1) NPICK BLOCK is a blockchain platform that aims to solve issues in the social media service industry. It addresses problems such as privacy concerns, revenue sharing, and copyright protection. The platform utilizes NFT technology and the ERC-721/ERC-1155 protocol to ensure security and authentication. Through these solutions, users of social media platforms can have their rights protected and receive fair compensation. The NPICK token serves as both a measure of value and a form of payment. The goal of NPICK BLOCK is to create a standard social media platform ecosystem and expand its reach beyond the Npickple platform in Korea.
2) The growth of the NPICK BLOCK social media platform is driven by its expansion into various global platforms. By leveraging NFT technology and a robust management system, the ecosystem offers content creators the opportunity to generate economic value. This leads to more creators joining the platform and more content being produced. As the platform becomes richer in valuable content, it attracts more users, creating a virtuous cycle that drives growth. With increased content and traffic, the value of NPICK BLOCK increases, opening up possibilities for business expansion.
3) The token economy of NPICK BLOCK ensures fairness and maintains a reasonable ecosystem using blockchain technology. Each social media platform operator has the ability to set a separate budget for purchasing tokens. The management of the circulation amount and price-setting is taken into consideration. The price of NPICK BLOCK tokens can be influenced by each individual platform, allowing for flexibility and adaptation.
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