Ljubljana, Slovenia, October 03, 2021 (GLOBE NEWSWIRE) – Web 3.0 social media protocol and NFT Marketplace, Clout.art’s upcoming IDO was bolstered by a record-breaking fundraiser on Launchpool. With over $ 8.4 million in play in their Allocation Mining event – and $ 250,000 available – their original goal was exceeded by a factor of 30.
What is Clout.art?
Clout.art is a specialized NFT typing and marketplace platform, and the first dApp based on the Sway social protocol. Already driving the creator economy, Clout.art specializes in transforming the most valuable content of social media users into unique NFTs. With the model already proven by the sale of Jack Dorsey’s very first tweet to a Malaysian businessman for $ 2.5 million in March 2021, Clout.art begins with Instagram posts. TikTok, Twitter and other social media platforms will soon be in their sights as well. With social capital quickly becoming an asset class in its own right, Clout.art helps social media users grow their crypto portfolio and passive income streams.
One of the leading crypto asset funds, Alphabit has already noticed their huge potential. They will lead a $ 1.4 million strategic investment round for Clout.art. Alphabit is joined by strategic investors including AU21, 01 Capital, LucidBlue Ventures, 0rigin Ventures and others.
Clout.art has already validated their wisdom, raising the highest amount ever recorded in Total Locked Value (TVL) and wagered on Launchpool. To fuel the creators’ economy, they made $ 250,000 available to the Launchpool community. However, they ended up breaking their previous record with over $ 8.4 million LPOOL at stake in their Signature Allocation Mining (AME) event. At 30 times the demand, this shows not only that NFTs are still in demand, but also the market’s confidence and belief in the Clout.art approach.
“We are delighted to partner with Clout.art – a true pioneer in the world of NFT, and laser focused on building the designer economies of tomorrow. We have analyzed the market in depth, as we do with all of our investments. , and Clout.art demonstrated exactly the approach we were looking for, ”says Shane McQuillan, vice president of strategy at Alphabit and executive sponsor of Launchpool Web 3 Techstars Accelerator.
What is the SWAY token?
The Clout.art SWAY token is the basic functional unit of the platform. It is used for voting, prompting positive actions, utility, and staking. The token aims to coordinate the network between NFT tokenization and a creator economy staking platform.
SWAY is staked by holders of pools owned by their preferred content creators. It represents a crucial step towards the creation and recognition of social capital as an asset class.
- Content creators establish individual pools for their NFTs.
- Users place SWAY tokens in the pools (content creators) that they want to support.
- SWAY staked tokens share the revenue generated by their specific pools.
SWAY’s initial issue is $ 100 million, with an additional $ 100 million to distribute as incentives for platform adoption. The issuance of new tokens, up to the cap of 200 million, relies solely on content creators joining the platform and creating pools, thereby expanding the ecosystem.
IEO / IDO announcement
The platform launch is planned ahead of the SWAY token generation event, giving everyone the chance to see the platform’s capabilities ahead of Clout.art’s IDO offering. The launch of the IEO / IDO is scheduled for October. For more details on how to participate, see the links below.
Clout.art turns your most valuable content, such as your most successful Instagram posts, into unique NFTs. Your content becomes part of a valuable collection of assets and a source of income.
Visit us: https://clout.art/
Learn more: https://twitter.com/cloutdotart?lang=fr
Connect with us: https://t.me/cloutdotart
Launchpool leverages communities, knowledge, expertise, contacts, and capital to provide crypto projects with the best possible start, maximizing their chances of success in this dynamic and rapidly changing space.
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E-mail: [email protected]
Disclaimer: All investment strategies and investments carry a risk of loss. Nothing in this article should be construed as investment advice. Any reference to the past or potential performance of an investment is not and should not be interpreted as a recommendation or as a guarantee of a specific result or profit.