The IDO for Everlens, the first NFT platform designed for Instagram, will be launched by CardStarter. CardStarter is the world’s top incubator and insurance program for Cardano companies.
Instagram is now a centralized platform allowing individuals to upload their content while Facebook, the parent company, earns the profits. Everlens wants to change that by allowing Instagram users to sell their own content and transform their posts into NFTs. Each influencer can improve community involvement as followers may now own unique content of their favorite posts. Followers can support influencers through different ways like post sponsorship and creating popular artist NFT collections.
Everlens enables the process of converting any Instagram post to an NFT for easy accessibility to users. The platform will run on Cardano, BSC, and Solana blockchains to lower transaction fees and make NFTs approachable to users.
Everlens holders can vote on ideas of interest to the community, with access to the Decentralized Autonomous Organization (DAO) governance architecture. New social network connections, sale transaction fee adjustments, net revenue distribution, incentive allocation for yield farming, and mining liquidity are among the issues covered.
Aatash Amir, the CEO of CardStarter, stated that the company has always run on cutting-edge technology, bringing unique blockchain technologies to the community. Everlens represents a fundamental blockchain solution that returns profits formerly hoarded by big companies to the original content producers. CardStarter is pleased to announce this innovative concept that addresses a significant issue in the social media economy.
CardStarter is the world’s first launchpad, incubator, and insurance program for Cardano-based enterprises. The CARDS space is a one-of-a-kind launchpad for initiatives, linking them with early backers and a network of crucial partners. The Cards Accelerator Program (CAP) staff works one-on-one with each initiative to make the necessary connections and build out marketing tactics, laying the groundwork towards long-term success.
Its commitment to safeguarding its backers distinguishes CardStarter. CARDS conducts independent third-party audits of each project’s code and offers an in-house insurance policy to IDO members.