Alt.town is a SocialFi platform that allows trading DNA - digital assets representing the value of Youtubers, Virtual Influencers, and Virtual Idols on the Blockchain.
This platform is built on the BNB Chain, leveraging Web3 to redistribute value from Web2 platforms to the community, enabling Fans to not only follow but also participate in owning and developing the Creator's IP.
MAIN CONTENT
Alt.town tokenizes Creator value into DNA, with transparent trading on the BNB Chain.
The platform expands the IP of Youtubers and Influencers, allowing Fans to co-own and co-create.
DNA grows through new content, community participation, and a value-sharing mechanism.
What is Alt.town?
Alt.town is a SocialFi platform focused on tokenizing virtual characters and Creators, allowing users to trade DNA as a form of digital asset on the Blockchain.
The project is developed on the BNB Chain, participating in Binance's MVB 8 program, aiming to transform creative value from Web2 into a more transparent Web3 model, where Fans can participate in the ecosystem instead of just consuming content.
How does Alt.town work?
The platform operates based on the mechanism of issuing DNA from Creators, Onchain trading, and community participation to increase value for both Creators and Fans.
The steps include: issuing DNA on the BNB Chain, connecting wallets for transactions, processing buy-sell orders through a decentralized order book, while also expanding IP through co-created secondary content by Fans. The value of DNA increases with engagement and new products from the Creator.
"The power of SocialFi lies not just in trading assets, but in the ability to turn Fans into co-owners, accompanying Creators through all stages of development."
Changpeng Zhao (CZ), former CEO of Binance, shares about the potential of SocialFi, 2023
What is DNA in Alt.town?
DNA is a token representing the value of Creators on Alt.town, allowing Fans to buy, sell, hold, and participate in the development of content and community.
Each Creator can issue their own DNA, and the value of DNA fluctuates based on market supply and demand, trading volume, and the Creator's influence. The top 5 DNAs can account for over 50% of total daily trading volume, demonstrating the strong appeal of certain characters.
What are the standout features of Alt.town?
Alt.town stands out with Onchain DNA trading, tokenizing Creator IP, and expanding content on Blockchain, creating more transparency and fair distribution.
Features include: transparent trading through a decentralized order book, Fans participating in IP ownership, and a model that expands Youtuber content globally. This is a differentiator compared to Web2 platforms that only focus on views or advertising.
"The IP tokenization model of Alt.town allows Creators and Fans to benefit together, rather than revenue being monopolized by traditional platforms."
SocialFi Landscape Report, Messari, 2024
How to trade DNA on Alt.town?
Users connect Web3 wallets like Binance Wallet via WalletConnect to participate in DNA trading, through Pre-sale or directly on the Onchain Orderbook.
The price of DNA is determined by real supply and demand, airdrop events, and rewards that create additional incentives. For example, UPI's DNA once accounted for over 54.37% of the total 24-hour volume, indicating high community interest.
What is the role of the community in Alt.town?
The Fan community not only holds DNA but also participates in operational decisions, develops secondary content, and even influences the Creator's development strategy.
This mechanism allows Fans to become co-owners and co-creators, distinctly different from the Web2 model. Those holding more DNA have the chance to receive special rewards like Limited-edition Merch, private events, or voting rights.
"When Fans have a voice in IP development, the relationship between Creators and the community becomes stronger and richer in value."
Chris Dixon, General Partner at a16z, speaks about the Web3 Creator Economy, 2022
What value does Alt.town bring to Creators and Fans?
This platform provides a fairer value-sharing experience: Creators earn revenue from issuing DNA, while Fans benefit from growth and co-creation opportunities.
This contributes to changing how the Creator industry operates, from a centralized model to a decentralized one, where both sides grow together. This model has been likened by many researchers to the "sharing economy" of the digital content industry.
What is Alt.town's official information channel?
Users can follow and update project information through the channels:
Website: https://www.alt.town/
X (Twitter): https://x.com/AlttownOfficial
Discord: https://discord.com/invite/alttown
Medium: https://medium.com/alttown
Frequently Asked Questions
Is Alt.town a Binance project?
No, Alt.town is an independent project but participates in Binance's MVB 8 program on the BNB Chain.
Where can DNA be traded?
DNA is traded directly on Alt.town's Onchain Orderbook through Web3 wallets like Binance Wallet.
What can Fans do with DNA?
Fans can buy, sell, hold DNA, vote, receive rewards, and co-create content with Creators.
How do Creators benefit from Alt.town?
Creators can raise funds from the community, expand IP, and maintain strong relationships with Fans.
How does Alt.town differ from Web2 platforms?
Unlike Web2, which focuses on views and advertising, Alt.town shares value and benefits for both Creators and Fans.
Source: https://tintucbitcoin.com/alt-town-la-gi/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news in the cryptocurrency market and not miss any important information!
