AYOKENLAB’S WILL FEATURE DIGITAL COLLECTIBLES FORM MUSICIANS, SPORTS AND INFLUENCERS FROM WHOLE AROUND THE WORLD
Ayoken founder and CEO, Joshua King, told TechCrunch that the market is a bridge between fans and artists, and gives fans a sense of ownership in the success of their idols.
With the NFT market, he said, fans will be able to get tokens like behind-the-scenes videos and album art. NFT owners will receive other benefits such as access to unreleased music as well as exclusive live events created by the creators.
“With the passing of VIP, fans will gain the ability to stream the music of these artists before reaching Spotify, YouTube or Apple Music. Fans will receive discounts on upcoming events, ”said King, who has 14 years of experience in strategy, growth and consultation and innovation, as well as business. His work includes helping to measure AZA (Bitpesa), a Nairobi-based platform that uses bitcoin to facilitate cross-border transactions, and where he first introduced crypto and blockchain technologies.
King said Ayoken in the next few months will release NFT some of Africa's biggest artists, and others around the world.
The London-based star has already teamed up with Ghanaian afrobeats singer KiDi (Dennis Nana Dwamena) on his first NFT exit on the first day of June. King said the cross-chain market (although currently built on the Avalanche blockchain) allows crypto and card payments, but plans to increase mobile payments - as the launch makes it easier for people in growing markets like Africa to trade easily. King said they are in talks with several telco companies on the continent to make this happen.
“We are reducing the inconvenience to users by allowing people to use their cards instead of using crypto to make purchases, we are working with telco that will allow people to use mobile money to pay in the future. There is nothing close to what we are doing and that is why we have been able to sign talent in the arts, ”he said.
Users will receive token rewards (Ayo) when purchasing NFT or sending people, which they can use later to earn NFT.
King said that, unlike other NFT markets, they have distribution partners including YouTubers, promoters, newsletters, crypto exchanges, and phones to promote NFT decline - allowing creators to reach a wider audience, not just their fans.
“This means that celebrities do not have to rely on social media to run events. They get instant access to millions of people worldwide at the touch of a button. And our approach is very different from any other NFC market place in the world. we also have an advertising center that will help these founders succeed in their first NFT exit, ”said Nkosi.
"They (distribution partners) will receive a budget based on any transactions generated by their promotions on social media."
Utilizing funds collected from investors, among them Founders Factory Africa, Kon Ventures of Texas, Crypto League based in Europe, R9C Ventures of Ghana and Maximus Ventures, Ayoken plans to sign a number of special deals with artists and partnerships with telcos, in addition to growing its group and secondary markets.
"Most of the funding will go towards purchasing special licenses and building our technical team, which is four times as many engineers and engineers," he said.