grow an engaged community of real crypto native members.

- How to build excitement for the project in a way that connects directly to the utility and/or unique value proposition of the project or company, while introducing wow factors such as the Twitter and Telegram functionality. Idexo is the only company in the world currently offering this functionality.
 

- How to build a lasting program of engagement with the new community. 

Finally web3 founders and communities can rely on growth and solve a key pain point facing all projects. 

"We are excited to finally release this update as it will enable us to serve many more clients and partners in a readily scalable way, helping more communities and projects achieve success, " says Greg Marlin, CEO/CTO of idexo, "This is the product of many months work by the team. The origins of the NFT marketing software was our own Early Adopter NFT collection that grew our community from 200 to over 5000 in 2 days. In addition to releasing this update for our clients and partners, idexo will be using this ourselves to launch and manage a major new NFT ecosystem and marketing campaign to further grow our own community. Being able to constantly test these features with our own community and leverage its size to help grow our clients' communities is an added value of idexo."

Projects and brand marketers interested in using this system right away to grow their own communities, can sign-up by getting in touch with the company to schedule a demo

About idexo:

Idexo’s mission is to empower creative entrepreneurs to build and grow industry-disrupting web3 projects, in doing so achieving the full promise of decentralized technologies. To achieve that idexo delivers a simplified platform that solves key project pain points, helping partners achieve success in hours what used to take months. Idexo is powered by its native utility token $IDO

For More Information:

https://idexo.com
https://twitter.com/idexo_io
https://t.me/idexo_io

Contact: Greg Marlin – cx@idexo.io

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Information Provided via Press Release
The Crypto Press Association | Crypto & NFT Press Release Distribution

Scorpio Metaverse Secures Patent-Pending Status For Their Interoperable Omniverse Engine...

 

Scorpio Metaverse Corporation

Using blockchain and Web3 technology the Scorpio Metaverse Engine connects humans to each other in the virtual world. 


Scorpio Metaverse Corporation (SMC), a technology company developing a suite of interoperable metaverses and play-to-earn games, today announced that is has been awarded patent-pending status by the United States Patent Office (USPTO). 

SMC completed development of the beta engine this month, and is on track for a Q2 launch of FitnessVR.io, SMC’s first metaverse powered by the Scorpio Metaverse Engine, dedicated to advanced wellness and human connection; they aim to deploy 10 interoperable metaverses within the next 12 months. 

Metaverses built with SMCs patent-pending engine offer flexible interoperability and enhanced user experiences, with customizable avatars able to jump between metaverses using blockchain technology and crypto wallets. Their suite of proprietary tools and integration with leading-edge technologies in the Web3 space allow SMC to help individuals, corporations and organizations build fully customized metaverses. 

Being one of the first-to-market tech companies leading the charge of shaping the Metaverse Web3 space, Scorpio Metaverse Corporation is obtaining patent protection for its technologies, as well as registering other intellectual property rights for its business and technology assets in the United States and internationally. SMC aims to protect the technology, inventions and improvements that are commercially important to the development of its business using the most effective and efficient intellectual property instruments, including patents, trademarks and trade secrets. 

Nav Gupta, Founder & CEO of Scorpio Metaverse Corporation: 

“We’re building the tools to make custom metaverses accessible across the world; our patent-pending process reduces the barrier to entry for great ideas to get built quickly. We are extremely proud to be first-to-market with the creation of our proprietary metaverse engine which is a system and method for creating custom metaverses. Whether you’re a business looking to build an office metaverse or a university looking to have your school built into a metaverse, in the future we believe metaverses will be like websites and you’ll be able to build them using our tools and systems and jump from metaverse to metaverse. Unlike our competition, our primary business is metaverses and we have security and safety at the heart of

our system for end users. Human connections are very important and we believe that with our technology we can help people connect with each other in new, fun and unique ways. I recognize the significant potential this patent holds, as it directly addresses key challenges currently facing the fragmented and disconnected landscape of the metaverse industry.” 

About Scorpio Metaverse Corporation 

Scorpio Metaverse Corporation is an international collective of tech companies at the intersection of Web3, Blockchain, and Gaming. The company initiated activities in 2022 and is headquartered in Toronto, Canada, with subsidiary corporations in Vietnam, India, Dubai and plans for expansion into Africa, Europe, and the United States. 

Scorpio Metaverse Corporation is developing a suite of innovative metaverse-building technologies focused on connecting users and providing world-class, fun and interactive experiences for them in both WebGL, Virtual and Augmented Reality environments. 

To learn more about Scorpio Metaverse Corporation, visit: https://www.scorpiometaverse.io

Contact: 
marketing@scorpiometaverse.io

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Information Provided via Press Release
The Crypto Press Association | Crypto & NFT Press Release Distribution

Zuckerberg is Coming To Ruin NFTs...

 

Mark Zuckerberg Instagram NFTs

With the previous ventures he thought would allow him to worm his way in to the crypto world officially failed and dead, the Zuck is back on crypto's doorstep, and this time the key to get inside comes in the form of an NFT.

The Meta/Facebook CEO appeared on stage during this year's SXSW festival in Austin, Texas, to reveal that his company is  "working on bringing NFTs to Instagram in the near term" he added “I would hope that you know, the clothing that your avatar is wearing in the metaverse, you know, can be basically minted as an NFT and you can take it between your different places."

He also added that minting NFTs would be done within the app as well. 

As far as when we'll see this, Zuck says “There’s like a bunch of technical things that need to get worked out before that’ll really be seamless to happen.”

Apparently there's more, but the Facebook CEO stated that he is "not ready to kind of announce exactly what that’s going to be today".

The announcement has sparked speculation about whose blockchain the NFTs would be deployed on, what payment method will be used to buy them, and whether Instagram will become a new NFT marketplace, competing with Opensea, Rarity, and Nifty Gateway.

Instagram is already a popular place for artists, musicians, and fashion designers to show off their work.

If it became possible to monetize each photograph on a user's Instagram page as an NFT, it would be a big disruptor in a market currently dominated by OpenSea, which uses the Ethereum (ETH) blockchain.

The proposed NFT interface for Instagram might be similar to the OpenSea marketplace, where a user can click on an image to see the current price, which is usually in ethereum, as well as the item's selling history, which displays how much it has appreciated or depreciated over time.

Meta has created its own digital wallet, Novi, that allows users to "send and receive money internationally, instantly, securely, with no fees, and which runs on secure blockchain technology" The Novi digital wallet is now in a restricted test phase and will be used to transfer and receive a stablecoin known as the USDP, or Pax Dollar.

Meta is also believed to be working on plans to allow users to use NFTs as profile images on Facebook and Instagram. Profile picture NFTs, often known as PFPs, are by far the most popular type of web3 content.

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Author: Oliver Redding
Seattle Newsdesk  / Breaking Crypto News

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Kevin O'Leary (Shark Tank) Shares His 2022 Investment Plan for Crypto and NFTs...

Founder of multiple companies, Author, and Shark Tank Co-host Kevin O'Leary shares how he plans to take on 2022.   He also makes an interesting point to those who have not yet invested in the crypto markets.

Video Courtesy Of Yahoo News

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Brands Want You To Wear Them VIRTUALLY, Too - NIKE To Sell Shoes As NFT's In The Metaverse...

Nike NFT RTFKT
Nike just bought a company called RTFKT, a maker of one-of-a-kind virtual sports shoes in non-fungible token (NFTs) format - made to 'wear' in virtual and augmented reality.

John Donahoe, president and CEO of Nike said “This acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming and culture. We’re acquiring a very talented team of creators with an authentic and connected brand. Our plan is to invest in the RTFKT brand, serve and grow its innovative and creative community and extend Nike’s digital footprint and capabilities.”

Benoit Pagotto, one of RTFKT’s co-founders added “Nike is the only brand in the world that shares the deep passion we all have for innovation, creativity and community, and we’re excited to grow our brand which was fully formed in the metaverse.”

We Knew Something Was Coming...

Rumors have been floating around since late October as Nike expanded patents for all of their products to include digital versions 'for use offline and online virtual worlds'.

Nike was also posting job openings for people with experience designing virtual materials in 3d design software - a search now solved by acquiring RTFKT's team of designers.

Expect to hear similar stories from hundreds of established real-world brands as the metaverse expands and they look to open up shop digitally..

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Author: Mark Pippen
London News Desk 
Breaking Crypto News



BitClout sees influx of high-profile users backed by all-star team of investors...

Bitclout
Non-fungible tokens (NFTs) have been making headlines recently with million dollar art auctions, digital trading card sales, and celebrity offerings. Many not only expect this trend to continue, but to also expand into social media and online content creation. All eyes are now on BitClout, a crypto social network where users can buy and sell unique tokens based on people’s reputations.

Capitalizing on first mover advantage, BitClout pre-launched in March, setting Twitter abuzz when a slew of celebrities and influencers suddenly began tweeting about the hitherto unrevealed project. Early adopter high-profile users include Reddit Co-Founder Alexis Ohanian, Billionaire Chamath Palihapitiya, celebrity Pamela Anderson and internet personality and influencer James Charles.


In addition to attracting high-profile individuals, it also is backed by an impressive lineup of premier investors including Silicon Valley royalty Sequoia Capital and Andreessen Horowitz. Crypto focused investors include Coinbase Ventures, Winklevoss Capital, Arrington Capital, Polychain, Pantera, Digital Currency Group (CoinDesk’s parent company), and Huobi. A Bitcoin wallet connected to BitClout has received more than $165 million worth of Bitcoin, suggesting the depth of backing behind the burgeoning crypto social network.


Why is there so much excitement about BitClout? Well, BitClout is essentially focused on letting users invest in people like they would companies. It aims to allow celebrities, content creators, and influencers to directly monetize their online reputation. In the app, unique “creator coins” are assigned to high-profile individuals which can be bought or sold. The value of any given creator coin will rise and fall depending on the popularity of the corresponding individual. Just like if you had invested in Apple 30 years ago, if you believe in a budding celebrity/creator/influencer, you can invest in them early and earn returns as the individual becomes more famous and the coins become more valuable. 


BitClout is attracting rising crypto personalities, online content creators, influencers, and savvy celebrities that wish to leverage their popularity on their own terms. Mario Nawfal, a serial entrepreneur turned crypto leader and business influencer, is the ideal demographic. A self-made millionaire through several global brands, he followed the crypto space personally, finally entering professionally in 2017 by establishing International Blockchain Consulting (IBC). As an influencer, he founded “The Roundtable,” the biggest Clubhouse room for business with over 10,000 listeners daily and the biggest space on Twitter.


Mario sees a bright future for BitClout. “Once again crypto is evolving a legacy system that was clunky. Advertising, number of views, donations, subscriptions, endorsements, these are all ways high-profile individuals and their fans/supporters interacted financially. With BitClout none of that is going away, but it can supplement or replace those mechanisms when necessary. For example, aspiring users can frictionlessly leverage their reputation, giving them more time to create compelling content or focus on whatever makes them valuable.” Mario is even more excited for fans and supporters because, “now they have a direct way to show their support and share in the high-profile individual's success.” 


Mario is so confident in the future of BitClout, with it’s bevy of tier-1 backers, that he’s going “all in.” He’s carving time out of his schedule and utilizing his growth agency to develop his BitClout account. Mario also says that interest from celebrities and influencers has been increasing. “It’s amazing. I’m finding more and more questions about what BitClout is and how one can get in on it. Not only am I launching myself on the platform, I’m assisting an increasing number of celebrities and influencers too.” 


However, as with all things in life, many cynics have offered their criticisms and doubts about BitClout. For example, let’s look at how BitClout launched with 15,000 of the most popular Twitter profiles without owner consent. Critics are also concerned that currently funds can be deposited into the platform, but not withdrawn. Mario sees problems like these as normal growing pains of any explosive startup. “The consent problem sounds bad until you realize that it's to protect high-profile users and user-investors from scammers that might try to impersonate a celebrity or influencer.”


About the second problem, Mario laughs. “This is pure FUD. Look at the backers. How can anyone be worried about the ability to withdraw funds when two of the most prominent crypto exchanges, Coinbase and Gemini’s Winklevoss twins, are investors?”


Despite the misgivings of some, Mario is certain that with people like himself and his growing list of clients onboard, BitClout will continue its early momentum on the path to viral adoption, eventually reaching critical mass. This is clearly an exciting new space that many are finding valuable and it appears inevitable that NFTs will only continue to play an important role in the online world.

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Information Provided via Press Release
Distributed by Global Crypto Press Association
Breaking Crypto News