SocialPayMe launches first NFT marketplace on blockchain for influencers, brands and followers.

Miami, USA, 18 August 2022, Jack Dorsey’s first ever tweet, which was sold as an NFT (or non-fungible token) in March 2021 for over $2.9 million, is now worth only thousands of dollars. (MIAMI, FL) – When Jack Dorsey, then CEO of Twitter, auctioned his first tweet as an NFT and a collector bought it for 1630.58 Ether, which was worth $2.9 million at the time. One year later, the buyer relisted the same NFT for sale on OpenSea and announced that he planned to donate 50% of the proceeds to charity. Highest bid it received? $9968 – a decrease in value of $2,905,867. Despite the low bid, NFTs still hold tremendous value today. In the same month it received the $9,668 bid, the market went into hype mode with monthly trading volume on OpenSea jumping to $2 billion, up from $150 million just a year earlier. “We can change this narrative” says Dr. Ravi Singh, founder of SocialPayMe, the first ever online platform and marketplace dedicated exclusively to social media NFT.

“The platform allows influencers to monetize social media profiles by attracting and partnering with relevant brands and embedding their social media posts into NFTs. It also allows brands to purchase and own these NFTs for marketing assets or future use, and provides influencer authentication and insight into performance and value. Followers can also finally be rewarded for their engagement and loyalty by buying NFTs from favorite influencers and collecting or reselling them on the marketplace. And like the Jack Dorsey tweet auction, charities can also go benefit from and receive donations from influencers or followers when selling NFTs.”

The concept for SocialPayMe started as a dissertation by Dr. Singh for his PhD in Social Media and Technology on the 35,000+ tweets from Donald Trump that helped him win the 2016 presidential election. It has since been developed into a patent-pending algorithm and is the foundation for the “Social Media Voice Theory” algorithm that powers the platform and market. Headquartered in Miami, Florida – the “Crypto Capital of the US”, SocialPayMe is currently raising seed money to launch in Q4 2022. And together with the help of local leaders, such as Mayor Francis Suarez, SocialPayMe hopes to democratize monetization for social influencers Media. Dr. Singh is a world-renowned expert on blockchain, NFTs, as well as voice, engagement and tone in social media. He holds several patents, in addition to two master’s degrees, a PhD in social media and technology, honorary alumni status at MIT. Business Week Magazine and USA Today have named him “The Campaign Guru” for this help in electing 9 world leaders. He will be speaking on “The Super Science of NFTs” at Crypto Connect Expo in West Palm Beach on August 20, 2022. Founder of Crypto Connect Expo is Scott Roseman states

“We are delighted to have SocialPayMe announce its new NFT social media marketplace at our conference and have Dr. Ravi Singh, an expert on social media and NFTs, as the keynote speaker. We believe companies like SocialPayMe will help bring social media NFTs to the forefront of web3.”

For more information, please visit www.SocialPayMe.com. #SocialPayMe #NFT #NFTsales #Blockchain #SocialMedia #Influencers #FrancisSuarez #OpenSea #CryptoConnectExpo #Charities #3

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Organization: Social Payme Inc.

Contact person: Jenny Kefauver

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Telephone: 703-850-3533

City: Miami

Country: United States

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