SOCIAL NFT

  

SOCIAL NFT - 

Marketplace is a marketplace for social media users


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Recently, there is a lot of talk about digital artwork by American artist Beeple which has sold for 1 trillion rupiah. The digital artwork is in the form of NFT Art. What is NFT art? Why is it so expensive?

Reporting from the academy.benance.com page, NFT stands for Non-Fungible Token. NFT is a special type of crypto token that represents something unique. NFTs are called non-fungible because they are not interchangeable.

Because it contains unique information, although it is possible to create any number of NFTs representing the same object. This is in contrast to cryptocurrencies such as bitcoin and many network or utility tokens, which are commensurate in nature.

What is Social NFT Market?
SOCIAL NFT Marketplace is a marketplace for social media users to create NFT (non-Fungible token) goods or images and sell them on the platform. SOCIAL NFT Marketplace users can add one or more items in the marketplace for sale. Users who wish to purchase on the marketplace must also be registered with the SOCIAL NFT Marketplace.

Social NFT Market Features

  • Decentralized and disallowed — The SOCIAL NFT Framework is designed to optimize the benefits (and minimize the risks) of owning and trading digital assets. Our core technology relies heavily on blockchain, automated smart contracts.

  • Blockchain Protocol — SOCIAL uses the blockchain and the Binance protocol, with a native token called SNFT. This will share the security advantages of the entire Binance network, avoiding possible consensus attacks.

  • Lower Exposure Fees — There will be some applicable fees such as application usage fees for trade execution, NFT creation and listing, NFT auctions, and network fees for SNFT transfers will apply.

  • On-Chain Management Governance — NFT Marketplace SOCIAL governance enables stakeholders to seamlessly modify underlying protocols and change critical framework parameters to meet changing environmental and societal needs

  • Client Partnership — SOCIAL NFT Marketplace provides a UNIQUE platform for users who want to bring their digital products to the NFT marketplace where they can sell their own images or goods in a marketplace with an established business model.

  • Incentives and Rewards — User Base Incentives and Rewards — Community is almost everything, and the SOCIAL NFT Marketplace will focus entirely on rewarding early adopters for their valuable contributions through a variety of incentive and reward schemes designed to support successful creators, sellers and buyers. In addition to incentives for use, the SOCIAL NFT Marketplace uses a Proof of Stake model that can offer its own rewards for being a network validator.

What are SNFT tokens?
All transactions on the SOCIAL NFT Marketplace are carried out using the platform's SNFT token which is used as a utility token on the platform. The SOCIAL NFT Marketplace ecosystem combines SNFT utilities as native for protocol tokens and application tokens

Use of SNFT

  • Network Fees — SNFT is the core base digital currency for paying transaction fees.

  • Governance — SNFT is often used to vote on governance policy-making referendums. SNFT token holders can participate in the policy-making process of the SOCIAL NFT ecosystem by voting with SNFT. The more SNFT a holder has, the more voting power they have

  • Payments — The main exchangeable counter digital currency is SNFT for all trades on Marketplace.

  • Fees — All fees for NFT Marketplace applications, including registration fees are paid with SNFT.

  • Prizes — Prizes distributed and contributed for all uses will be denominated in SNFT.

  • Membership — In addition to engaging in governance, SNFT token holders will enjoy other rights and protections in the ecosystem, which non-holders have access to. For example, SNFT holders will pay reduced service fees, and increased listing exposure.

How does it work?

  • Anyone can register on the SOCIAL NFT platform, you can buy & sell digital goods from the platform. Buy your NFT or your favorite celebrity, artist or personality. All transactions on the SOCIAL NFT market are carried out in SNFT tokens or BNB coins.

  • If you're a Youtuber, Instagram influencer, celebrity or whatever, The Social NFT Marketplace is for you! Upload, print and Sell on Social NFT platform.

  • You will create your own decentralized wallet that only you can access. One account to manage all your digital items, accessible from any device, anywhere, anytime Security: Protecting your digital items is our top priority. Not only does security apply across all levels of our platform, but our governance structure also certifies every maker and seller.

SOCIAL NFT Governance
This project allows stakeholders to choose, modify or modify the basic protocols on the platform. Majority token holders will be given rights on the platform and community ecosystem such as determining the outcome of important decisions, adjustment of key parameters such as fee rates and community-based initiatives.

Market
The SOCIAL NFT Marketplace will provide a digital item and crypto-powered trading platform for users to build, buy and sell NFTs traded with SNFT tokens, and also provide additional services including auction listings, governance mechanisms, trading history tracking, user based opinions and more. .

The goal of the SOCIAL NFT Marketplace is to provide a forum for social media users to sell, buy or exchange their digital images.

Potential Marketing Focus
NFT is very flexible and productive in its uses, from digital artwork to digital event tickets, and while NFT has a wide range of uses and categories, the SOCIAL NFT Marketplace will focus its attention on only one main area: social media items.

Market Growth Potential
As far as the NFT market goes, it is still a young market, but it is growing year by year, with new NFT ventures entering the market every day. Blockchain live market data and statistics from DappRadar.com and for the three major digital markets, there has been a significant increase in trading volume and active visitors over the past few years.

Market Member
Interacting with the market only requires a Binance compatible crypto wallet, a browser and the click of a button. There are three main ways for users to engage in the SOCIAL NFT Marketplace.

  • NFT Maker
    To promote an active and vibrant marketplace, the SOCIAL NFT Marketplace has an enhanced NFT builder that allows customers and companies to efficiently and simply print their content, ideas, services and products into NFT tokens for listing on the SOCIAL NFT Marketplace.

  • Seller
    Anyone with an NFT purchased on the SOCIAL NFT Marketplace can bring the token to the SOCIAL Marketplace by connecting a crypto wallet and buying it at the desired price. As a result, for rare items, highly sought after items, or items that require finding a fair price, sellers can create auctions that will be handled automatically on the SOCIAL NFT blockchain according to their initial criteria.

  • Buyer
    Buyers can search and purchase items with SNFT tokens. SOCIAL NFT Marketplace will support its SNFT tokens as exchange counter currency.

SNFT Ecosystem
The SOCIAL NFT Marketplace ecosystem combines SNFT utilities as native for protocol tokens and application tokens.

Conclusion
The Social NFT Marketplace is revolutionizing the NFT industry by connecting the NFT marketplace with social media outlets. It gives social media users and businesses a platform to sell their images for passive income. Secured with blockchain technology. Social NFT uses Binance Smart Chain (BSC) BEP-721 Protocol. The SOCIAL NFT Marketplace promises to promote this technology to a mainstream audience and give everyone the ability to invest in NFT ownership and expand the dynamic ecosystem.

Detailed Information:
Website: https://socialnft.market/
Twitter: https://twitter.com/NftSocial?s=20
Instagram: https://www.instagram.com/social.nft.marketplace/
Telegram Chat: https://t.me/SocialNFT
Youtube: https://www.youtube.com/channel/UCAAV_8YwHqTqQgmK3z5jmcw
Media: socialnft.medium.com
Whitepaper: https://socialnft.market/whitepaper.pdf

Author : EEN 400
Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=3120889
ETH Wallet Address : 0x7C22CE25152B07Db23B32FC8C36711be90d86181

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