ChainCatcher message, encrypted KOL Ansem stated, "The only way for social tokens to succeed is to find out how to massively bring in TikTok and Instagram user groups outside of our small Crypto Twitter circle.This is the only issue that any social token experiment should focus on solving."

ChainCatcher news, the NFT project Cool Cats announced that it will collaborate with a renowned game developer to launch three new games, and there will be a significant update to the Cool Pets derivative NFT series in 2024, further enhancing the global visibility and engagement of the Cool Cats brand.In addition, the social token MILK under Cool Cats will stop being generated after July 27, 2023, and a MILK token burn event is expected to start this summer, with specific details to be announced in the coming weeks. (source link)

ChainCatcher news, according to The Block, the social token platform Rally stated in an email sent to users that it will shut down its sidechain after today. Since NFTs on the sidechain cannot be transferred to the mainnet, these NFTs will be inaccessible after the sidechain is closed.The crypto data platform Rootdata shows that Rally is a platform that helps creators and their communities build their own independent digital economies, allowing creators, artists, celebrities, communities, and brands to launch their own social tokens and NFTs. In 2021, Rally completed two rounds of funding totaling $72 million. (source link)