SINGAPORE, November 26, 2021 (GLOBE NEWSWIRE) – Today Doconchain, a leading provider of NFT solutions, announces an upcoming NFT Marketplace, working with entertainment business partners, that will leverage the celebrity-fan relationship. The “The Famous” marketplace will be based on a new generation of copyright protected NFTs, developed on Algorand’s carbon neutral blockchain.
A growing market
NFTs are taking the digital world by storm, preparing for a transition to a metaverse based on avatars and intangible assets that will contribute to the development of a global property economy.
Today, the NFT asset market represents a fraction of the physical asset market but it will be larger than it in the near future. In 2020, the global NFT market accounted for approximately $ 338 million in transaction volume … Only the global collectibles market, which includes physical collectible cards, games, toys, cars, etc., represents a $ 370 billion market. Subsequently, the global NFT market is expected to grow 1000-fold over the next 10 years.
Doconchain, created the first copyright NFT solution that helps protect intellectual property and monetize original works and intangibles while leveraging blockchain and NFT technologies to deliver a suite of innovative services.
Copyright NFT provides an extra layer of value that allows stars and fans to experience a new level of engagement, fueling a celebrity-based economy while strengthening the relationship between celebrities and fans. The “The Famous” platform based on a symbolic economy will bring a wind of change in the classic interactions between fans and celebrities. The project aims to create a social ecosystem that rewards fans for their loyalty and enables stars to connect with their fan base by providing them with unique collectibles, “NFT assets”.
The NFT market is being developed in collaboration with entertainment companies and will feature celebrities, primarily from Asia. The platform will feature different categories ranging from music and film to TV, animation and sports, as well as different assets associated with NFTs such as music, video, art, avatars, badges. , unique moments, the realization of sequences, etc.
The collections will be curated by an advisory committee made up of prestigious representatives of the different categories.
An NFT Marketplace designed for fans
Fans will be able to access collectibles from “Collector” to “Rare” and “Super Rare”. The NFTs will also give access to certain privileges for the holders while being negotiable on the market place or exportable (for some of them). The Marketplace incorporates a rewards program that allows fans to support celebrities and build awareness of the platform by participating in social tasks, bonuses, and referral programs while earning tokens that can be used to purchase gifts. NFT. Fans will also be able to participate in the airdrop to get more tokens or receive NFTs.
‘La Célèbre’, the Celebrity Square
Celebrities will be motivated to participate in the community as they can monetize their star power and elevate their brand name and brand partners (sponsors), opening the door to unique promotional opportunities. By using the Copyright NFT solution, celebrities can still own their IP and manage the rights attached to NFTs (e.g. for personal use only) while selling digital experiences for fans such as illustrations, music tracks, videos, badges, avatars, special moments and / or photos. In addition to selling copyrighted NFTs, stars will also earn royalties whenever one of their NFTs is traded in the market.
Speaking of the launch, Kevin Abestilla, Co-Founder of Doconchain and Chief Technology Officer said:
“Doconchain provides a suite of turnkey solutions, for this celebrity NFT marketplace, based on the customization of its existing technology and innovative solutions associated with its DOK token saving system. “
On the one hand, celebrities endorsed by “The Famous” will be able to create their copyrighted NFTs and limited edition NFTs using different settings that give them flexibility while still enjoying the full support of the platform. team form and, on the other hand, fans will be allowed to receive and buy NFTs through auction house and marketplace, redeem them while earning tokens through the reward program.
To learn more about Doconchain and the launch of its native DOK token, visit their main website. here.
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Media contact details
Name of the contact: Fred Saurat
Contact email: [email protected]
DOCONCHAIN is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer.
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