What is the latest Binance IEO project all about? Unveiling the creator economy of NFPrompt

Author: Vanguard 0

The combination of AI and Web3 not only signifies the intersection of the world's largest business opportunities but also represents a perfect fusion of artistic creation and advanced technology. The value space of both is an immeasurable existence.

Bloomberg predicts that the total market value of AIGC (Generative AI) will reach $1.3 trillion in the next decade. In the face of this historic opportunity, decentralized Web3 organizations and creative methods will be more suited to new business forms, among which SocialFi, a new play that highlights on-chain social interaction, can better stimulate the vitality of humanity's creative endeavors using AI.

AIGC is expected to grow at a compound annual growth rate of 42% over the next decade.

Authoritative data estimates that by 2033, the total market value of SocialFi will exceed $4.5 billion. If the creator economy system can better connect the Web3 market and technology, the economic value it can activate may exceed expectations. Currently, the global creator economy market is valued at $104 billion and is expected to grow to $200 billion by 2026.

Against this backdrop, the product features and design philosophy of NFPrompt are particularly noteworthy.

Easy Creation, Joyful Earnings: The Creator Economy Ecosystem of the Web3 Era is Initiated by NFPrompt

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

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

The core innovation of NFPrompt lies in its establishment of a decentralized creator economy community. Unlike other projects that only provide basic "creation" tools, NFPrompt offers real value and monetization pathways for the content created by users. This is not just about artistic creation; it is a model that transforms imagination into tradable assets on the blockchain. Notably, the cost for users to mint an NFT on the opBNB platform is extremely low, at just one cent, significantly lowering the barriers to creation and participation.

NFPrompt selected for Binance's sixth season incubation project

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

In addition, NFPrompt has built a sustainable ecosystem using Web3 token economics. The platform attracts a large number of users, becoming an ideal place to expand brand exposure. Commercial clients pay for marketing activities, forming a reward pool that further incentivizes users to create more. This positive cycle has been proven to sustain user growth and revenue.

In the internet age, 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 Web2 creator economy, creators face issues such as unequal income distribution, lack of content management rights, and vicious competition, which are driving creators to migrate to Web3.

Unleashing Imagination, Instant Monetization: NFPrompt Etches the Eternal Value of Creators with On-Chain Technology

To better align with this trend and attract creators migrating to the Web3 industry, NFPrompt has made a series of innovations in product design, featuring a range of distinct exclusive advantages, specifically including:

1. A series of supporting NFT creation tools have been set up to help users start their Web3 creative journey with one click:

NFPrompt has developed various AI-driven creation tools, making NFT creation easy and accessible. NFPrompt offers five different creation tools, such as image, video, pfp, music, etc., reducing the NFT creation time from days to seconds. To date, over 1 million artworks have been created and minted.

2. Hosting themed creation competitions in the Web3 industry to attract a massive number of Web2 creators:

To encourage users to create and share, themed creation competitions have been designed, such as IP rebranding and logo redesign. Creators participate in themed creation competitions for fun and rewards. Each competition sees around 2,000-5,000 creators participating, collecting 40,000 votes. To date, over 50 themed creation competitions have been held, with 25% of participants (creators or voters) receiving rewards.

3. Widely attracting high-quality collaborations and continuously empowering partners through digital means:

NFPrompt provides easy-to-use tools for partner projects, hosting creation competitions and attracting global creative talent. NFPrompt has become an effective channel for projects to expand brand exposure. These commercial clients are willing to pay for marketing, forming an event reward pool that further incentivizes users to create on NFPrompt. To date, over 50 projects have collaborated with NFP to host themed creation competitions.

4. Establishing creator profile pages that allow creators to showcase their work and enhance exposure:

Profile pages are designed to promote community interaction and showcase individual creators' creativity. Top creators and influencers are verified and have exclusive badges on the platform. To date, over 100 influencers (with 10K+ Twitter followers) have joined NFPrompt. The page also provides creators and influencers with channels to interact with fans, share exclusive content, and valuable information.

5. A DAO-style creator community has been established, where creator interactions and collisions stimulate potential value:

Creators create, share, and interact on NFPrompt, achieving an M1 retention rate of 55%, discovering value. To date, 180,000 creators have created over 1 million artworks. The daily creation volume of artworks on the platform has reached over 20,000.

Additionally, NFPrompt ensures creators' control over content through decentralized storage and wallet asset address on-chain; it protects creators' rights through on-chain data content tracing and duplication checking mechanisms, eliminating issues like plagiarism and imitation with one click; it has innovated a multi-dimensional screening mechanism, providing rewards such as tokens and NFTs for high-quality content through platform selection, user selection, and bot screening; it opens multiple income channels for creators, enabling them to increase their earnings. For example, NFPrompt generates revenue for creators by turning content into NFTs for sale, introducing richer mechanisms for creators to continuously earn.

Top 3 Dapps in the BNB ecosystem

In summary, NFPrompt provides creators with a fairer and more transparent environment in the Web3 era. It not only addresses some core issues of the Web2 era, such as unfair revenue distribution and lack of content control, but also offers creators more diversified income sources and greater control, thereby promoting the production of high-quality original works.

The Iterative Attempts to Empower Creators Never Stop: NFPrompt Will Offer Users More New Experiences

On the path to empowering Web3 creators, NFPrompt never stops. Soon, NFPrompt will launch two new features to better meet user experiences:

1. Adding social features: Content creators can sell their created NFTs, allowing users to enter a unique paid space. Here, creators can manage and set their works and permissions, creating their own pricing curves.

2. Incentivizing users to share: Users can increase the popularity of their works by sharing them, and this data will feedback into the creator's trend index. The higher the influence of a creator's work or social media presence, the more revenue they earn, thus stimulating community growth and transaction volume of works.

Users can experience the fantastic and wonderful Web3 creative journey brought by NFPrompt by watching detailed video tutorials.

NFPrompt Launches Airdrop Activity

It is evident that NFPrompt, by combining the decentralized characteristics of Web3 with the intelligent capabilities of AI, has opened up new pathways for the creator economy and community building. It not only provides a platform for creators to express and monetize their works more freely but also establishes a decentralized community that strengthens the connection between creators and fans, making creation and communication more efficient and valuable.

According to previous official introductions, NFPrompt secured seed round financing with a valuation of $60 million in its early stages. In the highly potential AIGC track, NFPrompt has significant market appreciation potential, and currently holds a high market share in the AI + Web3 sector, with conservative estimates suggesting future valuations could reach over $100 million. In the future world of Web3 + AI, NFPrompt's role cannot be underestimated. It is not just a tool or platform but a powerful engine driving the development of the creator economy and community. With technological advancements and the continuous growth of user demand, NFPrompt is expected to play a larger role in this vibrant market, leading a new wave in the creator economy.

Related Links:

• Website: https://nfprompt.io/

• Twitter: https://twitter.com/nfprompt

• Medium: https://nfprompt.medium.com/

• Telegram: https://t.me/nfprompt

• Discord: https://discord.com/invite/nfprompt

• Whitepaper: https://docs.nfprompt.io/