These days, the word in everyone’s lips is metaverse. From Facebook changing its parent company name to Meta to all the talk about how the metaverse will change how we interact, it seems meta-mania is upon us. The metaverse will also have immense financial implications as current studies show it as being worth up to $8 trillion.
The metaverse, in essence, is a virtual world that we can interact within the same way that we do the real world. As much as this sounds like a concept from a sci-fi film set hundreds of years in the future, the metaverse is fast becoming a reality now. It is also fast becoming a valuable asset, with people now paying thousands of dollars for prized virtual land.
Needless to say, anyone offering value within the metaverse can reap the financial benefits. Naturally, this has immense implications for everyone, including creators, which is where Woonkly.com comes in.
What is Woonkly.com?
Woonkly.com is a blockchain-based social layer for the metaverse that heavily leverages NFTs and IFPS in its operations. The goal of Woonkly.com is to connect metaverse users in what is called a Metasocial Network, and to preserve the principle of decentralization while doing so.
While a platform like Woonkly will benefit people in general, there is a particular benefit to be had for artists and creators. In the last year or so, NFTs have become a major way for creators to earn an income by tokenizing their works. Every other day, the news reports on a creator selling their work for thousands and even millions of dollars.
However, this is not the reality for a majority of creators, as there are several barriers to entry and success in the NFT market. First, the costs and complications associated with minting NFTs turn away some creators who might not have the technical know-how to access the platforms.
For creators that are able to mint their NFTs, the success of an NFT collection often depends on being able to list it on top marketplaces, which usually have stringent requirements for creators. These, along with the limited resources in place for promoting NFTs, means that creators cannot profit from the market as much as they should.
Woonkly.com addresses this problem by creating a metaverse platform through which users can create profiles that are decentralized and can easily turn their content into NFTs. With Woonkly.com, users can create NFTs in only a few seconds and by linking their wallets to the platform. This removes the barrier of technical know-how and lets practically anyone create NFTs. Because Woonkly.com is so focused on NFTs, it takes into consideration the fact that practically anything can be an NFT.
In fact, all content that is uploaded to the Woonkly.com metaverse is automatically turned into an NFT, be they music, audio, text, and so on. Users can choose to sell or auction them and as part of the Woonkly.com setup, a portion of all resales of the NFT will be paid to the original creator as royalty, which means that they can serve as a source of perpetual income.
It also means that creators will have a great amount of control over their work and do not have to worry as much about plagiarism.
On the social media end, Woonkly makes use of algorithms to run the platform as opposed to people and is completely decentralized. This means that there is less chance of biases and discrimination.
The Woonkly.com Future
One of the greater goals of Woonkly.com is to create an interactive directory of current and future metaverses, brands, games, influencers, and gamers and has described this future as a decentralized prism. In support of this, Woonkly.com has developed its own native token, Woonkly Power (WOOP), which has a market cap of 100 million tokens.
The token, which has seen a recent spike in value, can be bought on exchanges like xt.com or gate.io and will play an even larger role in the Woonkly.com universe moving forward.
