Home Internet How does Yubo take its place in the NFT market?

How does Yubo take its place in the NFT market?

Yubo is a social live streaming app for Gen Z . With over 60 million users, it provides young people with the space to socialize authentically with others beyond their own social circle and all over the world.. The app was made for Gen Z, with 99% of its users  between 13 and 24 years old.. In 2021, they launched their first collection of Pixels, Yubo’s in-app digital collectibles, and after seeing huge success among its users the app will now be releasing a new collection of Non Fungible Tokens (NFTs) called the Yubo Randos. What are the Yubo Randos? How is Yubo taking its place in the NFT market? Let’s talk about it! 

A first-of-its-kind evolution towards web 3.0

Yubo wants to use their Randos NFTs to  share value with its Gen Z users through a new socialise-and-earn concept that will give users their own unique stake in Yubo, as well as other 

Yubo is a social live streaming app for Gen Z . With over 60 million users, it provides young people with the space to socialize authentically with others beyond their own social circle and all over the world.. The app was made for Gen Z, with 99% of its users  between 13 and 24 years old.. In 2021, they launched their first collection of Pixels, Yubo’s in-app digital collectibles, and after seeing huge success among its users the app will now be releasing a new collection of Non Fungible Tokens (NFTs) called the Yubo Randos. What are the Yubo Randos? How is Yubo taking its place in the NFT market? Let’s talk about it! 

A first-of-its-kind evolution towards web 3.0

 Yubo wants to use their Randos NFTs to  share value with its Gen Z users through a new socialise-and-earn concept that will give users their own unique stake in Yubo, as well as other benefits on and off the app In late May 2022, Yubo will become the first social network to deliver real ownership to their users in a first-of-its-kind evolution towards web 3.0.

What are NFTs and why do they attract young web users?

NFT stands for Non-Fungible Tokens, which means they are non-exchangeable and unique, unlike cryptocurrencies. More specifically, an NFT is a unit of value that we store on a blockchain technology. Until recently, it was impossible to create a non-fungible good on the internet, because any file could be duplicated various times. But thanks to the blockchain and the arrival of NFTs in 2021, it is now possible to create uncopyable digital files. Please note that NFT’s ownership can be tracked and verified. It is a clear path from the virtual to the real world

What type of properties can you hold with NFTs?

NFTs are digital content of all kinds. By purchasing Non-Fungible Tokens, you can become the owner of a music track, images, collectible cards, photographs, digital art, digital artwork, videos, video clips or even… a videogame. Can you picture it? A videogame that would be 100% yours.

How to buy Yubo Randos?

In order to purchase NFTs, you must set up a cryptocurrency wallet such as Metamask, Math Wallet, and AlphaWallet. Please note that to buy Yubo Randos, you have to choose an Ethereum compatible wallet. Once you have deposited money into your wallet, you will make an account on your chosen crypto marketplace. Some of the biggest marketplaces include OpenSea, Larva Labs and Foundation. Once you’re set up on a marketplace you’re ready to buy NFTs of the Yubo Randos! 

Good to know: you can also use your Randos for sales. Sell digital files of your own to make personal revenue! You only have to decide whether to make an auction or define a fixed price for your NFT on the marketplace… As simple as that! 

What is Yubo Randos’ first collection?

The first collection of Yubo’s Randos is made of 10,000 collectible pieces of generative art in the same style as their original Pixels. They are designed by BanFan, an artist whose style is known to be rock’n and roll and a little bit crazy (in a good way). The characters’ portraits represent emotions, culture, style and attitude of the people who compose Yubo’s world

With Yubo’s new Randos, these NFTs can alsobe used within the Yubo app and unlock special perks – it can be used as a profile pic and even be transformed into a 3D avatar. What? A 3D Avatar? Yes, Yubo plans to create a 3D environment with avatars inside the Yubo app in the future as another part of their adventure into web 3.0.  

In addition, Yubo will share other exciting opporutnities and assets with their Randos holders. Yubo will offer them tickets to attend special live in-app events with incredible guests and access to Pixel collections or limited editions items such as merch, for example. 

Yubo wants to establish an economy of mutual value

The main reason why Yubo decided to launch their first NFT collection is to create an even greater sense of expression, attachment and belonging. By purchasing a Yubo Rando, users are also getting their own small piece of the Yubo. They can socialise, earn personal revenue, own their own stake in the app, and really feel like a unique piece of the puzzle in this virtual world. It’s a really original way to open your community to web 3 and NFTs! 

Moreover, Yubo will not stop there! By mid-2023, this social app for Gen Z also plans to launch its first cryptocurrency. This currency will provide further value to the community on and off the app. 

The road to success

The Randos NFTs will be released and available on Yubo’s minting site. You will be able to purchase the collection through the Ethereum blockchain

In order to answer our main topic question, we can say that Yubo wants to take its place as the first-of-its-kind among social platform aims to deliver true ownership to their users. They want their community to be a part of the app and the app to provide them value in return. Socialise-and-Earn. Yubo says it wants to make its Randos “the most inclusive NFT collection in the world.” 

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