WeWay’s Success Story: How the NFT Media Platform Managed to Secure $3mil in Funding
WeWay is a new kid on the block: a media platform for direct interaction between influencers and their fans.
The innovative nature of WeWay has not gone unnoticed. The platform has recently partnered with a famous tech incubator BlueZilla, which previously endorsed the record breaking projects such as BSCPad, Tronpad, ETHPad, KCCPad, NFTLaunch, ADAPad, VelasPad, and GameZone.
BlueZilla, a well-known tech incubator, specializes in helping projects through their entire journey; idea incubation, marketing preparation, and launch. With their support, and the knowledge that currently the global blockchain market is valued at around $3 Billion with it set to rise to nearly $40 Billion by 2025, WeWay managed to quickly secure an impressive amount of financing. This included $3M of investment funding on top of $800k through the IDO. So far, 6753 participants have joined the project.
This was followed by a launch of the WeWay-native token, $WWY, on the most popular DEX exchanges: PancakeSwap, WagyuSwap, UniSwap, and more. For current information about prices, click here.
What is WeWay’s value proposition? Imagine you’re an online creator. Monetising your work may seem tricky. In the real world, the money that fans pay for your music tours, say, are exchanged for tangible, physical experiences. How about intangible experiences? How do we monetise those?
To answer this question, one needs to understand the underlying mechanisms that drive the fan-creator process at present. The content creation market is currently a virtually monopolistic landscape dominated by big platforms such as Instagram, Facebook, YouTube, Twitter, and Snapchat. This is suboptimal. Why? Fans are looking for direct, personalised experiences. What Blockchain technology can do over the next several years is to help creators remove brands, ad agencies, and centralized platforms from the chain of creation and distribution, focusing solely on building communities of audiences who adhere to and share their views.
WeWay has it all figured out. As the go-to destination for creators and fans, WeWay is a thought from the ground up as a platform for engagement between influencers and fans. Fans can actively participate in filming videos, recording clips, and songs via Zoom and other VoIP services, even doing contests and events of all sorts. As an example, content creators and fans in the gaming space can benefit greatly from the platform’s solutions. They can invite fans to play their favourite game together, train with them and access exclusive gaming content.
“The WeWay platform is the next major step in the development of the new decentralized Creator Economy, in which technology actually serves the purpose of improving the quality of people’s lives.”
WeWay also offers a special NFT marketplace to its users. What can be bought can be divided into three groups. First, images: autographed photos, quotes, memes, signed lyrics. Second, video: non-uploaded rare videos, failures from everyday life, backstage funny moments. Third, audio: audio narration of real-life stories, instrumental versions of tracks, real-life recorded songs.
As Fuad Fatulaev, CEO and co-founder of WeWay, stated:
“The content creator economy needs to take advantage of what blockchain technology can offer. For that, the WeWay token is the perfect tool for the influencers and the fan community to come together. The same goes for NFTs, a decentralized marketplace model that certifies the authenticity of digital collectibles. For creators, this model will give them autonomy and certification of their digital content, hence making it much easier to generate income. Creators and fans will be able to use the WeWay token, the first cryptocurrency for influencers, to pay for all the experiences and content on the platform.”
What makes WeWay different from other platforms of a similar nature, such as Patreon and OnlyFans, for instance? Its commitment to the concept of the Metaverse. The platform is creating a Metaverse space – the WeWay City, which is meant to be filled with “content and experiences” created by its users, both individuals and organisations. The WeWay City will be like a digital twin of our already social media usage-heavy lives. As the company envisages:
“The Metaverse will open up new networking opportunities for all parties. Young talent will know where to look for support, and experienced agents will know where to look for young talents.”
WeWay’s innovative value proposition has the potential of making it the new Facebook of virtual content. Its financing success suggests that people actually value and aim to use the platform. The Metaverse is coming. Join it if you only want to, with WeWay.
