Who are we?
We are DefyDefi a crypto project for NFT fund raising
What do you need from me?
If you are a social media influencer, we are looking to collaborate in the creation of NFTs under your name.
Why not just create it without my consent?
Our mission is to create rare NFTs with historical value. It is important for our NFTs to be acknowledged and authenticated by the influencer it will originate from.
I’m just an influencer, I do not know how to create graphic designs
Don’t worry about this, we will take care of the graphic design part. We have several highly skilled graphic artists you can choose from that can conceptualise an art for your personal brand.
I do not know how to create NFTs
We got this covered as well. Our team will handle all the technical side of minting and proper documentation of the NFT art.
How many NFTs are we going to create?
We mint 100 pieces of that one unique NFT design we just created.
What happens after we create NFTs?
We will give it away to our Defy token holders by selling it for a $1 each through a lottery system.
So what do I get in this partnership?
- You get a new fanbase that are crypto investors
- NFTs inherently have perpetual royalties.
- NFTs increase in price the more people trade them, hence your royalty share increases as well.
Why would the Defy community trade my NFTs? Some don’t know me at all
- Once we onboard you as our next NFT influencer, you would be broadcasted across all Defy social media groups announcing your upcoming $1 NFT lottery.
- It would be expected from you to market our partnership as well to create buzz within your group and the Defy group.
- Since it is only $1 people would love to line-up and join the lottery due to the massive potential upside vs the $1 cost.
- Assuming we’ve created a huge demand and sold out the NFT, there’ll be a ripple effect of more people looking for your NFT in the community which would create a supply and demand scenario and gradually increase the price.
- Whenever they trade your NFT, part of your royalty is shared back to the community which creates a positive feedback loop of buying your NFT and investing more in our Defy tokens.
What is the royalty model?
10% is the standard royalty share that are given by most NFT marketplaces. This royalty share is sent to the creator of the NFT which is the wallet address of Defy team.
The split of the 10% are as follows:
- 40% goes to influencer
- 40% goes to the community through token buybacks or added back to NFT funds.
- 15% goes to marketing fund
- 5% goes to team fund
How do I receive this royalty share?
We have documentations available online for you to create BSC wallets and receive funds.
Can you summarise the benefits why I should join you?
- We will take care of all technical stuff to properly onboard you in crypto and NFTs.
- We will take care of the production of the NFT design by partnering you with a highly skilled graphic artists who will create your NFT.
- We will market and distribute the NFT to our community of investors.
- You get an additional global fanbase of your personal brand.
- You get perpetual royalty shares on all NFT trades.
- Your royalty value increases the more there’s volume of circulation and demand.
- Since our token investors benefit from royalty shares, they would love to patronize your NFT than non Defy made NFTs.
- We can launch more NFTs in the future when the first one becomes a success.
Why don’t I just figure out how to create my own NFTs and sell it to your community so I get the full royalty share.
- There’s very little motivation for the community to support you because they don’t share in your royalties.
- Once you make a mistake of improper documentation, your NFTs can easily lose value because of the difficulty of IPFS authentication and validation.
- It would be hard for your first buyers to resell the NFT in the secondary market if you have no blockchain ID brand.
- Since we only market our own NFT partners, it would be hard to sell and resell your NFT in the Defy community if they do not know you.
Why not just create my own NFTs and sell in the open market?
Yes this is what a lot of people do, but you have to consider that NFT marketplaces are highly competitive. Listing it directly is like trying to go to war by yourself, the only reason people buy NFTs now is because of price speculation. Buy and sell would be though without a community behind you.
Have you heard of Beeple?
If you’ve heard of Beeple, he is one of the most popular NFT creators in the planet. He gave away his NFTs for only $1 each and most of them are circulating now in the amounts of $100,000 or more. We are not saying you could be the next Beeple, but there’s a lot of wisdom in building familiarity around your brand first by giving it away and sharing the success of your NFT career with a community.
DefyDefi is one of the first to build a tokenized model to fund and support personal brands of influencers.
Our Defy community and your personal social media community can now participate in the collection of your NFTs under one sustainable ecosystem that rewards everyone.
Disclaimer:
Currently, the Binance Chain lacks a few NFT protocols that would allow cross listing of NFT smart contracts in existing marketplaces. This means NFTs wouldn’t be able to generate royalty shares after being airdropped.
The solution to this however:
- We will create our own Marketplace which is still months away from the time of this writing.
- The needed NFT protocol to allow 3rd party listing becomes available on marketplaces.
For now let’s focus on distributing your NFT pieces through the community and building familiarity around your brand. Once our marketplace becomes ready or the needed protocol becomes available in other NFT marketplaces then that’s the time your royalty share can be tracked through the blockchain and automatically sent to you.
