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Reimagining Writing NFT ｜LikeCoin Update
LikeCoin update. 2022.06.17
🔎In Focus: Embedding NFT Marketplace in Creative Works
NFT greatly contributes to the blockchain industry. Not only does it provide creators with bonuses of the era, but also fosters distributed technology.
The abbreviation “NFT” is associated with many concepts, including ownership, uniqueness, content value, community, stakeholder economy, co-creation, identity, etc. Many people, undeniably, are concerned about its price speculation more than anything else, but it is somehow an inevitable stage for all new industries. We believe that the possibilities of NFT are yet to revealed.
NFT Tailor-made for Content
Besides its ability to monetize content, NFT also helps define a consensual format of “the unique item” in the metaverse. NFT can be any “the only” digital information, whether an email, an image, or an identity of a book. With the public imagination of the meaning of NFT, the economic modeling of every vertical industry can be redefined.
LikeCoin has always been focusing on decentralized publishing. The forthcoming NFT release is designed for the need for text-based content creation. Similar to the workflow of traditional publishing, i.e., securing content authorship -> printing the content in books -> selling in xxx, creators can now register the content on the LikeCoin chain, mint an NFT of it, and then sell it in NFT marketplaces. Compared with the constraints in physical publishing, publishing content and exchanging value in the metaverse can be more flexible and everlasting.
Simplifying Publishing, Purchase in Just One Click
The team is working hard on the first LikeCoin NFT application: Embedding NFT marketplace into your creative works.
By clicking the LikeCoin button, the Keplr wallet will be popped out and readers can collect the content as an NFT.
Creators don’t need to upload their works on NFT marketplaces such as Opensea or complete the complicated registration and information entry processes for every piece of their work.
The NFT price will vary depending on the market demand. Neither do the sellers or buyers need to worry about the price setting.
depub.space Supports Post on Twitter
The new function of “Post on Twitter” enables tweets on depub.space to be shared on Twitter simultaneously. Give it a try!
Also, depub.space is planning to create a social network among users using LikeCoin NFT functions. LikeCoin NFT as the basic technical standard will derive many more applications. Looking forward to the multiverse of LikeCoin NFT!
Auto-compounding with REStake
After the upgrade of LikeCoin chain LaiChiKok, validators OldCat, Liker.Social, Coding Everyday, Yoitsu and narro.j support the REStake app which enables auto-compound of rewards. If you are delegators, simply activate the service on https://restake.app/likecoin, and enjoy the auto-compound staking rewards. The validators will pay the transaction fees for you.
Civic Liker: 1👏 = 1 LIKE
In response to the community suggestion, the Civic Liker reward scheme will be changed as follows:
Every clap by Civic Liker will be equivalent to 1 LikeCoin.
The staking reward derived by the Civic Liker delegation every day will be distributed to creators according to the 1 clap=1 LIKE principle until the balance is used up.
The distribution logic of the Creators Fund will remain unchanged.
LikeCoin DAO Updates
community-delegation-committee: A total of 100 million LIKE has been delegated to 14 validators participating in the LikeCoin chain upgrade incentive program. Each node can enjoy a delegation of 7,142,857 LIKE.
POSTHUMAN ∞ DVS Airdrop
Validator POSTHUMAN ∞ DVS will soon launch their own $PHMN token and will hold an airdrop. If you have delegated to this node on the LikeCoin chain, check if you’re eligible for the airdrop awards! You can find more details here.
📰 Media Coverage
Phoebe is interviewed by startup columnist Wan Sze-zit and introduces how the LikeCoin WordPress plugin can link Web3 with WordPress and help users publish on the blockchain.