Yuqing Irene Zhao, a crypto influencer and Instagram mannequin, offered all her 500 NFTs in and had a DAO in only a few days.
It began with the content material creators platform of Irene, So-Col. So-Col stands for “Social Collectables,” and the platform’s objective is to help content material producers in monetizing their work and constructing their communities. The platform, which acknowledged itself because the “decentralized model of OnlyFans, Discord, Twitch, and Patreon,” allows content material producers and influencers to rework their digital merchandise into NFTs.
Irene and her enterprise companion, Benjamin Tang, launched a sticker pack for her Telegram group to make use of final Tuesday. After that, a Twitter account referred to as “libevm.eth” contacted Irene to recommend a tremendous thought: turning her sticker pack into NFTs and promoting them. Irene agreed, and it’s an enormous turning level in her profession.
On Friday, January 14, they tokenized the stickers into 1,106 NFTs and offered them on OpenSea underneath the identify “IreneDAO”. Surprisingly, 500 NFTs had been offered in simply 40 minutes!
“What we didn’t anticipate was that our take a look at case was an on the spot hit. Actually, I used to be not even conscious when it was launched – I used to be out for a swimming lesson! By the point I got here again from the pool after 40 minutes, all the 500 NFTs had been gone. I didn’t even have one to myself,” Irene mentioned.
Galaxy Digital CEO Mike Novogratz and Logan Paul, have already purchased a few of her NFTs.
IreneDAO just isn’t solely supported by celebrities, however it’s also backed by some huge VCs like Animoca, Defiance, 3AC, and Mechanism.
IreneDAO’s core worth is “Simplicity, Integrity, That means, Goal”, which is called SIMP. A few of her followers joke that SimpFi would be the new pattern for the crypto business.
DISCLAIMER: The Info on this web site is offered as basic market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.
Be part of CoinCu Telegram to maintain observe of stories: https://t.me/coincunews