NFT
Non-fungible token (NFT) platform OneOf has acquired blockchain rewards instrument Faucet Community to assist giant corporations join with their customers in Web3.
As part of the launch, OneOf is launching the OnePlatform, a turnkey choice for corporations trying to develop into Web3 that mixes parts of e-commerce, information and loyalty applications.
Faucet Community, based in 2018, permits customers to redeem loyalty factors for cryptocurrencies. It has partnered with corporations corresponding to web browser Courageous, rideshare firm Uber, leisure agency Warner Music Group and extra.
Lin Dai, CEO and co-founder of OneOf, instructed CoinDesk that integrating Faucet Community will assist onboard extra corporations and prospects into Web3 by way of e-commerce.
“The use case of amassing a branded [profile picture] could be very removed from the common client’s life,” stated Dai. “What OnePlatform can do is construct a subsequent era loyalty answer.”
Dai instructed CoinDesk that OnePlatform will embody a multi-signature pockets, permitting Web3 natives and newer customers alike to entry and take possession of their digital identities.
“For enterprise corporations, we predict it is a very legitimate step in the direction of decentralization for the corporate to personal their full stack,” stated Dai.
OneOf has traditionally been a distinguished participant within the intersection between music, leisure and Web3. In November 2021, it signed a three-year partnership with the Grammy’s to create NFTs for the annual music awards. In February, OneOf introduced on former Warner Music Group CEO Stephen Cooper as a board member, advising the corporate in forging partnerships to strengthen its Web3 presence.
