.@Chiliz continues to prove out the brand loyalty token model with cumulative Chiliz fan token volume crossing $40 billion.
Connecting with large brands to create better fan engagement and loyalty will be most successful for the largest brands hence PSG and Man City's success over the past several months.
Man City token launch in May and immediately led in volumes.
Chiliz also continues to push into new markets, entering into deals across the NBA, Racing, and NFL. I'm interested to see how they integrate with U.S users (likely through NFTs) given that Chiliz exchange doesn't currently support U.S users.
The fully diluted valuation of some of Chiliz's fan tokens still seems like a potential issue in the future, however, I'm curious to see how fan token holders price the experience value they receive from holding tokens.
Ultimately loyalty-type tokens that provide perks can likely be multi-billion dollar business lines depending on the value they provide.
For example, airline miles and hotel rewards points possess clear monetary value based on the redeemable services.
Tokenizing brand loyalty points and using a permissioned exchange like Chilliz and taking a fee on transactions seems like an interesting monetization idea for companies that will be able to issue tokens (miles/points) for capital and benefit of the secondary speculative market.
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As parachains auction take off, expect many protocols to be looking to the various funds that have invested in DOT and can therefore influence which projects receive early slots.
Of the top 50 assets held by funds, 32% are smart contract platforms while 16% are decentralized exchanges.
Surprisingly, @BreederDodo is the most commonly owned DEX.
With the launch of the ENS token, Ethereum Name Service has moved onto its next phase.
A Quick Primer on ENS 👇🏻
At the most basic level, ENS functions as a naming protocol that maps human-readable names to domain addresses.
Recently, ENS integrated with DNS and can now map DNS domains (.com, .cash, etc.) to a crypto address capable of receiving a variety of assets (ETH, BTC, etc).
Important Note: ENS aims to integrate with our existing DNS (Domain Name System).
ENS’ decision to integrate into DNS is a strategic decision by the founding team with the intention of building a protocol and registrar that the legacy world will be able to adopt.
.@Quora is launching a new subscription model called Quora+ where Quora writers will have the opportunity to earn revenue from their answers to questions.
How it works.
Writers can opt into Quora+ (paywall content) and earn:
1) When writers followers who are Quora+ subscribers view their paywalled content.
2)A referral bonus for new paying subscribers who sign up for Quora+ by clicking through from their paywalled content.
Content platforms are realizing that they need to reward the contributors who make their platforms valuable.
Medium already lets writers earn, but not enough compared to the revenue they generate. Maybe Quora's model will be different, maybe not. Time will tell.
The NFT marketplace landscape is heating up with Coinbase and FTX announcing NFT platforms and trading.
Centralized exchanges in general will have some key advantages and some disadvantages as they seek to become dominant NFT exchange venues.
1/
Competitive advantages for Coinbase / FTX offering NFTs: 1. Custody for normies 2. High-value NFT Custody – Coinbase stores assets, but people can still bid on your NFT 3. Brand & distribution/audience 4. Partnerships – obtain IP rights
Potential Disadvantages: 1. Regulation - many NFTs will resemble securities 2. Asset breadth & speed - Coinbase has to integrate a lot of assets and might take more time to add assets 3. Integrations – more permissionless marketplaces will likely integrate faster over time