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Creators across the globe are facing challenges regarding monetization of their content. This may lead to a decline in the global creator economy. Today, several creators get confused regarding which platform to choose or how they can generate a favorable revenue stream through their work. Fantrie, a fan-creator platform, is a right place for content creators with a follower base.
What is Fantrie?
The project is focused on supportive acts from fans to boost creators’ creative potential. If no one is there to see the art, why does it matter? Fantrie becomes a bridge between fans and creators’ work. The initiative is using blockchain technology to expand into the Web3 sector.
What is Fautor (FTR)?
Fautor (FTR) is the native token powering the Fantrie ecosystem. Out of nearly 400K token holders, 300,000 are Fantrie users, the project re-issued token via ERC-20 token standard from KIP 7. The project has more than 1,000 creators and 700,000 registered subscribers. Moreover, over 10,000 users have acquired limited edition non-fungible tokens (NFTs) associated with the content.
The asset is an ERC-20 token with a total supply of 2.5 Billion. Additionally, there are over 40K Fantrie Pebble NFTs on the platform and are minting rapidly. FTR token enables the users to partake in the ecosystem’s governance. The cryptocurrency also lets the users buy TRIE, a token to see content on Fantrie, in bulk.
What Are Pebbles?
Pebbles are the content pieces minted in the form of non-fungible tokens. People need to pay to access the content in it. Creators are in control of how much and for how long the content is available for the users to acquire it. This eliminates piracy and enables the creator to get full value for making it available to others.
Fantrie is yet to release the NFT marketplace which is expected to launch by the third quarter this year.
What Benefits Do The Loyal Users Get?
For the users who are on the platform for long enough, have purchased NFTs and are familiar with it, the project offers a few services. Fantrie provides them with a secondary NFT marketplace where they can buy, sell and trade their NFTs using FTR token.
Should You Choose Fantrie as a Creator Platform?
Today, content creators have a hard time monetizing their content. The platform cannot become an obstacle to the core entertainment industry mechanism and they cannot force the users into using the blockchain technology. As the technology is new for many, it may be hard to understand for them and creators fear losing their fans while motivating them to engage in something new.
This is why the team came up with the idea of integrating NFTs on the platform. Currently, nearly 100 NFTs are minted on the network daily and the number is rising everyday. Apart from creators, the platform enables fans to manage their purchases.
Conclusion
All and all, Fantrie is a great platform for artists to monetize their content. However, considering it runs on blockchain technology, a lot of fans may choose to stay aloof. Moreover, for the creators exploring the Web3 sector, the platform is worth giving a try.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
