Non-Fungible Tokens (NFTs) have become the breakout use case of the crypto market in 2021 leaving even DeFi in the dust. The Beeple artwork that sold for $69 million started it all and since then there have been hundreds of use cases to arise out of the NFT world. Every major brand be it Coca-Cola, Gucci, Prada, Louis Vuitton or top influencer or celebrity has joined the NFT bandwagon. The NFT use case has gone from digital artists selling their work to musicians and even sports superstars converting their unique memorabilia into NFT. Similarly, Nafter is bringing another unique use case of NFT to the front with the world’s first NFT social network where content becomes collectibles.

The first NFT Social Network is all set for a global launch on September 3, allowing anyone around the globe to mint their NFT and auction. As the name suggests, the platform is built around social media influencers and fans that have reached new levels over the past decade. The NFT use case of social media can bloom into a new ecosystem worth billions. The use case is unique in the sense it offers influencers a unique piece of their life for which the fans are willing to pay. An influencer can mint any of their social media posts in the form of NFT and put it up for auction or direct pay.

To make you understand if this version is a viable NFT use case, the first tweet of Twitter CEO Jack Dorsey was sold for over $2.5 million. Similarly, several other digital collectibles which were seen as valueless JPEG are being auctioned in millions.

Nafter Beat Instagram to Launch First NFT Social Network

Social Media NFT marketplace could turn out to be one of the biggest use cases to come out of the NFT world courtesy of Nafter. The popularity and power of social media are very well-known, it has made people overnight success and sensation and today billions are spent by brands for promotions on these social media platforms. Nafter can combine all of these into the NFT ecosystem that can bring the next billion dollars in the NFT industry. Social media made the celebrity and fan interaction more personal and Nafter would make it more valuable.

Fan following of social media stars has made for some of the biggest success stories and events over the past few years and Nafter’s platform can bring an exclusive to that market. Influencers minted NFTs could be collected, sold and resold to generate value and secondary market that can lead to a new era of social media.

The platform has been created with a great focus on the user interface to ensure that it is one of the most attractive forms of the social network. The platform launched the sneak peek before the global launch last month and received an astounding overwhelming response. Nafter has also onboarded a series of popular influencers with a combined following of over 50 million to give the much necessary traction to the platform in its early days. Nafter has also partnered with Adrian Colbert of the New England Patriots and has begun creating content NFT’s with the Nafter Ambassador team as the first major professional athlete on the platform.

NFTs Would be The New Form of Merch on Nafter

Every celebrity and social media influencer launches their merch from time to time while some of them have built a whole brand around it. These merchandise are launched in limited quantities and get sold out almost instantly. Nafter is doing quite similar to that but instead of merchandise, the users get their hands on unique NFTs minted by their favorite celebrity instead of a piece of cloth. This will not just be unique but also tradable that can generate value even after years of buying it.

The native token $NAFT would be the fuel of the ecosystem that can be used to take part in exclusive auctions, stake it to earn passive income, and make the most of their time and investment on the platform.  Similar to other tipping functions as seen on YouTube and other platforms, creators on Nafter can be tipped by fans anonymously or publicly by using NAFT Tokens with the push of a button. Content creators on Nafter can post "private content" that can only be seen by members who pay a fee in NAFT to be determined by the creator. The proceeds of this fee go primarily to the creator, with a 5% fee being burned.

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Contact: Jonathan Sulay

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