Welcome to the world of Revel, a platform that combines the best of social media, NFT, and crypto apps. In this article, we'll take a closer look at what makes Revel unique and how it works, and why you should consider getting involved. Keep in mind, the information provided in this article is for educational purposes only and is not financial advice.
What is Revel?
Revel is a platform where you can turn your photos and videos into collectibles that can be traded for revenue. It's like a cross between all the popular social media apps, NFT apps, and crypto apps all rolled into one. With Revel, every photo you take can become a scarce asset, living on the blockchain and ready for trading.
How does it work?
Minting your photos on Revel is simple. All you have to do is upload three photos and assign a rarity to each photo. This creates a series that your friends and followers can start trading. By trading personal media assets, both you and the person collecting your assets can generate revenue.
For example, let's say John wants to collect three of Susan's photos, each with a different rarity. John can achieve a series and Susan can create a new collection, and both will get bonus assets each time Susan mints new photos. This is what a refined economy with scarce assets and incentives looks like.
Business Model
Revel allows people like Susan and John to turn their moments into digital assets, negotiate deals, and earn revenue. The goal is to increase your net worth, and minting collections is a way to do that. You can mint up to 10 additions for a common photo, 5 for a rare photo, and only 1 for a unique photo. Once you have a series, you become eligible to harvest additional assets from the person you collected a series from.
Revel uses in-app currency, calculated based on offers put on your assets. Your net worth is the sum of your RBS balance and the estimated value of your assets. The RBS balance is your in-app currency, and the estimated asset value is determined by offers made on your assets.
The Team Behind Revel
Revel is backed by some of the biggest names in venture capital, including dragonfly, Union Square Ventures, Steph Monjan, and others. The community is incredibly helpful, and the platform has raised a significant amount of finance through fundraising efforts. The proof of demand for the platform is evident, with the ability to mint new assets only available if people are collecting them.
Conclusion
Revel is a unique platform that combines the best of social media, NFT, and crypto apps, allowing you to turn your photos and videos into digital assets and generate revenue. Whether you're a friend, family member, or just someone who likes to take photos, Revel offers a new way to monetize your content. Download the app and start trading assets of people you know, or who are just getting to know.