Ljubljana, Slovenia, Oct. 03, 2021 (GLOBE NEWSWIRE) — A Web 3.0 social media protocol and NFT marketplace, Clout.art’s upcoming IDO has been bolstered by a record-breaking fundraising on Launchpool. With over $8.4m staked in their allocation mining event – and $250k available – their original target was exceeded by a factor of 30.
What is Clout.art?
Clout.art is a specialized NFT minting and marketplace platform, and the first dApp built on the Sway Social Protocol. Already driving the creator economy, Clout.art specializes in turning social media users’ most valuable content into unique NFTs. With the model already proven by the sale of Jack Dorsey’s first ever tweet to a Malaysian businessman for $2.5 million in March 2021, Clout.art is starting with Instagram posts. TikTok, Twitter and other social media platforms will soon also be in their sights. With social capital rapidly becoming an asset class in its own right, Clout.art helps social media users build out their crypto portfolio and passive income streams.
Alphabit Partnership
One of the major crypto asset funds, Alphabit has already noticed their huge potential. They will be leading a $1.4 million strategic investment round for Clout.art. Alphabit is joined by strategic investors including AU21, 01 Capital, LucidBlue Ventures, 0rigin Ventures, and others.
Clout.art has already validated their wisdom, raising the highest amount ever in total value locked (TVL) and staked on Launchpool. To power the creator economy, they made $250k available to the Launchpool community. However, they ended up breaking their previous record with over $8.4 million LPOOL staked in their signature allocation mining event (AME). At 30 times the ask, this shows not only that NFTs are still in demand, but also the market’s confidence and belief in Clout.art’s approach.
“We are delighted to be partnering with Clout.art – a true pioneer in the NFT world, and laser focused on building the creator economies of tomorrow. We analyzed the market thoroughly, as we do for all our investments, and Clout.art demonstrated exactly the approach we were looking for,” explains Shane McQuillan, VP Strategy at Alphabit and Executive Sponsor at the Launchpool Web 3 Techstars Accelerator.
What is the SWAY token?
The Clout.art SWAY token is the basic functional unit of the platform. It is used for voting, incentivizing positive actions, utility, and staking. The token is aimed at coordinating the network between NFT tokenization and a creator economy staking platform.
SWAY is staked by holders to pools owned by their favorite content creators. It represents a crucial step towards the creation and recognition of social capital as an asset class.
Token Features
Content creators establish individual pools for their NFTs.
Users stake SWAY tokens to the pools (content creators) they wish to support.
Staked SWAY tokens share in the revenue generated from their specific pools.
The initial issuance of SWAY is 100 million, with a further 100 million to be distributed as incentives for platform adoption. The issuance of new tokens, up to the 200 million cap, relies solely on content creators joining the platform and creating pools, thereby expanding the ecosystem.
IEO/IDO announcement
The platform is scheduled to launch in advance of the SWAY token generation event, giving everyone the chance to see the platform’s capabilities before Clout.art’s IDO offering. The IEO/IDO is scheduled for launch in October. For more details on how to take part, check the links below.
About Clout.art
Clout.art turns your most valuable content, such as your most successful Instagram posts, into unique NFTs. Your content becomes part of a valuable collection of assets and a source of income.
Launchpool leverages communities, knowledge, expertise, contacts, and capital to provide crypto projects with the best possible start to life, maximizing their chances for success in this fast-moving & dynamic space.
Media Details Company: Clout Art Contact Person: Bojan Semen Email: info@clout.art Website: https://clout.art/
Disclaimer: All investment strategies and investments involve the risk of loss. Nothing contained in this article should be construed as investment advice. Any reference to an investment’s past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.
LONDON (AP) — With a few daubs of a paintbrush, the Brontë sisters have got their dots back.
More than eight decades after it was installed, a memorial to the three 19th-century sibling novelists in London’s Westminster Abbey was amended Thursday to restore the diaereses – the two dots over the e in their surname.
The dots — which indicate that the name is pronounced “brontay” rather than “bront” — were omitted when the stone tablet commemorating Charlotte, Emily and Anne was erected in the abbey’s Poets’ Corner in October 1939, just after the outbreak of World War II.
They were restored after Brontë historian Sharon Wright, editor of the Brontë Society Gazette, raised the issue with Dean of Westminster David Hoyle. The abbey asked its stonemason to tap in the dots and its conservator to paint them.
“There’s no paper record for anyone complaining about this or mentioning this, so I just wanted to put it right, really,” Wright said. “These three Yorkshire women deserve their place here, but they also deserve to have their name spelled correctly.”
It’s believed the writers’ Irish father Patrick changed the spelling of his surname from Brunty or Prunty when he went to university in England.
Raised on the wild Yorkshire moors, all three sisters died before they were 40, leaving enduring novels including Charlotte’s “Jane Eyre,” Emily’s “Wuthering Heights” and Anne’s “The Tenant of Wildfell Hall.”
Rebecca Yorke, director of the Brontë Society, welcomed the restoration.
“As the Brontës and their work are loved and respected all over the world, it’s entirely appropriate that their name is spelled correctly on their memorial,” she said.
