Press Releases

Woonkly v2 Incorporates NFTs in social media, Fast-tracking Adoption

John Williams
John Williams

Non-fungible tokens (NFTs), or simply nifties, are dominating forums and, as expected, the crypto sphere. They are behind a new wave of crypto innovation introducing exciting ways of digital ownership. For years, this was elusive, but with the entry of blockchain, it is now possible for anyone to confidently retain total ownership of assets with real-time, on-demand provenance because of NFTs.

NFTs are a Global Phenomenon

Subsequently, NFTs are projected to command billions in years ahead after rising to over $40 billion in 2022. Presently, the creative industry has been a major beneficiary.

Nonetheless, NFTs also have applications in eCommerce and social media. The latter already commands trillions in valuation. Billions of users across the globe are creating content for free for megaliths who, as it stands, don't pay to generators despite their respective posts being educative or informative.

The inevitable Merger of NFTs and social media

The merger of the multi-billion-dollar social media scene and blockchain-powered solutions leads to the rise of SocialFi. Therein, NFTs find prominent use, enabling new functionalities and driving the adoption of digital assets.

Among the frontrunners is Woonkly, the world's first multichain metasocial network. It is an innovative social media platform anchored on the revolutionary powers of decentralization, depending on NFTs and the interplanetary file system (IPFS) for enhanced security.

Through the platform, users can create NFTs in seconds, build a solid, global fan base and capitalize on their inspirations and best moments.

Woonkly v2 Promotes NFT and crypto Adoption

A notable highlight about Woonkly is its multi-chain dashboard, supporting NFTs from connected platforms like the BNB Chain, Avalanche, and Ethereum. Here, enthusiasts will, at a glance, have a bird-eye view of all exciting and unique digital collectibles in the broad NFT ecosystem.

The metasocial network provides a timely solution considering the high level of fragmentation in the nascent but promising NFT landscape. This fragmentation stems from the absence of interoperability in the legacy networks, including Ethereum, which caused subsequent blockchain ecosystems to expand in isolation. Without interoperability, mass adoption would be slow, if not a mirage.

A Multichain Protocol on Ethereum, Avalanche, and the BNB Chain

However, Woonkly is aware of the repercussions and lays a solid base for easy exploration of NFT ecosystems in various blockchains, easily from a simple, secure, and easy-to-use interface.

Through Woonkly, it becomes incredibly fast for users to explore digital collectibles on Ethereum, Avalanche, and the BNB Chain. Whether the collectible is available on Rarible, Binance NFT, or any other marketplace, all pieces will be aggregated and listed on the Woonkly dashboard. Enthusiasts don't have to worry about the marketplace from where the NFT is listed on.

Storing NFTs and IPFS

Notably, Woonkly will operate as a social media platform, allowing users to engage with others and brands. All posts will be automatically converted into NFTs and stored on the decentralized storage system, IPFS.

Furthermore, Woonkly integrates valuable tools for implementation, including a Layered NFT Collection Builder, an NFT explorer, a detailed landing page builder, and a portal for exploring NFT rarity and related analytics.

Future Plans: Private and Fractional NFTs, Staking

The platform also plans to release the Woonkly Super Powers in the days ahead, which allows active brands and influencers to build their communities with different incentivization mechanisms. Furthermore, the metasocial network is planning to incorporate DeFi. This way, holders of Woonkly's native token, WOOP, can stake and earn passive income. Other exciting features in the pipeline include the ability of projects or brands to issue mystery boxes, carry out private or fractional NFTs, free Nifties mining, and mixed royalties.