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According to CoinGecko, the NFT sector is in the Top 10 categories with the highest marketcap. More than dozens of NFT initiatives explore collectibles, integrations with metaverses, and games, among others.
However, no platform bridges the gap between content creators and their audience with a social media platform-style like YouClout. Therefore, in this article, you will discover its latest features and why Polygon is its latest partner.
What is YouClout?
YouClout is a decentralized, community-governed NFT marketplace styled similarly to popular video sharing platform TikTok. The platform brings together content creators and their community members.
YouClout is the bridge that connects creators & their communities in the #CloutVerse.
YouClout will allow influencers to tokenize their creations as Y- tokens and users will gain membership by buying these Tokens from the platform. pic.twitter.com/3cMiHP0VhI— YouClout – NFT Tik Tok (@NftTik) November 1, 2021
An essential feature of YouClout is that it helps creators tokenize their content and make it available to interested community members. Also, the NFT marketplace is compatible with web-browsing mobile phones and computers.
On the other hand, several interesting updates like strategic partnerships and marketplace launch has recently taken place on the YouClout platform. Take a look at them:
1. YouClout Set to go Live on Polygon
The TikTok-style NFT marketplace has revealed plans to launch on blockchain platform Polygon. The partnership will provide its users with better, faster, cost-efficient, and more secure transactions. Therefore facilitating easy usage and hence more adoption for the platform.
🎙 @NftTik is coming to @0xPolygon
🤩 #YouClout, the Community-driven TikTok-style NFT Marketplace. integrates with Polygon. By using Polygon, YouClout will enable faster & economical transactions on the #Cloutverse for users.
🌐 Learn More: https://t.co/2bDRuUZy8N pic.twitter.com/TNyz6eQ998
— Polygon Ecosystem Updates | $MATIC: We're hiring! (@0xPolygonToday) November 13, 2021
2. Compound Staking Launch
Also, community members now have the opportunity to earn rewards on its TikTok Style NFT marketplace. According to an official tweet, YouClout native tokens, $YCT, can now be pre-staked for reward on AscendEX global. However, stakers will have to stake a minimum of 1,000 $YCT tokens to receive them with a 220% APR.
3. NFT Marketplace Launch
The TikTok-style platform recently launched its NFT marketplace. The marketplace is a significant milestone for the entire ecosystem, which will help content creators tokenize their content. Also, it will provide a marketplace for selling these tokenized assets and monetizing them.
🎉 @NftTik NFT Marketplace is now LIVE!
🎆 #NFTtik bridge the gap between influencers & their community, allowing them to tokenize their creations, providing a marketplace to bring together sellers & buyers.
🔽INFOhttps://t.co/VVrpg1SH0N#SNN1 #NFT pic.twitter.com/Bie7ostrpO
— 🎆 Smart_NFT_News 🎆 (@Smart_NFT_News) November 22, 2021
YouClout Products
Some of the proposed products of the TikTok-Style marketplace include:
- NFT marketplace.
- VIP lounge.
- Influencer Badges.
- Decentralized minting and selling features of $YCT tokens.
Finally, we look forward to the launch of the App store and other multichain development soon.
$YCT Price
Finally, when writing this article, $YCT was trading at $0.07 with a 24-hour trading volume of USD 1.1 million. The token price is also down by 11.9% in the last 24 hours.