SO...WHAT ARE NFTs?
NFT, short for Non-Fungible Token, is a non-interchangeable unit of data stored on a blockchain, a form of digital ledger, that can be sold and traded.
A banknote is techincally also an NFT, because it has a unique number and can be exchanged for goods and services. The difference is the ledger where it is registered, is online; on the blockchain.
Types of NFTs may be associated with digital files such as photos, videos, and audio. But soon they will be used for many more things in the real world, not just online.
barriers to entry
on other platforms
1 They are difficult to access - you have to go through complicated steps to get your crypto wallet set up and verified .
2 Expensive “gas fees” - Transction fees are generally quite high, on average $100 dollars to buy an NFT.
3 Not eco-friendly - Crypto uses a lot of machine and electricity power to run these transactions and many users have concerns about the eco-friendliness of NFTs.
THE GOOD NEWS IS
WE HAVE THE TECH TO MAKE THIS ACCESSIBLE, AFFORDABLE & ECO-FRIENDLY. here’s how:
SCALABILITY
Our platform is powered by @StarkWare Ltd, optimised for first-time crypto users, they are the brilliant minds behind some of the biggest web3 platforms. So we are in safe hands.
ONBOARDING
We offer smooth onboarding for creators, and fans. We have created a seamless experience for users to sign up, login and get set up easier than any other web3 platform.
DIDs PROTOCOLS
Our protocol offers cross platform interactions and uses DIDs to authenticate and verify the users on our platform. We only want real, genuine members of the community.
SO-COL CHAIN
We will be launching our own token, based on our own SO-COL chain. This will be used to incentivise more engagement and further the rewards to our community members.
Roadmap
MAY | JUNE | JULY | August | |
|---|---|---|---|---|
| White Label | Demo Completed First SO-COL powered project live | Added functionality - pay with ethereum More projects delivered | Product completion - full automation Scaling to more projects | More services including community building and marketing in support of white label clients |
| SO-COL App | Internal testing begin Function supported (minting of social collectible, NFT gated public chat and private chat) | External testing begin Influencer onboarding | Launch of SOCOL platform v.1 | More features added (proposal + voting + badges) |
| Global Market | UI design begin Backend and front end development begin | Global market v.1 completion and internal testing begin (BNB and Eth supported) | Public testing of global market v.1 | Launch of global market |