Know why is this an apt time to begin Social Token Development

Popular personalities across the globe are harnessing the power of the metaverse. They are selling their limited-edition collectibles on various blockchain-powered marketplaces. Likewise, their fans are purchasing these rare assets by making bids through auctions. Are you an entrepreneur with a keen interest in the phenomenon of Web 3.0? Launch a Social token now. 

Know the importance of Social Token development? 

Personality Tokens - Athletes, celebrities, and influencers across genres are launching custom tokens for their followers. Thus, investors can purchase these digital assets and access exclusive content. Generally, the personality tokens resemble the traits and values followed by the public figure and directly connect with the interests and preferences of their fans. 

Community Tokens - Often, a tussle happens between fans when they compare one personality with another (superstar versus a debutant) (legendary music composer pitted against an amateur artist). 

However, celebrities can get the upper hand by selling community tokens to their die-hard followers. They can set the price of the token at a low level and gradually increase it depending on the demand from investors. 

Holders will also get membership cards, access to loyalty programmes, and exclusive merchandise. Gradually, acclaimed personalities will witness a rise in their follower count. You can also enable a plugin with a secondary market to help users buy and sell Non-Fungible Tokens (NFTs) from other fans after a specific period. 

The different Social Token services are

• Creation of custom tokens that suits the interests of personalities. This will help celebrities directly reach out to their fans. Moreover, they can engage better with their fans by selling tickets and passes for meet and greet sessions, events, and interactive get-togethers. 
• White-label NFT marketplace development across different blockchains and sidechains. 
• Integration with different hardware and software wallets to process transactions quickly. 
• Post-launch services like the implementation of marketing campaigns, increasing the supply of virtual tokens, auditing of smart contracts, and addition of new features. 

Wrapping Up

Are you eager to revamp the functioning of the creator economy? Use social token services of a reputed white-label solution provider soon.