Feb 18, 2023
StoryCo Leverages Creative Talent with Soulbound Tokens
This week on NFT Steez, hosts Alyssa Expósito and Ray Salmond spoke with Justin and J.P. Alanis, the co-founders of StoryCo, a groundbreaking open media platform that is pioneering a new way of franchising intellectual property (IP) and incentivizing creators.
StoryCo is an innovative creative marketplace that allows users to explore, create, and potentially franchise IP. It is similar to pay-to-hire platforms like Fiverr and Upwork, but it is open and permissionless, meaning anyone can join.
Users can contribute value to the platform in a variety of ways, such as creating content, submitting story proposals, completing activations, or even simply viewing a story. StoryCo is also introducing a new concept called soulbound tokens, which are non-transferable nonfungible tokens that can be used to authenticate and verify someone’s identity, actions, or achievements.
StoryCo’s first community story is The Disco Ball, and it is the perfect example of how soulbound tokens can be used to incentivize participation. The StoryPass, a free NFT, is used to track members’ participation and consumption of the evolving story. As users unlock achievements with their StoryPass, their token is altered to reflect that.
The underlying value of soulbound tokens is that they allow StoryCo to learn what incentivizes its community better. Fifty percent of The Disco Ball’s net proceeds will be allocated to a shared treasury whereby the community will begin to propose and vote on the platform’s evolution, similar to the Nouns DAO Proposal House.
StoryCo is a pioneering platform that seeks to make the entry point to these stories more accessible, and eliminate elements of gatekeeping in these proprietary environments. It is a revolutionary concept that is ushering in a new era of digital creation and participation revolution.
If you’re interested in learning more about StoryCo, be sure to listen to Part 2 of NFT Steez’s conversation with StoryCo’s founders on the new Cointelegraph Podcasts page or Spotify, Apple Podcasts, Google Podcasts, or TuneIn.
For those looking to get their feet wet in the world of NFTs, StoryCo is a great place to start. With its innovative use of soulbound tokens, StoryCo is leading the way in NFT marketing and promotion, and is quickly becoming the go-to web3 agency for those looking to sell NFTs.
StoryCo’s mission is to open up the world of content creation to all types of creators, including fans. It is an open platform that is designed to incentivize collaboration and foster a community of creators who can franchise IP and create value together.
Whether you’re a fan, creator, or just someone looking to get involved in the world of NFTs, StoryCo is a great place to start. With its innovative use of soulbound tokens and its commitment to becoming a public good, StoryCo is leading the way in NFT marketing and promotion.
Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.
