Economic network

The Clout.art NFT platform goes live on the Hedera network

Clout.art is the most recent NFT company to launch on the Hedera network, after LG Electronics. As a microservice, curation platform, and community of creators, Clout.art strives to help emerging artists benefit from the NFT space.

Clout.art, a platform that enables free minting and marketing of social media posts, is growing and migrating to the Hedera Network to facilitate the development, expansion and introduction of next-generation solutions that help creators to better monetize their audience. Clout.art will offer a dedicated fund to help artists and creators on their NFT journey. More information about the fund and their original NFT collection will be available in the coming weeks, but users can now register and quickly create their own NFT at https://clout.art.

Clout.art pioneered the migration of content from Web2 to Web3 in 2021, at a time when creating an NFT required deleting the original Instagram post. Clout.art was the first tool to create NFTs from Instagram posts. Clout.art is now a pioneer in the use of NFTs from the soon to be launched Originals collection as part of the business model for emerging creators. The company incorporates its own collection as well as an economic approach that helps creators build their communities and patrons.

“While physical goods have been a major contributor to online creators’ revenue streams in a Web2 world, digital goods will foot the bills in the future,” says Jure Zihfounder of Clout.art and pioneer in the NFT space who helped build the first NFT framework on Ethereum in 2018. “Just like you would buy someone a branded t-shirt, cap, or coffee mug, you will now buy things from your favorite artists and influencers.

With the addition of NFT compatibility to major social media sites, a crucial step has been taken, bringing encrypted digital collectibles closer to mainstream use. While many users may already attach NFTs to their timelines, online authors can earn revenue by doing the reverse and converting their existing posts to NFTs.

Transition to Hedera

Clout.art will move its services and tools from Polygon to the Hedera network to use a faster and more environmentally friendly technology stack. Additionally, this decision is important for Hedera’s NFT community, as the project enables new concepts of monetizing existing content to add an additional revenue stream.

“Hedera has one of the fastest growing ecosystems, thanks to the hashgraph consensus algorithm, a technological backbone that can outperform the majority of current blockchain networks,” said Swear Zih.

“Clout.art presents an innovative platform where creating NFTs from your original content is as easy as logging into your Instagram account”, said Alex Russman of the HBAR Foundation. “They are pioneers in the evolution of the creator economy, actively exploring the intersection of creators and Web3 technologies, and we are excited about their growth on the Hedera network.”

About Clout.art

Clout.art powers the creator economy of the future by turning the most valuable content, such as your most successful social media posts, into unique NFTs. As a microservice, curation platform and community of creators, it is one of the pioneers of the Web3 creator economy space that strives to help emerging artists explore the NFT space . Visit https://clout.art or follow us on Twitter @cloutdotart.

About the HBAR Foundation

Founded in 2021, the HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups and organizations looking to launch decentralized applications in DeFi, NFT, CBDC, ESG, Gaming and more. other sectors. In addition to providing funding through a streamlined grant process, the HBAR Foundation acts as an integrated force multiplier through expert support in technical, marketing, business development, and other operational functions necessary for the evolution. . For more information, please visit https://hbarfoundation.org/ or follow the Foundation on twitter @HBAR_foundation.