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Hello,\nSatoshi clubbers! Another AMA took place in Satoshi Club and we would like to\nintroduce to you the AMA session with our friends from Clout.art and our guest was\n@jurez. The AMA took place on 24 September<\/p>\n\n\n\n
The\nAMA session was divided into 3 parts with a total crypto reward pool of 500$ <\/p>\n\n\n\n
In\nthis AMA Recap, we will try to summarise the most interesting points for you.<\/p>\n\n\n\n
Mary | Satoshi Club:<\/strong> Hello \nSatoshi Club! We are happy to announce our AMA session with Clout.art!\nWelcome to Satoshi Club😀<\/p>\n\n\n\n Paul Mont | Satoshi Club:<\/strong> Today\u2019s guest is @jurez! Welcome! Great to have you\nhere!<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nHey, thanks Paul, nice to be here! 👋<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Welcome here, Jure! How are you today 😊<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nGood, good excited to share more about our project 🙂<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Hello, Veronica 👋<\/p>\n\n\n\n That’s great! Let’s\nstart our AMA 🚀<\/p>\n\n\n\n Paul Mont | Satoshi Club:<\/strong> Let’s go @jurez, please introduce yourself and tell\nus more about Clout Art<\/p>\n\n\n\n Tell us about your\nbackground and also the core principles and foundations about the Clout Art\nproject 😉<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nSo I\u2019ve been in the NFT space from the very early day. I co-founded a company back\nin 2018 that built the first NFT protocol for NFT validation and authenticity<\/p>\n\n\n\n We also worked directly\nwith the lead author of ERC-721 standard and helped him push that from an EIP\nto a confirmed ERC<\/p>\n\n\n\n Last 2 years, I was a\npart of couple ventures around NFTs, but you wouldn\u2019t believe that 2019 no one\nwould invest in an NFT business<\/p>\n\n\n\n Paul Mont | Satoshi Club:<\/strong> That puts you in the league with the early pioneers\nof the NFT industry 🙂<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nThat\u2019s true 🙂<\/p>\n\n\n\n I basically know all\nthe guys from the early days\u2026 some have really taken off!<\/p>\n\n\n\n Paul Mont | Satoshi Club:<\/strong> As I like to say that is a great business card for\nan introduction 🔥🔝<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nContinuing here\u2026 so 2y ago no one would believe you could sell a jpeg for $500\nlol<\/p>\n\n\n\n Well now, here we are\u2026\nClout.art started in my head a year ago around this idea that ALL THE CONTENT\nALREADY EXISTS we just don\u2019t have the right toolset to monetise it<\/p>\n\n\n\n Starting with\nInstagram, as social media is the content we consum the most, we built a\nproduct to do just that<\/p>\n\n\n\n Take valuable content\nfrom legacy web 2.0 social platforms and turn it into NFTs \u2014 web 3.0<\/p>\n\n\n\n But what Clout.art, as\na product does is simple: It takes existing, legacy content and turns it into a\nliquid asset by making it an NFT<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Jpeg😂 i heard some people don’t like this\nname😂😂😂😂<\/p>\n\n\n\n Paul Mont | Satoshi Club:<\/strong> I feel this is a simple, yet potentially\nparadigm-changing amazing epiphany. So true indeed 😄<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Who are in your team?<\/p>\n\n\n\n You will work only with\nNFTs? 😀 Any other products?<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nNFTs are special because they\u2019re the content layer of the decentralised web (or\nweb 3.0)<\/p>\n\n\n\n when you have that you\ncan do the actual value exchnage without having to involve a middle man or a\ntech platform<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> That’s true😀<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nI think the real value of NFTs is just surfacing\u2026 there\u2019s so much more utility\nthan just collectibles and avatars<\/p>\n\n\n\n but on the platform\nside, here\u2019s the important part<\/p>\n\n\n\n we are not building a\nsocial media platform 😄<\/p>\n\n\n\n a lot of projects are\ntrying to do a social media platform that use NFTs<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> I know some😀<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nspeaking to 10+ founders who have tried (and most failed) building social media\nnetworks in the past, the learning is: it\u2019s one of the hardest things EVER to\nbuild a functional social network<\/p>\n\n\n\n user need a really good\nreason to abandon what they have and move to something new<\/p>\n\n\n\n so the question is\u2026\nwill they abandon the communities that they\u2019ve build over the last 10y and\nswitch to something novel, just because\u2026 it has NFTs? 😄<\/p>\n\n\n\n Probably no.<\/p>\n\n\n\n We\u2019re a monetisation\nlayer that sits on top of Instagram, and later TikTok, YouTube, Twitter.<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Yes, i saw a lot of projects trying to build social\nnetwork on blockchain, but… I can’t see anyone that succeed<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nWe want our users to use and leverage these communities, and after the\nengagement is drained, just turn it into an NFT and make money off it<\/p>\n\n\n\n And the more engagement\nyou get initially, the higher score and consequently price you could have<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Brilliant idea💎<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nThanks 🙂<\/p>\n\n\n\n Paul Mont | Satoshi Club:<\/strong> I can see how the possibilities are just endless,\nwhat Web 2.0 has already is a gold mine for users and on the enterprise side 🔥<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nIndeed\u2026 and I think despite the space evolving so fast, we\u2019re trying to jump\nahead, when real adoption takes time<\/p>\n\n\n\n TikTok is the latest\nbig player on the scene \u2014 they knew VERY WELL that they have to integrate\nconnectivity to IG, Messenger, YT, Snap\u2026 so instead of shuting those channels\nout, they\u2019re leveraging them to get new users<\/p>\n\n\n\n Mary | Satoshi Club:<\/strong> Blue ocean strategy?)<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nand imo, that\u2019s the right way to do it nowadays<\/p>\n\n\n\n Paul Mont | Satoshi Club:<\/strong> Also leveraging on the rooted communities of the\nactual dominant social platforms is a paving-way strategy for taking care of\nthe mass adoption issue – I gotta agree, it’s truly brilliant 😁<\/p>\n\n\n\n Paul Mont | Satoshi Club:<\/strong> As @madamlobster asked you earlier, how many core\nmembers are actually working on the development of Clout Art?<\/p>\n\n\n\n Jure Z ⛓🚀:<\/strong>\nOh right, I almost answered that 🙂<\/p>\n\n\n\n Our Slack is growing on\na daily basis, the total number of people involved with the project is not 30+,\nthe core team however is the product and marketing \u2014 that\u2019s 11 people that are\ndoing their best to get this out there<\/p>\n\n\n\n Ofcourse after the\nrecent raise, we want to hire more<\/p>\n\n\n\n