Instagram’s research on the NFT market indicates that the era of NFT platforms based on social media is about to happen

Non Fungible Tokens (NFT) has become the talk of crypto city this bull season after attracting the attention of many celebrities. This bull season has brought about many crypto phenomena, most notably the community driven meme tokens and the madness around non-fungible tokens (NFT). This bull season’s NFT mania isn’t just limited to crypto enthusiasts, it has gained mainstream momentum with the likes of top athletes and famous artists auctioning their rare memorabilia and art using the blockchain. The highest-grossing NFT artwork by an artist named Beeple was sold for $69 million.

Nafter is a unique game about NFT mania that will likely open doors for social media influencers to sell their posts in the form of NFT. It is an online marketplace for creators and fans to buy, sell, instrument and collect content NFTs all in one web application. The platform can be a game-changer for creators and influencers. It provides a way to monetize moments and unlock more value from every shoot. For fans, meanwhile, it’s an opportunity to own collages from your favorite creators and create your own collection of indispensable images, each of which is represented as NFT. NFTs are changing the way artists and fans interact. Now, thanks to Nafter, tapping into the growing demand for digital collectibles couldn’t be easier.

While NFTs are not a new use case in cryptocurrencies and made their debut in 2018, they have certainly gained widespread momentum this bull season making them one of the use cases for celebrities and artists to auction off their high-value collections. . we don’t He promises to bring NFTs to the masses through his marketplace that would allow NFTs to be minted and sold at auction as simple as taking a picture and uploading it to social media.

Nafter beats Instagram to launch the world’s first NFT social network

Instagram is one of the most popular social media and photo sharing apps and according to the latest internal reports, the platform is looking to offer a subscription and marketplace for NFTs. Instagram’s interest in the NFT market indicates that social media-focused NFT use cases could be the next big thing in the crypto space. While Instagram looks to focus on the NFT arena, Nafter has already launched the world’s first and only NFT social network designed for creators and fans, allowing them to buy and sell the content they create and collect. The main objective of Nafter is to build a strong community of supporters and make the Nafter app easy to use.

Nafter has provided three staking levels for different types of users and creators, namely Fanboy, Influencer and Celebrity, these levels will help in identifying unique user profiles and determining group weights for rewards. There will be no storage locks. All stakeholders can bet and cancel the bet without delay or waiting period. In addition, there will be no automatic vehicle function.

These cache groups will be available for storage until the web application becomes publicly available. Once the web application is launched, it will go to Creator Pool Staking, where users and fans can participate in the profiles of their favorite creators in a “Popularity Contest” manner, where the more popular the liked creator is, the more NAFT value the user will get to get early bets!

Jonathan Soleil, CEO of Nafter said,

“While the community awaits the launch of the highly anticipated Nafter app, we want to provide a nice incentive for all our owners in the meantime. Nafter Pools provides a safe place to share your NAFT and get more NAFT for simply money in the pools.”

One of the nice things about NFTs is that no two are alike: that’s what makes them so highly collectible. And since the blockchain provides demonstrable ownership of tokenized assets, there are no arguments over who owns a particular NFT: if it’s in your wallet, it’s yours and no one else’s. Tradable NFT gives users an opportunity to gain fame and offer the highest rate of return to NAFT providers in dollars.

Social Media Platforms Can Bring The Next Big Use Case For NFTs

NFTs first gained momentum through their use as fan tokens for major sporting leagues, whether it’s top football clubs like Barcelona and Paris Saint-Germain or the major basketball leagues. These NFT fan tokens allowed fans to participate in many off-field activities and also allowed them to win trophies from the respective clubs. In the early stages after their popularity among celebrities, NFTs became a popular way for artists to launch and auction rare artwork. Now it looks like social media could become the next big use case for NFTs

The popularity of NFTs has led to the rise of many new platforms to offer coinage services that help people convert their favorite art or values ​​into the form of NFT, but to gain real value these NFTs need to be auctioned. Social media platforms can use NFTs in popular posts from celebrity influencers which are very similar to the tokens that fetched millions in the auction.

Image by USA-Reiseblogger from Pixabay

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