Wadiz Introduces 'NFT Funding Review Guide' to Expand Creator Opportunities
Wadiz Introduces 'NFT Funding Review Guide' to Expand Creator Opportunities
- Expansion of funding projects offering NFT as rewards... Intangible creative content funding market opens wide
- 'Opportunity for Creators' to Challenge New Technology Market and 'Protection Mechanism' for Supporters Simultaneously
An NFT (Non-Fungible Token) funding review guide is being introduced for the first time in the crowdfunding market.
Wadiz, a lifestyle design crowdfunding platform, announced on the 9th that it will introduce an NFT funding review guide to promote creative activities of copyright holders in various media and content including art, design, video, music, games, and webtoons.
The NFT funding review guide is designed to provide more diverse opportunities for media and content creators to challenge by activating funding projects that offer NFT as rewards, in accordance with the growth of the 'Creator Economy' paradigm.
Additionally, since NFT is still a new technology field with inherent instability and risks in transactions such as infrastructure and security issues, the detailed review guide aims to protect both makers opening funding and supporters participating through comprehensive review standards.
Through this review guide, opportunities are expected to expand for numerous intangible creative works from individuals, creators, and companies to be introduced to the world through funding and communicate with supporters, beyond the tangible products and services previously offered as rewards in Wadiz funding.
The main points of the NFT reward review guide officially adopted in June are as follows.
▲Makers must disclose the address of the cryptocurrency wallet containing the NFT to be provided through funding for trust verification and be able to prove ownership of that wallet, ▲Before supporters participate in funding, detailed information in the story (number of NFTs issued, cryptocurrency type, information proven by NFT, NFT delivery method, etc.) must be provided so supporters can sufficiently understand the NFT. ▲Initially, only NFTs issued and distributed on the 'OpenSea' platform will be handled, with plans to expand to various channels long-term.
Going forward, Wadiz will closely monitor the rapidly evolving NFT market environment and related regulatory and legal trends, and respond appropriately.
A Wadiz official stated, "Establishing the NFT project review guide is an important task in the growing new technology market from both perspectives of 'expanding opportunities for creators' and 'supporting protections,'" and added "We will establish NFT as a new trend in the funding market and expand the ecosystem so that anyone can challenge new ventures through funding."