As They've seen in the realm of cryptocurrencies, non-fungible tokens (NFTs) are defining a before and after, and it appears that they will be around for a while. Copyright and sovereignty of digital content are unquestionably the way of the future. It appears that the current thinking is to abandon paper and tangible objects in favor of creating content, meteoric, and art entirely digitally and minting them in the form of an NFT cryptocurrency.
It is my intention with this brief to clearly introduce you to a new project that is already in progress called StartFi, which intends to take NFTs a step forward with the concept of further broadening the ownership of this digital world that they are discussing, and which will instill sponsorship contracts either for events, parties, sports, or other activities. Their, NFTs will no longer be limited to games or memes but will be able to encompass anything digital that you can think of.
What is Startfi?
As an example, StartFi is a blockchain-based platform dedicated to non-fungible tokens (NFTs) that assists content creators in raising revenue for their digital content through crowdfunding campaigns. The objective is to encourage as much engagement from the community as possible in order to distribute and generate revenue, and the idea is to make digital material transfer easier.
One of StartFi's primary objectives is to modernize the traditional non-profit fundraising process by making it simpler to initiate and conclude campaigns by leveraging the transparency and decentralization that blockchain technology allows. Funding and fundraising will reach content creators, influencers, and celebrities more effectively if the process is streamlined.
What exactly is the procedure for doing this? StartFi ecology from the ground up
Developing the concept is simple. Consider the relationship as a triangle among the StartFi platform itself, the NFT developers, and the fans who are interested in purchasing these NFTs:
On the one side, NFT creators can Create NFTs via the StartFi Network in order to create one-of-a-kind digital assets and to share rewards with their followers and followers. Alternatively, fans and followers of the NFTs can purchase them by donating funds to the creators, and they'll be eligible to vote on the design, artist promotion, and celebration, among other things. It is in exchange for this that they will be rewarded with exclusive digital assets. And none of this would be possible without the help of StartFi, which will support the whole NFT ecosystem through initiatives such as the Initial NFT Offer (INO), digital right management, collaborations, and other initiatives.
The Initial NFT Offering (INO), which will be launched by StartFI, will allow content creators to secure funding for their next project, which could be a music album, media content, digital artwork, video documentary, or game collectibles, all of which will require money to begin the creation process. Yes, you read that correctly. In exchange, fans will be able to sponsor those initiatives using NFT and earn money, resale it as a unique item, publish and republish that content while maintaining copyright management rights, and much more. StartFi will include sophisticated features like Time Lock, Private Pools, DAO, and other such features in the near future.
StartFi's ecosystem provides a number of benefits.
Token holders would be enabled to engage in the many governance components of the project through the implementation of a governance protocol in the project.
Integrability: The platform will be interoperable with a number of different blockchains that are now in use.
An automated market maker (AMM) in conjunction with an Ethereum-based NFT DEX results in a completely decentralized system. Creators will be capable of raising funds through the sale of NFT in the initial offering.
NFT Trusted Pools: a trusted NFT listing featuring KYC and whitelist integration is available.
Private auctions: creators will be enabled to build private campaigns with customized links in order to safeguard their personal information from being shared.
Tokenomics
Throughout the StartFi platform, STFI would be used as a utility token, and it will be used heavily in all transactions as well as the launchpad and rewards. In addition to receiving rewards from Pools distribution revenues and NFT transaction fees, token holders will also receive incentives from the token's other uses. They will also have the ability to vote on new suggestions for the development of the project, and they will be capable of paying fees with the STFI token in the future. Depending on their STFI level, they will be able to engage in a variety of participation groups.
For more information about the project, you can visit and read their Pitch Deck available here (https://drive.google.com/file/d/1vrQ8N3UrQgBw8EiulLDXJZeoBWREiMPz/view). You can also stay tuned in their official Telegram Channel (https://t.me/StartFiChat). I hope you liked the post and soon I’ll send you new ones.
Social Media Links
Website: https://startfi.io
Medium: https://startfinance.medium.com
Twitter: https://twitter.com/StartFinance
Telegram: https://t.me/StartFiChat
Authorship:
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