What is the origin of the latest Binance IEO project? Revealing the Creator Economy of NFPrompt

12-20

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Author: Vanguard 0

AI + Web3, the combination of these two concepts not only means the intersection of the world's largest business trends, but also a perfect fusion of artistic creation and advanced technology. The value space of both is inestimable.

Bloomberg predicts that the total market value of AIGC (generative AI) will reach 1.3 trillion in the next 10 years. Facing this historic opportunity, the decentralized Web3 organization and creation method will be more adaptable to new business forms, among which SocialFi is a prominent chain. The new way to socialize can stimulate the vitality of all mankind to use AI to create.

AIGC will grow at a compound annual growth rate of 42% in the next ten years

Authoritative statistics claim that the total SocialFi market will exceed US$4.5 billion in 2033. If the creator economic system can better connect the Web3 market and technology, the economic value it can activate may exceed imagination. The current total market value of the global creator economy is US$104 billion and will increase to US$200 billion in 2026.

In this context, NFPrompt's product functions and design concepts are particularly eye-catching.

Create easily, profit happily, the economic ecology of creators in the Web3 era is opened by NFPrompt

NFPrompt, an innovative AI-driven Prompt-UGC platform designed for the new generation of creators, was recently selected for the sixth season of the Binance Incubator incubation program. The platform currently has a total of 180,000 creators and has generated 1.07 million NFT works.

NFPrompt provides users with a unique creative space with its multi-modal proprietary model - including text to image, video, music conversion models. On NFPrompt, users can not only easily create NFT content, but also participate in voting and win rewards from art activities sponsored by the Web3 project.

The core innovation of NFPrompt is that it establishes a decentralized economic community of creators. Unlike other projects that only provide basic "creation" tools, NFPrompt provides real value and monetization methods for user-created content. This is not just artistic creation, but a model of transforming imagination into tradable assets on the blockchain. It is particularly worth mentioning that the cost for users to mint an NFT on the opBNB platform is extremely low, only 1 cent, which greatly lowers the threshold for creation and participation.

NFPrompt was selected for Binance’s sixth season incubation project

This model of NFPrompt has revolutionary significance for existing AI application scenarios. It not only provides new sources of income for creators, but also injects new vitality into the digital art and NFT markets. More importantly, NFPrompt provides creators and users with a fair and transparent decentralized trading platform. Through the creativity of AI and the decentralized nature of Web3, creators empowered by NFPrompt can exert their talents in a fairer and more transparent environment and receive the rewards they deserve.

In addition, NFPrompt leverages the Web3 token economy to build a sustainable ecosystem. The platform attracts a large number of users, making it an ideal place to expand brand exposure. Commercial customers pay for marketing activities, forming a prize pool that further encourages users to create more. This positive cycle model has been proven to continuously grow user base and revenue.

In the Internet era, the creator economy has become a new economic model. In this model, independent content creators publish their original content through social media platforms or communities and earn revenue from it. However, in the creator economy of Web2, creators face problems such as uneven income distribution, lack of content management rights, vicious competition, etc. These problems are driving creators to migrate to Web3.

Unleash your imagination and realize your talent in seconds: NFPrompt uses on-chain technology to engrave the eternal value of the creator

In order to better comply with this trend and accept the creators who have spilled over to the Web3 industry, NFPrompt has made a series of innovations in product design and has a series of obvious exclusive advantages, including:

1. A series of supporting NFT creation tools are set up to help users start the Web3 creation journey with one click:

NFPrompt has developed a variety of AI-driven creation tools to make NFT creation easy and within reach. NFPrompt provides 5 different creation tools, such as images, videos, pfp, music, etc., reducing NFT creation time from days to seconds. To date, 1 million pieces of art have been created and minted.

2. Hold a theme creation competition in the Web3 industry to attract a large number of Web2 creators to join:

In order to encourage users to create and share, theme creation competitions are designed, such as IP reshaping and logo reshaping. Creators participate in theme creation contests for fun and rewards. Approximately 2,000-5,000 creators participate in each competition, and 40,000 votes are collected. So far, more than 50+ theme creation competitions have been held, and 25% of the participants (creators or voters) have received rewards.

3. Extensively absorb the best cooperation and continue to empower partners through digital means:

NFPrompt provides easy-to-use tools for partner projects to host creative competitions and attract creative talent from around the world. NFPrompt has become an effective channel for projects to expand their brand exposure. These commercial customers are willing to pay for marketing, forming an activity reward pool to further encourage users to create on NFPrompt. So far, 50+ projects have cooperated with NFP to hold theme creation competitions.

4. Set up a creator profile page to allow creators to showcase the charm of their works and increase exposure:

Profile pages are designed to facilitate community interaction and showcase the creativity of individual creators. Top creators and influencers are verified and have exclusive badges on the platform. So far, 100+ influencers (with 10K+ Twitter followers) have joined NFPrompt. Pages also provide a channel for creators and influencers to interact with fans and share exclusive content and valuable information.

5. The creator community in the form of DAO has been completed, and the interaction and collision of creators stimulates potential value:

Creators create, share and interact on NFPrompt, and the M1 retention rate reaches 55%, discovering value. To date, 180,000 creators have created more than 1 million pieces of art. The daily number of artworks created on the platform has reached more than 20,000 pieces.

In addition, NFPrompt ensures creators’ control over content through decentralized storage and uploading wallet asset addresses to the chain; through the on-chain data content traceability and duplication checking mechanism, it can eliminate plagiarism and imitation with one click and protect creators’ rights. Rights and interests; it has created an original multi-dimensional screening mechanism, including platform selection, user selection, robot screening, etc., to provide tokens, NFT and other rewards for high-quality content; it has opened up multiple income channels for creators to increase their income. For example, NFPrompt makes content into NFT for sale, and on this basis introduces a richer matching mechanism, so that creators can make endless profits.

Top3 Dapps in BNB ecosystem

To sum up, NFPrompt provides creators with a fairer and more transparent environment in the Web3 era. It not only solves some core problems in the Web2 era, such as unfair income distribution and lack of content control, but also provides creators with more diversified income sources and greater control, thus promoting the production of high-quality original works. .

The iterative attempts to empower creators will never stop, and NFPrompt will provide users with more new experiences.

NFPrompt will never stop on the road of empowering Web3 creators. Soon, NFPrompt will launch two new features to better meet the user experience:

1. Add social gameplay: Content creators can sell their own NFTs, allowing users to enter a unique paid space. Here, creators can manage and set their own works and permissions, and create their own price curves.

2. Encourage users to share: Users increase the popularity of their works by sharing their works, and these data will be fed back to the creator’s trend index. The higher the influence of a creator's work or social media, the more revenue they will receive, thus stimulating the fission of the community and the transaction volume of the work.

Users can watch detailed video tutorials to experience the fantastic and wonderful Web3 creation journey brought to you by NFPrompt.

NFPrompt starts airdrop activity

It is not difficult to find that NFPrompt has opened up a new path for creator economy and community building by combining the decentralized features of Web3 and the intelligent capabilities of AI. It not only provides a platform that allows creators to express and realize their works more freely, but also makes the connection between creators and fans closer by establishing a decentralized community, making creation and communication more efficient and valuable .

According to the official introduction, NFPrompt received seed round financing in the early stage at a valuation of US$60 million. In the AIGC track with huge market potential, NFPrompt has huge room for future market appreciation and currently has a high market share in AI+web3. , it is conservatively estimated that the future valuation will reach hundreds of millions of dollars. In the future world of Web3+AI, the role of NFPrompt cannot be underestimated. It is not only a tool or platform, but also a powerful engine that promotes the development of the creator economy and community. With the advancement of technology and the continuous growth of user needs, NFPrompt is expected to play a greater role in this dynamic market and lead the new wave of the creator economy.