2 years ago
On this week’s occurrence of NFT Steez, co-hosts Alyssa Expósito and Ray Salmond proceed their chat with Justin and J.P. Alanis, the co-founders of StoryCo — an unfastened media level — connected the imaginable of a assemblage of creators franchising intelligence spot (IP) done collaboration and soulbound tokens.
Speaking connected his acquisition with instrumentalist Tyler the Creator, J.P. Alanis said that contented instauration is not constricted to 1 peculiar creator, but should beryllium unfastened to each types, including fans.
However, contempt the symbiotic quality betwixt fans and creators, determination are inactive barriers to incentivizing the creators and navigating the bureaucratic quality of centralized institutions to propulsion these creations. Here's however StoryCo said it intends to mitigate the noise.
StoryCo is simply a planetary originative marketplace
When asked whether StoryCo is akin to pay-to-hire platforms similar Fiverr and Upwork, Justin acknowledged the comparisons, saying that StoryCo mightiness person network-type components akin to these “hire-for-work” platforms. He described it arsenic a “creative marketplace that leverages existing originative talent.”
Justin explained that StoryCo yet aims to beryllium an open, permissionless level wherever immoderate idiosyncratic tin “jump connected in,” explore, create, and perchance franchise IP with a communicative oregon portion of contented they “vibe” with.
“You should beryllium capable to lend worth successful antithetic ways,” said Justin. According to the founders, worth is created done aggregate avenues, specified arsenic user-generated contented contribution, communicative oregon backing proposals, completing an activation, oregon adjacent viewing a story.
The champion part? It aims to marque the introduction constituent to these stories much accessible, seeking to destruct elements of gatekeeping successful these proprietary environments. The StoryPass is simply a escaped NFT that gives StoryCo insights connected the community’s “nucleus,” explained J.P.
Integrating soulbound tokens successful storytelling
Soulbound tokens are “non-transferable nonfungible tokens” that tin beryllium utilized to authenticate and verify someone’s identity, actions oregon achievements successful Web3. StoryCo intends to integrate soulbound tokens to widen the accessibility to collaborate and statesman creating IP.
StoryCo’s soulbound token integration is intimately tied to its archetypal assemblage story, The Disco Ball. The StoryPass is simply a dynamic soulbound token that tracks members’ information and depletion of the evolving story.
Related: Comic-Con guru says storytelling is the cardinal constituent for palmy NFT projects
After users unlock achievements with their StoryPass, whether via consuming oregon contributing, their StoryPass is altered to bespeak that. The underlying worth of the integration is that it allows StoryCo to larn what incentivizes its assemblage better.
Justin explained that StoryCo aims to go a nationalist good, which means it would beryllium owned by the “community of radical contributing worth to the platform.” Fifty percent of The Disco Ball’s nett proceeds volition beryllium allocated to a shared treasury whereby the assemblage volition statesman to suggest and ballot connected the platform’s evolution, akin to the Nouns DAO Proposal House.
“This caller exertion is simply a caller paradigm,” J.P. said regarding integer instauration and the information revolution. He explained that conscionable arsenic the “internet was a caller paradigm, Web3 is simply a caller paradigm that unlocks the quality for radical to contribute.”
Be definite to perceive to Part 2 of NFT Steez’s conversation with StoryCo’s founders connected the caller Cointelegraph Podcasts page oregon Spotify, Apple Podcasts, Google Podcasts, oregon TuneIn.
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