Financial NewsSocial Media Revolution Coming With Help From NFT Boom

Social Media Revolution Coming With Help From NFT Boom

Chicago, IL, 10 Sep 2021, ZEXPRWIRE, Weentar, the rising blockchain-powered social media startup, entered the final stages of development last Friday, inviting the first set of users to test its highly-anticipated web application.

The news signals that a public product launch is just weeks away, ready to take advantage of the NFT mania currently sweeping the internet. This follows a recent announcement from the project’s CEO, Eduardo Fonnegra, stating that Weentar would be ramping up marketing efforts and outreach to content creators and influencers in September.

The project last made headlines in May, when it announced an official partnership with Grammy-nominated singer-songwriter Lil Yachty. The team expects to have hundreds of active communities led by celebrities, digital artists, influencers, and other creators by the end of 2021, with platform membership reaching into the millions.

Game-Changer for NFTs and Social Media

The NFT market has been plagued by high transaction fees on the Ethereum network, pricing most people out and preventing mass adoption. To solve this, Weentar took the bold step of developing its own blockchain, bucking industry trends and emerging as one of the most ambitious projects of 2021.

Users who sign up as creators will be able to upload photos, audio, video, and text posts that can be offered as NFTs, with no minting fees. Creators will also automatically mint their own social tokens upon sign-up, which fans can then purchase. These digital assets can give holders access to special perks such as exclusive content, voting rights, discounts on merchandise, and other rewards as chosen by the creator.

Current centralized social media platforms offer little-to-no ways of directly monetizing content for most users, despite soaring ad revenues for the corporations operating them. Weentar offers a zero-ad platform, and aims to help usher in the next evolution of work, as creators and fans access earning opportunities through their typical social media activities. This is the next evolution of work being developed at Weentar.

Weentar is able to accomplish its goals and offers these features all while collecting minimal personal information.

According to DappRadar, NFT sales volume skyrocketed to well over $2 billion in the first half of 2021, and many consider this just the tip of the iceberg. Former Goldman Sachs hedge fund manager Raoul Pal believes social tokens are the next big thing, with the potential to grow into a trillion-dollar industry within 10 years. This puts Weentar at the forefront of some of the most exciting and promising technologies, ready to disrupt the establishment.

About Weentar

Founded in 2021, Weentar is poised to become the leader in decentralized social media, offering a platform that integrates non-fungible tokens (NFTs), social tokens, and more. The project utilizes its own blockchain with proof of stake protocols that will allow creators and collectors to avoid the high fees associated with Ethereum.

Early adopters can purchase $WNTR tokens on the decentralized exchange Pancake Swap, and later exchange them for the official coins of the Weentar network when the blockchain is launched. The project’s token contract has been successfully audited by industry leader Solidity Finance.

The team behind the project is currently in discussions with centralized exchanges for future listings of the native coin, with the long-term goal of allowing users to buy and sell the coin directly through the web application.

For more information visit, https://weentar.com.

Follow Weentar on Twitter or Instagram, or join the official Telegram for the latest updates.

Media Contact

Company Name :- Weentar

Email Id :- [email protected]

Company Website :- https://www.weentar.com

The post Social Media Revolution Coming With Help From NFT Boom appeared first on Zex PR Wire.

Latest news

Sastanaqqam Collaborates with Boosty Labs and Reverb to Create Revolutionary Blockchain-based Ecosystem

Dubai, UAE, Feb 2, 2023, ZEXPRWIRE, Sastanaqqam, a blockchain-based company, is collaborating with Boosty Labs, a leading Ukrainian blockchain development...

The Popular Pets Is Helping Dog Lovers Enjoy This Valentine’s Day The Way They Want

The Popular Pets will reward one dog lover a people and pet wellness basket to share with their furry...

Octopi.health Launches Sensor-Free Body Motion Tracking for Physiotherapy, Combining Privacy and Convenience

Philadelphia, PA, Feb 02, 2023, ZEXPRWIRE, Octopi.health is proud to announce the launch of a new physiotherapy technology that...

Neon Link Announces Limited Presale Of The $NEON Token That Will Power A Thousand Blockchain Games!

After a year of development and innovation in blockchain gaming technology, a GameFi pioneer company Neon Link is opening...

ICBM Expo – International Crypto Blockchain and Metaverse Expo Dubai

ICBM Expo – The Nucleus of Game Changing Technologies Dubai, UAE, Jan 24, 2023, ZEXPRWIRE, The biggest International Crypto, Blockchain, and...

Hiep Ha Building Materials Company are increasingly expanding in scale

Ho Chi Minh City, Vietnam, Jan 12, 2023, ZEXPRWIRE, Hiep Ha Construction Materials Company specializes in providing construction materials...

Must read

USD 19,500, the new key price of bitcoin to start an upward movement

Key facts: In the past, $19,500 has been a resistance...

Blockchain IDOs and Presales You Should Know About

There’s never a lack of new projects opportunities when...

The 10 rules to prepare for the crypto bear market by the savvy investor

While the Bitcoin and cryptocurrency market reached a record capitalization in...

Latin America’s E-commerce Giant Opens Up To Buying Bitcoin

Bitcoin (BTC) and cryptocurrencies are increasingly accepted every day for...

Binance Welcomes Arbitrum – Ethereum’s Second Layer!

For many months, the Ethereum (ETH) network has faced...

You might also like
Recommended to you