Sunday, June 1, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Startup Clout.art Puts NFTs At The Center Of The New Creator Economy

by firstcryptonews
August 9, 2021
in Press Release
clout art

“Staking is the new following.” So says Jure Zih, founder of an innovative NFT startup, Clout.art, set to launch later in August. 

If Zih is correct, we could see the worlds of social media influencers and NFTs collide in a way that will forever change the influencer landscape.

Clout.art is a platform that enables content creators to turn social media posts into NFTs. In other words, it allows taking a piece of content from the past, which is freely available on a social media site like Instagram or TikTok, and creating a unique NFT monetized as a saleable asset. The kicker is to make the NFT they must delete, or burn, the original post. 

As Zih explains, “Social media timelines are all about ‘now’. Many content creators have very popular posts, but they are buried under the content that came later. With Clout.art, creators can revisit pivotal moments in the history of their digital self and make those moments available to their fans, and other collectors, as NFTs.”

Creator Economy Powered by NFTs

Blockchain provides an alternate mechanism for creators to connect with their fans directly. According to Zih, in addition to popular posts soon disappearing from view as new content is created, social media influencers must also concede that they do not own the medium and thus cannot monetize their creativity directly. The solution to this has been third party sponsorships, but this leads to questions of authenticity.

The Clout.art platform is built around its utility token, SWAY, using one of the first decentralized social media protocols, Sway Social. Creators will be granted SWAY to mint NFTs from their social media posts. But where things get interesting is how fans and collectors can use their SWAY tokens to connect with content creators. 

Based on DeFi mechanics, each content creator will have their unique staking pool, called the Creator pool. SWAY holders can stake their tokens against individual content creators, thus sending a market signal that there is demand for their content. When a creator sells an NFT, the rewards are shared with all the participants in that pool. 

“Creators won’t just profit from their audience,” enthuses Zih. “Now they will profit together with their audience. This ties in both creators, fans but also collectors as it introduces a whole new idea of social capital and NFTs as the underlying assets for the economic model to work. We’re looking at a new paradigm where staking is the new following.”

Launching with an Airdrop

clout art

Ahead of the platform launch, Clout.art is doing an airdrop to reward users for minting their Instagram content into NFTs. Users participating can get from $25 and up to $1,000 in SWAY tokens for successfully minting and burning one of their posts.

“We encourage users to pick one of their earliest, most liked, and commented posts and mint it into an NFT. It is how they become eligible for a guaranteed airdrop of 350 and up to 15,000 SWAY, which we will distribute after our token generation event. All NFTs minted are carbon neutral and free for creators, thanks to our partnership with Polygon” adds Zih.

Blockchain technology, and the most popular current use case, NFTs, might well signal a change in how creators monetize their creativity. It will be interesting to see how the social media channels respond in the future as services like Clout.art provide alternative channels for Creators to reach, connect with and monetize their audience. 

For more information on Clout.art, visit their website or sign up for the airdrop at clout.art/airdrop.

______________________

About Clout.art

Clout.art powers the creator economy of the future by turning the most valuable content, such as your most successful Instagram posts, into unique NFTs. As a microservice, a marketplace, and a staking platform, Clout.art is where creators and fans come together to create, grow or exchange social capital through the $SWAY token.

Related Posts

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

by firstcryptonews
May 31, 2025
0

May 24, 2025 — In a world where internet culture and blockchain innovation increasingly overlap, a new digital asset is...

CV5 Capital Announces Standout Performance of Cryptanium Fund I SP, Beating Industry Benchmarks

CV5 Capital Announces Standout Performance of Cryptanium Fund I SP, Beating Industry Benchmarks

by firstcryptonews
May 30, 2025
0

George Town, Grand Cayman – 26 May 2025 – CV5 Capital, is pleased to announce that Cryptanium Fund I SP,...

Connect and the WIN Blockchain Launch the World’s First Social Impact Platform with Learn2Earn Integration

Connect and the WIN Blockchain Launch the World’s First Social Impact Platform with Learn2Earn Integration

by firstcryptonews
May 24, 2025
0

May 23, 2025 – On a live community call with over 500 attendees, Connect, in collaboration with Win Blockchain community...

RENO/USDC Concentrated Liquidity Pool Is Live on Raydium!

RENO/USDC Concentrated Liquidity Pool Is Live on Raydium!

by firstcryptonews
May 22, 2025
0

Toronto, Canada – May 20 2025 – Renovation.Reviews, the community-driven hub where DIYers, contractors and designers share renovation know-how, today...

Crypto Whale Watch: Why Institutions Are Eyeing Alaxio

Crypto Whale Watch: Why Institutions Are Eyeing Alaxio

by firstcryptonews
May 22, 2025
0

London, United Kingdom - In the fast-moving world of cryptocurrency, institutional interest often acts as a precursor to explosive growth....

Alaxio (ALX): The Next Big Thing in Web3 and DeFi?

Alaxio (ALX): The Next Big Thing in Web3 and DeFi?

by firstcryptonews
May 20, 2025
0

With Web3 technologies rapidly reshaping the financial landscape, investors and developers are constantly on the lookout for projects with the...

Next Post
MNTG Wallet

MNTG Wallet – The Next Generation Blockchain Solution

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bitfinex Makes Bold but ‘Unaudited’ USD 404 million Profit Claims

Bitfinex Makes Bold but ‘Unaudited’ USD 404 million Profit Claims

6 years ago
MetaLoves – A Web3.0 Love Themed DApp that Offers Exciting Features for Couples

MetaLoves – A Web3.0 Love Themed DApp that Offers Exciting Features for Couples

3 years ago
Analysts See Bitcoin Price Going Higher As It Breaks above $7,500

Analysts See Bitcoin Price Going Higher As It Breaks above $7,500

5 years ago
bitfxt exchange

Africa’s Premier Cryptocurrency Exchange Unveils Astounding Features

6 years ago
Hiruko Soft Launched While Developing a GameFi Engine

Hiruko Soft Launched While Developing a GameFi Engine

3 years ago
Crypto Grand Prix: Binance Coin Led the Race, What About Others?

Crypto Grand Prix: Binance Coin Led the Race, What About Others?

6 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Updates Workflow Logic to Support Expanding Business Demands

Atua AI Updates Workflow Logic to Support Expanding Business Demands

May 16, 2025

Press Release

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

MoonLad Launches: A Meme Token with Purpose, Utility, and Community on the Solana Blockchain

May 31, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News