SocialPayMe Launches first NFT Marketplace On Blockchain
Jack Dorsey’s first-ever tweet, which offered as an NFT (or non-fungible token) in March 2021 for over $2.9 million, is now solely value hundreds of {dollars}. (MIAMI, FL) – Again then Jack Dorsey, then-CEO of Twitter, auctioned his first tweet as an NFT and a collector bought it for 1630.58 Ether, which was value $2.9 million on the time. One 12 months later, the customer relisted the identical NFT on the market on OpenSea and introduced that he deliberate to donate 50% of the proceeds to charity. The best bid it obtained? $9968 – a $2,905,867 drop in worth. Regardless of the low bid, NFTs nonetheless have large worth immediately. In the identical month, it obtained the $9668 bid, the market entered hype mode with month-to-month buying and selling quantity on OpenSea leaping to $2 billion, up from $150 million only one 12 months prior. “We can change this narrative” says Dr. Ravi Singh, Founding father of SocialPayMe, the primary ever on-line platform and market devoted solely to social media NFTs.
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“The platform allows influencers to monetize their social media profiles by attracting and collaborating with relevant brands and minting their social media posts into NFTs. It also allows brands to buy and own those NFTs for marketing assets or future use, and provides influencer authentication and insights on performance and value. Followers can also finally get rewarded for their engagement and loyalty by purchasing NFTs from their favorite influencer and collecting or reselling them on the marketplace. And like the Jack Dorsey tweet auction, charities can also benefit and receive donations from influencers or followers upon the sales of NFTs.”
The idea for SocialPayMe began as a dissertation by Dr. Singh for his PhD in Social Media and Expertise on the 35,000+ tweets by Donald Trump that helped him win the 2016 presidential election. That has since been developed right into a patent pending algorithm and is the idea for the “Social Media Voice Theory” algorithm that powers the platform and market. SocialPayMe is headquartered in Miami, Florida – the “Crypto Capital of the US”, and is presently elevating seed cash to launch in This autumn 2022.
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And along with the assistance of native leaders, corresponding to Mayor Francis Suarez, SocialPayMe hopes to democratize monetization for social media influencers. Dr. Singh is a world-recognized knowledgeable on blockchain, NFTs, in addition to social media voice, engagement, and tone. He holds a number of patents, along with two Grasp’s levels, a PhD in Social Media and Expertise, honorary alumni standing at MIT. Enterprise Week Journal and USA Right this moment have named him “The Campaign Guru” for this assist in electing 9 world leaders. He shall be talking about “The Super Science of NFTs” on the Crypto Join Expo in West Palm Seaside on Aug 20, 2022. Founding father of Crypto Join Expo is Scott Roseman states
“We are excited to have SocialPayMe announce their new social media NFT marketplace at our conference and have Dr. Ravi Singh, an expert in social media and NFTs, speak as a keynote speaker. We believe companies like SocialPayMe will help bring social media NFTs to the forefront of web3.”
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