we hosted an amazing AMA with Clout.art on the 4th of August
And here we will put some of the best questions:
Q1) Can you please introduce yourself as well as Clout.art ?
Sure thing! I’m Jure and I’m the founder of Clout.art. I have been around in the industry for 5+ years now and one of my first ventures was a NFT protocol company back in 2018.
Right now I’m working with an amazing global team to build Clout.art.
Clout.art is a microservice and marketplace for NFTs created from social media content, and a creator economy platform where creators and fans come together through the SWAY token.
In other words, Clout.art allows you to burn and mint your social media posts as unique NFTs.
Q2) What are the advantages of Clout.art project ? How investors and holders will benefit from it ?
There are several. The main thing to understand is that Clout.art is a solution for NFTs that works with existing social media, ie. Instagram, TikTok.
While other decentralized social networks are coming to life slowly, we believe Instagram isn’t going away anytime soon.
We allow creators to use their existing networks, communities and turn their existing and sociall validated content into NFTs and sell them on an open marketplace.
But underneath the hood, we found a way to turn a social media post into an NFT and keep the value perserved
Hence, helping creators make more revenue.
Q3) Let’s now talk about the milestones you have achieved since last time here and about your upcoming plans?
We have sucessfully launched our AIRDROP — it’s currently one of the hottest airdrop around, in only couple days our social channels have gone 5x
Read more about it at https://clout.art/airdrop
One of the more important updates is going from $PROPS to $SWAY token ticker.
Our token model has outgrown our product. That’s how the Sway Social Protocol was born. Sway is a creator-owned, decentralized social media protocol that uses NFTs to translate social capital into an asset class.
Read more about it at https://swaysocial.org
We have moved to Polygon! and partnered up with them!
We want to allow people to mint NFTs 100% FREE! and have decided to go with Polygon.
We successfully applied for the Polygon grant and are working closely with their team on the transition.
We are the first NFT marketplace to not only allow FREE NFT minting but we will also introduce carbon neutral minting to make sure we have minimum impact on the environment.
An official update on this is coming soon, you guys heard it first here
Last, but not least, we have onboarded some really interesting partners, investors and celebrities. More on that will be following in the next couple weeks…
The platform is getting released really really soon, so stay tuned.
Q4) Every project has a story behind their name, Can you tell us more about the story behind this? Who are the team behind this project? can tell us their background?
Interesting one. On name: Clout means influence and power (just like SWAY). But at the core of Clout.art is the idea of capturing the “clout and art” value of pivotal social-media posts from an influencer’s digital story and translating that into unique NFTs that are incredibly valuable to the influencer, their followers, and collectors.
On team: Our HQ is in Maribor, Slovenia, where the majority of dev team sits. However, our team is decentralized and all over the world. We have some really amazing young, emerging engineers and some senior veterans from the industry.
What’s even more important is that we have a very strong advisory support. I believe these are some of the brightest people in the industry and we’re super happy to have them onboard.
And here we will put best questions from our members and Clout.art fans:
Q1) On August 2021, you plan to work with influencers and agencies to take the product to a mass market and as we know that it need more funds to collaborate with some agencies and influencer so as a new project how will you get funds for this kind of marketing advertisement?
Our marketing plan is quite solid. But we are working with a couple of agencies that are just outstanding (look at how we grew form 5k to 30k on Telegram in less than a week). So a big chunk of $$$ is dedicated to growing the community and user acquisition.
As for the influencers, we’re sure they will come when they see what we have. It’s the easiest way to monetize their likeness… so why wouldn’t they try it out. We even pay for their minted NFT.
Q2) I recently saw that Clout Art Replaced ” $PROPS to $SWAY “. So, What is the difference between the two tokens that you replaced them?
Will this determine your strategy for choosing a baseless local stablecoin in the future?
How did you achieve global adoption of its stablecoin?
Yes like mentioned before, SWAY will replace PROPS.
We fell in love with PROPS, but sadly, another project on Polygon uses that symbol already. On the other hand, SWAY comes with an opportunity to tell the deep tech story in a better and more concise way.
Our token model has outgrown our product. That’s how the Sway Social Protocol was born. In terms of the token utility, it hasn’t changed. But we did change the way we present it to the world now… and based on first feedback, people love it!
Read more about it here https://medium.com/cloutdotart/no-more-props-fac5fe82eca
Q3) Is it necessary that every creator must establish a creator pool in order to participate in the economic model and mint NFTs in Clout.art? How can I participate in the Round 1 airdrop?
Those are two questions. So 1) yes, you will have a creator pool, but don’t have to establish it, with the version 2.0 it will automatically be created for you. Minting fees and everyhitng else will be done in the back so you don’t have to worry — but if you’re a savvy users you’ll be able to use XPORTAL to manage your pool and stake with other people’s pools.
2) Round 1 airdrop starts with registerting at https://forms.gle/pMehXXFsHAaoMNuV7
Then look for our email. When we launch, we will start inviting users to the platform.
When you get in, all yu have to do is mint one of your IG posts into an NFTS. The better the NFT score, the more SWAY you get.
Q4) I saw on your Twitter that you holding an airdrop event which is already reached more than 20K retweet. I think I have no more chance to win if participate on these event. Well, when then next airdrop event will be held? And what is the requirement for participate?
Well, basically anyone can participate and get a chance to win up to $1000 now. Only thing you need to do is mint a really good post and be there when the platforms is launched. We allocated 3% of token supply for the first round, but we have a feeling that will go out really fast.
In terms of next airdrops, we still work on the mechanics of the. But it is very likely they will be for people actively using our platform. Just like UniSwap airdropped to all the wallets that used UniSwap.
But we’ll see when that time comes.
Q5) Much of the recent talk and hype about NFTs has focused on digital art or licensed collectibles, where pure scarcity is the main selling point. But what do you personally see as some of the other most attractive applications and use cases for NFT technology?
That’s a good one! I think it’s all moving towards utility with NFTs. The moment they become more than collectibles I think they will start taking over the world. But long-term I’m really excited about in-game applications and real-estate. I think these two markets with get seriously disrupted with NFTs.
Q6) Partnership is always an important factor for every project . So who is your partner? What are the benefits you get from those relationships?
Let’s start with this.
Our partners haven’t all been announced yet, but in terms of partners we’re working with Lepricon, Block42, Proxima solutions… this week we will also announce one of the exchanges as a parntner as well (and no, it’s not a token exchange, but a fully regulated entity from UK).
Next week, as menioned we also announce the partner that will help us maintain the carbon neutrality.
Q7) I was very interested in the valuation mechanism called score, can you tell us how it works and how you can determine the price of an NFT?
So the clout.art score will never “recommend” a price. The score is basically an index that takes all the available social media post data and turns it into a single digit that can instantly tell you how valuable it is.
However it does not determine the price. We let the markets do that — that’s the right way to do it.
Q8) Do you have any Coin Burn / BuyBack systems or any Token Burn plans to increase the value of the token and attract investors to invest?
No, no need for burning coins if you can stake them. The whole idea around creator pools is in provding a LP-like pool where users/fans can stake their $SWAY and earn rewards based on the performance of the creator.
The earlier you get in, the better rewards you receive. So we anticipate a lot of early fans jumping on board and claimimng the creator pools for some of the biggest influencer accounts around the world.
Q9) Where can I buy your tokens now, what are your current contracts and how can I buy them and what are the benefits?
This is an important question so nobody get scammed.
WE DID NOT LAUNCH THE TOKEN YET, TGE IN SEPTEMBER!
You can’t buy the token yet and no contract is active yet, but we do have an ongoing private sale, to which you can register through our website.
Q10) Could you tell me a little bit about Your roadmap going forward, How do you plan onboarding users and gaining more adoption for Your project?
This is a good question to wrap it up.
So next on our roadmap is a lot of partnership announcments and also the public beta version release.
In Sept we plan to launch the Sway Protocol and fully implement it with Clout.art — that’s where we believe this will take off by a magnitude of a 100!
Also in Sept the TGE is due… so a lot of exciting things to look forward to in the next couple months.
Stay tuned to not miss anything.
And this was the end of our AMA with Clout.art.
If you have any other questions you can ask here:
ℹ️ℹ️ Useful links ℹ️ℹ️
Website :- http://clout.art/
Medium :- https://medium.com/cloutdotart
Twitter :- https://twitter.com/cloutdotart
Instagram :- https://www.instagram.com/cloutdotart/