IreneDAO: Why are the influencer's NFTs causing a scandal?

So, we will try to clarify this news.

IreneDAO represents an NFT platform that was launched by a Chinese influencer on Instagram with nearly 388k subscribers. She is 28 years old and her name is » Yuqing Irene Zhao". Irene for those close to her.

She announced 3 weeks ago on her YouTube channel that she had decided to stop her traditional job. She studied economics and was a commodities broker (in parallel with her activity as an influencer on Instagram) to launch into cryptocurrencies full time. This had already surprised the community because until then, it had mostly published lifestyle content.

She actually announced the creation of her IrèneDao project.

Irene clarified at CoinTelegraph that she calls her project "So-Col" for Social Collectables. Indeed, IreneDAO is a platform that wants to help content creators monetize their content by creating communities (DAOs) with their fans. IreneDao is designed on the StarkWare layer 2 solution and uses StarkEx for identity management, among other things.

His plasticity was an asset (?) but not only that, for the launch of his NFT project….

Yes, because you will see why the project has attracted so much attention.

Critics have spoken out against the project because they would consider it to be a decentralized network like OnlyFan… For those who don't know, it is a "sexual" or "sexualized" network through which people can subscribe monthly and receive so-called intimate content…

For other people, the platform would look as much like Discord, Patreon or even Twitch.

The idea according to Irène was to give content creators and influencers the opportunity to convert their content into NFT.

What is the type of NFT on IreneDAO?

The first NFTs sold are actually a sticker/emoji pack (you know, what we use in instant messaging). So, users can use them on Telegram in particular.

The stickers depict photos of Irene with texts that members of her community and the crypto community. For example, the stickers depicted photos with the phrases “yes ser”, “gm” and things like that.

(If the subject of dictionary of degenerates/ degens interests you, we have translated the dictionary just for you).

Irene has certainly added a new expression elsewhere, based on: Simplicity, integrity, meaning, purpose (SIMP)… In fact, this gives “Simplicity, integrity, meaning, purpose (finality?). The media Defiant even called this unexpected phenomenon SimpFi…

Irene (@0xIreneDao) certainly added a new expression, based on: Simplicity, integrity, meaning, purpose (SIMP)…

Why a scandal when other similar projects don't cause as much sensation?

The sticker pack was the first sale, ok.

In fact, the scandal really exploded when sales exploded (logical). Sales were explosive and this may have surprised many people, which is understandable.

Look at the page on Opensea, there isn't even a banner ;) This shows you how the success could have surprised more than one person.

The 500 NFTs sold like hot cakes, in 40 minutes. They are currently selling at a floor price of 1,4 ETH (over $4000), with a total volume traded of over 2 ETH… Yes, over $000 million in bulk, at the current price.

The NFTs in this first collection are actually entry tickets (access passes) for the “Genesis Tribe” which will subsequently participate in the DAO.

Irene agreed, and on Friday they tokenized the stickers into 1 NFTs on the OpenSea marketplace. The NFTs are described as an “access pass” to the DAO’s “Genesis Tribe,” initially distributed with a free mint.

Has Irene become rich?

She said she didn't have an NFT (because the sale happened quickly, she hadn't followed the mint and didn't think at all that everything would sell in such a short time). We can believe it because the vast majority of NFT projects do not even manage to sell a quarter of their collection even in a week...

Note that Irene did not design her NFTs alone and that she set up this project with a certain Libevm (marketing expert). She could not mint an NFT (according to her and we will say that there is no reason for her to lie).

It is therefore the members of its community who have become one (not to mention the percentages of resales) and who also gained membership to the platform.

So, rich Irene? In fact, the money raised was dedicated to the development of the IrèneDAO platform. Moreover, the project has serious ambitions such as integrating the economy of content creators into Web3.

Moreover, the roadmap seems promising and NFT stickers will perhaps even be used by Ghozali (the famous 22-year-old Indonesian who sold NFTs for $22 million).

It's true that they're on to something, that's for sure: NFT + DAO + Social media and influencer = winning combo.

If the IrèneDAO project has made noise, it is for several reasons and big names in the crypto sphere have already shown their support for the project. Among them, we can cite the CEO of Galaxy Digital or the tumultuous Logan Paul who owns 20 IrèneDAO NFTs, purchased for the modest sum of 85 ETH...(approximately $300,000).

In fact, what we need to see is that Irene will certainly open the way for new projects - even if it would be for decentralized versions of OnlyFans, that's huge. There are many things to do in this area and if it is to improve this universe, then so much the better!

No?

I would be curious to know more, honestly.

Note: No financial advice is given in this or any other article on zonebitcoin. This is information of which you are the sole judge and master. Be responsible with your investments and only invest as much as you are willing to lose.

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