Solutions

Introducing Social Aspects Into NFT Trading

Many talented creators and curious collectors are missing the opportunity to collaborate because of no social integration in the NFT marketplaces. The integration of social platforms functionalities into Socialogue allows users to follow other community members, like their posts, express opinions or excitement in the comments, send a direct message and, in this way, get in direct contact.

Multi-Chain NFT Marketplace

NFT marketplaces face the same limitations as the blockchain they are built on. Socialogue, integrating multiple networks into its NFT marketplace, removes these limitations and allows users to choose between the blockchains. All the NFTs can be minted on the preferred blockchain without migrating through different marketplaces. Socialogue runs on Ethereum by default and is in the works to integrate Solana, Polygon, Algorand, BNB, and Tezos. Even more to come soon.

Strict Verification Process

To ensure the safety and security of its community, Socialogue implements a strict verification process. It prevents platform users from buying into fraudulent projects and purchasing replicated NFTs. Socialogue assures its users that every artist and seller has undergone a strict verification process by confirming all the details necessary, including their identity and the validity of their art. It drives the possibility to fall into the fraudulent project to a minimum.

Financial Incentives For Users

Social media platforms have limited opportunities for their users to monetize their activity. NFT marketplaces offer none. Socialogue comes as a game-changer by giving users options to monetize the time spent on the platform. Users can send and receive tips in $SLG tokens for quality content or as a sign of support. Moreover, through their posts, members of Socialogue can promote the projects they like and believe in. The user gets a commission if the desired action, like a purchase or adding to favorites, happens via a promoted post.

Metaverse At Its Fullest

The Metaverse is an early but quickly evolving technology. It is impossible to create a solution that fits every user and their personal needs. The Socialogue team made an important decision by niching down its Metaverse. The goal is to make a change in the world of art by bringing this $50 billion industry into the Metaverse. Socialogue will serve as a virtual world of art galleries. Combining the features of social media, NFT marketplace, and Metaverse, Socialogue is on the verge of becoming a one-stop solution for virtual art and charity exhibitions, auctions, conferences, musical and motivational events.

Socialogue Layer 2

To address the high gas fees of Ethereum, the Socialogue team came up with a solution - developing Socialogue Layer 2. It is a network working above the leading Ethereum network. It results in much higher TPS and no upfront fees to create or trade NFTs. The size of the gas fees fluctuates depending on the network demand. With Layer 2, users can transfer their NFTs to Layer 1 at a preferred time when the gas fees are lowest.

Licenses Of NFTs

Socialogue addresses the unutilized use of NFTs by implementing the possibility buy licenses for them. It comes in handy when the price of NFT is high, and the users can not afford it or want to use the NFT without owning it. Instead of buying, users can purchase licenses and use them for private or commercial purposes with no resale rights. This feature creates new income and monetization opportunities for the artists and those holding NFTs.