Introduction
Last updated
Last updated
The NFT market is growing at exponential rates. The total value of all NFT transactions reached $17 billion in 2021, compared to $82.5 million in 2020. It is a mind-blowing 21.350% growth per year. However, the marketplaces handling such a growth struggle to adapt to the changes and growing consumers’ needs.
Socialogue's team conducted deep research on the current NFT market and discovered 7 significant flaws. The lack of social integration into marketplaces was the most evident, leaving creators struggling to build a bond with their community. It often results in legit artists and NFT collections failing to sell out and collectors missing out on promising projects. Moreover, existing practices show that using multiple platforms to promote, communicate, and sell often leads to safety and security issues. Socialogue takes a customer-centric approach to handle these and other industry flaws.
This whitepaper explains all the features and perks that separate Socialogue from the competition. The following paragraphs represent the primary market issues and Socialogue's solutions. The whitepaper defines the 4 core business verticals that the platform combines, the functions Socialogue implements to be an actual Web 3.0 project and the role of the $SLG token in fulfilling them. As important as the previous subjects, Metaverse and the course of Socialogue's virtual world are also explained in detail. Finally, the whitepaper describes the paths Socialogue is taking to grow the platform and monetize it and details the future plans the team is already working on.