Snapy WhitePaper
  • SNAPY
  • SOCIAL MEDIA TODAY
    • Social Media Platforms - Revenue Model
    • PROBLEM OVERVIEW
      • Censorship and Transparency
      • Distribution of Value
    • THE SOLUTION: A SOCIAL NETWORK BASED ON BLOCKCHAIN
  • SNAPY APP
    • APP FEATURES
    • E-Commerce
    • NFT Marketplace
  • SNAPY MERCHANDISE STORE
  • Guidelines
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  1. SNAPY APP

NFT Marketplace

Non-Fungible Tokens (NFT) are cryptographic tokens that represent a unique asset; a non-duplicable certificate of authenticity and ownership.

Retailers, brands, and verified users have the opportunity to mint NFTs using SPY and display them in their profile, allowing them to buy, sell and own digital assets, music, goods, tickets, and other various assets. On the SPY NFT marketplace, content creators can turn their content (pictures, music, dance moves, etc.) into NFTs and display them directly in their profile inside the SNAPY app.

This is a new way of combining social media with the NFT market, allowing anyone to display NFTs as content and engage with the community.

These benefits for creatives/artists includes:

  • Fraud-proof ticketing for live and virtual events (12% scam rate). Smart tickets can be made non-transferable.

  • Indefinite income is generated through smart contracts that allow for fixed royalty rates. Artists can be the publishers and distributors of their art, dance move, or music.

  • Ability to offer collectibles to their loyal fanbase, which allows for more meaningful and direct interaction. Collectors can own part of the artist's history and future success.

  • Much easier, quicker, and more secure proof and transfer of ownership through smart contracts on a public blockchain.

  • Sell your NFTs as means of raising capital to fund your production costs.

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Last updated 2 years ago

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