Deep Tide TechFlow News, on August 13, the world's first AI UGC and fan economy ecological community focused on the entertainment sector, MEET48, announced plans to permanently destroy 23,472,000 IDOL tokens, approximately 0.489% of the total supply and 2.6% of the circulating supply of IDOL tokens. This IDOL destruction aims to reduce the overall supply, enhance token value, and further consolidate the community strength of MEET48.
Previously, MEET48 held the first WEB3.0 Global Idol Annual Popularity Grand Finals (The 1st Web3.0 All-Community Annual Idol Popularity Audition & Ceremony, WIPA) in Hong Kong, partnering with China's major youth girl group SNH48 GROUP to introduce blockchain mechanisms into the idol selection system for the first time, accumulating over 78 million IDOL tokens, accounting for 1.63% of the total supply of IDOL, setting another historical record in Web3. As an innovative pioneer in the Web3 entertainment industry, MEET48 is reshaping the global idol industry and fan economy through blockchain and AI.
