Introducing Chainlist.finance a Crosschain NFTs Marketplace

First NFTs Marketplace for Influencers to, connect, list, buy/sell content with one click

Chainlist.finance
5 min readNov 6, 2021

Social media is a significant part of our daily lives today. An average person spends approximately 3–4 hours daily on different social media applications. Whereas the duration of time spent on these apps is relatively more for people in the age group 14 to 28.

What started off as an entertainment platform are now majorly transformed into a hub for small to medium sized businesses. The business ranges from services providers to products offering. These businesses further require marketing strategies and brand ambassadors. While some people create a brand, offering products and services, others turn themselves into a brand image, where companies send them products to review before their followers. An industry with multiple influencers reviewing different kinds of products, is referred to as a Social influencer industry. According to a study conducted by Influencer marketing hub, the influencer industry is expected to surpass its market size of $9.7 billion in 2020, to reach $13.8 billion market cap in 2021.

Another study reveals that most companies prefer to use Instagram over other social media applications, for influencer marketing. Approximately a social media influencer with 500k followers would charge between $300-$500 for a single image.

Over the years this has become a huge industry providing long term career opportunities to many. However, for a full-time career, these influencers and celebrities are also looking for other social media integrated options to generate passive incomes.

Aside from social media, another industry that has seen a massive bloom is NFT, short for, non-fungible tokens. As the name suggests, the non-fungibility property of these tokens enables them to be treated as an asset. These tokens have a distinctive property due to which, NFTs cannot be traded for other assets depending on value. They solely drive their price from market demand, and sometimes a single NFT can sell for millions. As NFTs merely tokenize art, the value of these NFT like art is in the eyes of the beholder. In sum, NFT market size in 2021 is 10.7 billion.

Chainlist.finance takes up on the challenge to amalgamate both industries to create a by-product that is enabled to transform usual digital content on social apps into NFTs, and launching them on different blockchain marketplaces. Aside from creating NFTs, Chainlist.finance offers exciting features.

Metaverse

Chainlist.finance offers metaverse with augmented and virtual reality to enable influencers and their followers to conduct virtual events. Users will be able to request their celebrities for personalized content that can be published on either marketplace with the consent of both parties.

Staking

Chainlist.finance offers staking with its native token $Clist in return upto 509.5555.29% APY. Users can do staking in two ways: $Clist/$Clist or $BNB/$Clist

Governance

Chainlist.finance is a decentralized structure with its native token $Clist which can be used to participate in governance structure of the platform.

Cross chain interoperability

Through the Chain List NFT bridge users will be able to access multiple blockchains through cross chain interoperability feature. In addition, users will be able to make transactions on different blockchains with a single wallet through Chainlist NFT bridge.

Desktop and Mobile application
Chainlist.finance has compatible applications for desktop and mobile sets in order to offer better user experience.

Revenue model
Chainlist.finance derives its revenue from charging commission transaction fee of 0.5 to 1% on each transaction. The second way of generating revenue is through the sale of utility tokens. The function for utility token sale depends on constant intertemporal utility and positive marginal utility. The fee model on the other hand has the function
κ∫ e−δτX(ƒ+κτ)dt
Where the fee charged К should be less than or equal to F-ƒ. The fee functions like a tax that increases the price consumers pay and decreases the equilibrium quantity to q X(ƒ+КƮ). And δ is the interest rate, d is the subscript of inverse demand function.

Third party use-case and applications
Chainlist will have its own open source code on github, third party platforms will be able to adopt usability and scalability within the open source ecosystem. They will not have to write code from scratch, as they can adopt it from the open source

Roadmap

Q3 2021

  • Token sale/ICO key advisors commence development
  • Website creation
  • Whitepaper release
  • Social media presence
  • Key influencers onboarding
  • 5% initial sale to early birds

Q4 2021

  • Smart contract audit
  • Press release on launchpad
  • Staking platform launch
  • app.chainlist.finance
  • Public listing

Q1 2022

  • Chainlist NFTs Bridge
  • Launch of test net for cross chain
  • CoinMarketCap and CoinGecko listing
  • CEX listing
  • Strategic partnership with key partners and leading brands

Q2 2022

  • Mobile app development
  • Metaverse for live shows
  • Metaverse Marketplace
  • NFTs and game integration
  • Education Charity for blockchain awareness

Q3 2022

  • Community attestation
  • Stake NFTs and get reward
  • Media collaboration
  • Research and development
  • Unlocking lottery system
    (Lottery event participation that rewards Chainlist native token)

Mission and vision

Chainlist has the mission to create an integrated space for social media platforms and blockchain. It is on the mission to create a source of passive income for social media users through non-fungible tokens, and staking for Chainlist.finance community.

The platform is designed in a way to facilitate users to easily transfer their digital content into non-fungible tokens. It also helps users to launch their NFTs across different blockchain marketplaces, which is a big flex for a project of this nature.

Chainlist.finance is a one-stop marketplace for social media users to monetize their personal content that includes images, GIF, videos and music. Users can turn their viral content into NFTs and sell for fortune including the 5% royalty on each trade. So what are you waiting for?

Social Media

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Chainlist.finance

The inspiration behind this project was taken with due consideration towards creating a passive income option for a large community present on social media app