Innovative Chatting Experience By Social NFT

5 min readJun 30, 2021

Information has always been a key element in human interaction. Today, information is not just a key element but has become a major means of survival for all and sundry. In the recent past, transfer of information and keeping in touch with family and friends have always been done using TCP and IP protocols until the invention of the blockchain technology by Satoshi Nakamato. Presently, the use of inter connectivity and the related integrated technology in the likes of Augmented/Virtual Reality, and internet of things (IOT) have gone ahead to make available several means of communication and information transfer through the SocialNFT.

The Socialnft Tokenization and Digitalization of information is yet on and developing, but has been insufficient to satisfy the requirements of our ever-developing society. Hence, there is need for efficient ways of distributing information via social media, digital value and payments in the newly emerged crypto currency market. The question is: is it possible to successfully integrate social media with peer-to-peer payment all in one application? Most previous payment solutions available do require third party payment processor between the peers in order to be successful. However, the Bitcoin has changed this trend owing to its effective support platform. It has been given the award of being the first peer-to-peer value transfer protocol available. However, the Bitcoin platform has got some limitations which is why the Social NFT Limited has developed the Biance Smart Chain to provide better facilities and upgrade the crypto-payment market by leveraging the blockchain technology. Find out for yourself! https://socialnft.market/

As you may already know all cryptocurrencies are powered by the blockchain technology and all transactions are performed on blockchain in a very secure and properly maintained environment. Social NFT is also based on the popular blockchain technology and all user wallets will operate in a secure crypto environment.

The Social NFT is an App being developed by the Binace Smart Chain to provide a mobile payment system integrated to the social media using blockchain technology. Social NFT possesses more than just the chatting feature as is common with most of the communication Apps available. It can be used for messaging, voice calls, video call, payment of bills/funds transfer, making payment orders, user-story sharing as well as increasing followers for a public figure or business enterprise.

Social NFT Networking

This is a completely Social NFT Networking solution and chatting app through which you can connect with friends and family members, send text messages, files and more, send money online, pay bills, post on user walls, share your story and discuss through comments, create and follow brand pages. The app is suitable for people of all ages.

The various feature of the Social NFT Include:

• Mobile payment

• Fund transfer

• Cryptocurrency exchange

• Messaging

• Voice chat/message

• Video chat/conference

• File transfer

• Personal/Business page

• Private/Public group discussion

• Life moment sharing

• Blogging

• Live stream

• Mobile games.

Benefits from Token Sales

Users will get Social NFT tokens in exchange for their investments in the Initial Coin Offering (ICO) project. This will work as the investor’s share in the project as well as in any profit which is made from this particular project.

Other token benefits include transparency in uses of funds, anonymity in payments and transfers, ease of buying and selling online from anywhere, decentralization of the funding process, non regulation with any government, no effect of any political or economic disasters, higher tangibility, diversification of the investment portfolio, and no connection from the economy or the stock market.

SOCIAL NFT MARKETPLACE is marketplace for social media users to be creative NFT (non-Fungible tokens) of their items or images and sell them on the platform. SOCIAL NFT Marketplace users can add one or more items in the marketplace for sale. users who wish to buy on the market must also be registered on the SOCIAL NFT Marketplace. All transactions on the SOCIAL NFT Marketplace are carried out using the SNFT token platform which is used as a utility token on the platform.

FEATURES AND FUNCTIONS

DECENTRALIZED AND DISALLOWED

SOCIAL NFT Framework is designed to optimize the benefits (and minimize the risks) of digital assets ownership and trading. Our core technology relies heavily on blockchain, automated smart contracts.

BLOCKCHAIN PROTOCOL

SOCIAL uses the Binance blockchain and protocol, with the native token named SNFT. It will share security profit from the entire Binance network, avoiding the possibility consensus attack.

CHEAPER EXPOSURE FEES

There will be some fees that apply such as application usage fees for trade execution, creation and listing of NFTs, NFT Auction.

CHAIN MANAGEMENT GOVERNANCE

SOCIAL NFT Market governance enables stakeholders to seamlessly modify the protocol base and change critical framework parameters to meet changing needs of the environment and society.

CLIENT PARTNERSHIP

SOCIAL NFT Marketplace provides a UNIQUE platform for users who want to bring their digital products to the NFT marketplace where they can sell their own images or goods in a marketplace with an established business model.

INCENTIVES AND REWARDS

User Base Incentives and Rewards Community is almost everything, and the SOCIAL NFT Marketplace will focus entirely on rewarding early adopters In addition to incentives to use, the SOCIAL NFT Marketplace uses a Proof of Stake model that can offer its own rewards for being a network validator.

The Social NFT Tokenization and Digitalization of data is yet on and growing, however has been deficient to fulfill the necessities of our consistently creating society. Thus, there is requirement for proficient methods for conveying data by means of online networking, computerized esteem and installments in the recently developed digital currency advertise. The inquiry is: is it conceivable to effectively coordinate web-based social networking with distributed installment across the board application? Most past installment arrangements accessible do require outsider installment processor between the companions to be effective. Be that as it may, the Bitcoin has changed this pattern inferable from its viable help stage. It has been given the honor of being the principal shared esteem exchange convention accessible. Be that as it may, the Bitcoin stage has got a few confinements which is why the Social NFT has built up the Binance Smart Chain to give better offices and update the crypto-installment showcase by utilizing the blockchain innovation. Discover for yourself!

CONCLUSION

The SOCIAL NFT Marketplace is revolutionizing the NFT industry by connecting the NFT marketplace with social media outlets. It gives social media users and businesses a platform to sell their images for passive income.