Digital assets are becoming popular now. Artists and creators can launch their own collections, showcase them to the entire world by organizing auctions, and receive bids from investors. Likewise, are you an aspiring entrepreneur to get more acclaim in the metaverse? Start NFT launchpad development now.
What is the role of a Launchpad Development Company?
- Performing artists, celebrities, and influencers across the globe can list their unique tokens on a digital marketplace. Later, they can conduct an auction and share the sale details. Fans and followers will receive real-time updates. Later, they can buy the tokens after seeing the price and availability.
- Community building is the key aspect of an NFT Launchpad. Popular personalities across the globe can increase their count of active subscribers and followers. They will witness a rise in fame. Moreover, creators can interact directly with their admirers. They can conduct TED talks, Ask Me Anything (AMA) sessions, chat live with their fans, and also sell personalized merchandise.
- Is fundraising possible? Yes. Talented artists can get more revenue by organizing crowdfunding campaigns. They can encourage their die-hard fans to contribute an amount. Content creators can link their digital wallets and withdraw the funds. Besides that, they can use the money for conducting concerts and live shows and selling tickets and merchandise.
What are the different types of fundraising options?
Initial Coin Offering (ICO) – Funds can be easily raised by creators. They can name their own token, list a time for dropping it, and circulate information about the same. Importantly, artists can ensure credibility by uploading a whitepaper. It includes comprehensive information about the objectives, the number of tokens to be offered to fans and followers, and the time when it will be launched.
Besides that, artists get a lot of advantages like freedom from the control of regulatory authorities, real-time tracking of campaigns, and access to popular venture capitalists (VCs) and institutional investors. Besides that, depending on the demand from their fans, the value of the tokens will appreciate.
Initial Decentralized Exchange Offerings (IDO) – Artists can list tokens in a quick time by listing them on a Decentralized Exchange (DEX). They will get benefits like more liquidity, instant execution of peer-to-peer (P2P) payments, and a customized dashboard for keeping track of the fundraising campaigns.
Moreover, creators can offer Decentralized Finance (DeFi) incentives to investors. Fans can use options like prediction markets, derivatives trading, staking, yield farming, and liquidity mining.
Initial Exchange Offering (IEO) – Artists will list tokens on a popular cryptocurrency exchange. This is a viable alternative to implementing crowdfunding campaigns. Generally, creators can sell digital assets in advance by fixing a date and time. Moreover, credibility is high if the reputation of the crypto trading platform is popular.
Besides that, creators will save a lot of time in organizing the token sale event. The digital asset exchange would ensure that activities like Know Your Customer (KYC) verification and Anti-Money Laundering (AML) are conducted beforehand.
This protects the rights of investors since they can securely buy tokens. Further, they can verify the authenticity of the project by checking the background of the team members, website and social media account details.
Moreover, crypto exchanges will take responsibility for managing smart contracts. This ensures secure inflow and outflow of funds based on predefined terms and conditions.
Initial Liquidity Offerings (ILOs) – Unquestionably, projects need abundant capital to survive in the long run. Importantly, artists can convert crypto tokens into cash and vice-versa quickly. This is because of liquidity.
For example, content creators can launch their crypto tokens on a prominent trading platform. Importantly, performing artists must choose an avenue that works across different blockchains and Decentralized Applications (DApps).
This increases their chances of raising funds. They can manage their crowdfunding campaign from a single Decentralized Application (DApps). Moreover, creators need not surrender their assets to anyone. This is because an ILO operates in a non-custodial manner.
Thus, this ensures complete freedom from government authorities and regulatory bodies. Artists can also offer options like swapping, distribution of free tokens, and trading across numerous blockchains.
Initial NFT Offerings (INOs) – Crowdfunding is becoming innovative with every passing day. Artists can sell limited-edition NFTs to their vast community. Creators across genres can finalize a date and time for releasing their collections and merchandise.
Subsequently, fans will be alerted of the launches beforehand. Artists can conduct contests and competitions and choose their best fans. Moreover, these deserving admirers will get exclusive access to branded merchandise and unique tokens. On one hand, NFTs are coming out in huge numbers. Similarly, fans can get hold of one-of-the-kind collectibles.
Moreover, content creators can share promising ideas, get their tokens listed on a Decentralized Exchange (DEX), and receive abundant rewards. Eventually, the entry time and risks are minimized. Thus, artists can build a strong community where investors across age groups will contribute funds immensely. They can also offer social tokens, engage better with their fans, and receive more organic reach.
Security Token Offerings (STOs) – Artists can issue their own tokens on a permission less blockchain network. Their fans will purchase it and get access to real-world assets. Thus, they will receive stakes in assets like fashion accessories, government bonds, stocks, gold, and real estate.
Importantly, creators have 3 choices while issuing tokens. They can opt for equity, debt, as well as asset-backed tokens. Thus, fans will receive access to shares, properties, and bonds, etc. Moreover, they can also buy tangible and intangible assets like carbon credits, gold, silver, and luxurious products.
As times change, aspiring entrepreneurs need to be updated about the latest fundraising options. Do you want to use the full potential of Web 3.0? Commence NFT launchpad development by contacting a white-label creation enterprise soon.