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What is Sway Social?
Sway Social is a groundbreaking social protocol designed specifically for Metacreators. It leverages the power of NFTs to transform social capital into a valuable asset class. With Sway Social, individuals can now monetize their presence in the Metaverse on their own terms.
In the Metaverse, every element - be it a game item, avatar, collectible, social media post, or land title - is represented by an NFT. Behind each NFT lies a vibrant community that plays a crucial role in determining the value of the creator's social capital.
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What is Sway Protocol (SWAY)?
Sway Protocol is a web3 proxy that helps NFT projects and individual wallets build trust, reputation, and goodwill through staking and rewards distribution.
How does it work?
Sway Protocol is a decentralized protocol that allows users to deploy proxy staking pools for their NFT assets. Participants can stake tokens in these pools to earn rewards based on NFT sales and royalties, and to establish the social capital of the NFT asset holder. This concept is similar to how traditional social media platforms use likes or followers to determine an influencer's social capital, but it is adapted for the web3 and decentralized finance (DeFi) ecosystem.
A proxy pool is a staking pool on Sway Protocol created by an individual or project and paired with their wallet holding NFTs. Other users can stake tokens in the proxy pool to earn rewards based on NFT revenue and royalties.
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