WenLambo Adds More Services to the NFT Collectors Sector
The innovative team behind the WenLambo project seeks to provide the NFT sector with more options. The platform is unique because it’s one of the first NFT launch sites to cater specifically to celebrities and musicians. In the past, sports athletes have seen considerable success offering collectibles and memorable via NFTs. Now, WenLambo seeks to provide the same services to your favorite musicians and other influencers.
NFT Market on the Rise Anyone who has been following the NFT sector can attest to the fact that it’s in the midst of record growth. Notably, the demand for these tokens has increased exponentially since they first began popping up around 2012. Recent reports have shown that the market is more active than ever and expanding quickly. The market cap for global transactions of NFTs was $40.96 million in 2018, $141.56 million in 2019, and $338.04 million in 2020.
This growth has led to some surprising NFT sales in the millions. For example, the NFT market was awed when an NFT called “Everydays: The First 5,000 Days” by an artist named Beeple was auctioned off for $69 million. Today there are NFTs that represent art, memorabilia, and even real property. Another well-publicized example of an NFT fetching millions occurred when the CEO of Twitter Jack Dorset auctioned off his first Tweet for $3 million.
Influencer-Based NFTs There are a lot of different types of NFTs in the market. WenLambo seeks to focus on influencer-centric NFTs. These NFTs will range from MP3s to Videos, and even actual physical property. The influencer will be able to connect with their fans on a whole new level via these digital assets.
For example, imagine going to watch the latest James Bond movie. Now, picture Daniel Craig (James Bond) offering you a chance to own a collectible NFT pulled straight from the movie's scenes. This rare NFT could also see an increase in value if it was previously owned by Craig directly.
That’s one of the coolest things about NFTs. Since they are not valued based on market cap like regular cryptocurrencies, there is a lot more room for ROI potential. NFTs are valued based on their scarcity and the person's connection to the token. That’s why some NFT art pieces have sold for over $50 million.
WenLambo NFTs WenLambo seeks to bring more celebrities and influencers into the market. The platform makes it easier for these individuals to issue NFTs directly to their fans. Celebrities are able to set up their own galleries and provide catered messages regarding the history and reasoning behind why a particular item is so important to them. In this way, users will be able to connect with their idols and even share in their rise to fame.
For example, imagine a new actress entering the scene. She issues a special NFT to collaborate her premier movie appearance. Fast forward a few years ahead and now the actress is considered one of the top earning professionals in the biz. Undoubtedly, the higher demand for her services will also translate into higher value for her NFTs. Now, you can auction or trade her rookie NFT and capture some significant value.
WenLambo Popularity The WenLambo concept has been met with excitement in the market. The project already has secured over 10.5k holders globally. These numbers are set to expand if the NFT up-trend continues as predicted by analysts moving forward.
It’s Not All About the Money One of the coolest aspects of WenLambo is its charitable perspective. The network takes a percentage of all transaction fees and sends the funds off to a community voted charitable organization. Users can easily track these donations and they can even suggest what organizations are deserving of the funds. WenLambo token holders can submit proposals via the community governance mechanism to get their charities listed.
WenLambo's charitable approach to the market provides one more reason why collectors should give WenLambo a chance. The protocol offers a secure and easily trackable alternative to the market. Its focus on celebrities and influencers is another perk that could attract attention in the market. Best of all, the WenLambo community is very strong with members exchanging ideas with developers on a daily basis via its social media channels.
Scalability One of the biggest benefits that WenLambo users enjoy is scalability. WenLambo was built on the Binance Smart Chain (BSC). The BSC is an advanced blockchain that was designed to support all DeFi functionality. As such users can earn passive rewards by staking their tokens or providing liquidity to pools. In the WenLambo ecosystem, these features have not been activated yet but are available if developers ever decide to expand the network's functionality.
Where to Find WenLambo? You can find WenLambo listed on P2P, CoinGecko, and CMC. The token is also available on Pancake Swap, the largest DEX on the BSC. WenLambo traders enjoy a significant amount of liquidity thanks to all of the listings the developers secured during the project’s launch.
Investor Remain Secure Another vital aspect of WenLambo is its investor protections. Specifically, the developers have chosen to lock the network’s liquidity. Liquidity locks are used to provide investors with added protections against rug pulls. The WenLambo liquidity pool is locked for 180 days.
Rewards for All All WenLambo users enjoy access to Airdrops. Specifically, 4% of the 10% flat transaction fee is airdropped to all token holders. These Airdrops come in the form of weekly giveaways. Notably, this approach simplifies DeFi investing for users because it eliminates all the technical and financial barriers associated with staking your tokens.
WenLambo – Take Stake in Your Favorite Celebrity WenLambo is unique in that it allows regular users to take a stake in their favorite celebrities and influencer’s careers. Users can find talent early on and make potential ROIs as these personas take over the entertainment industry. Additionally, the platform adds a philanthropic twist to the DeFi equation that can’t be ignored. For these reasons, WenLambo has potential to help further NFT adoption moving forward.