Ayoken, another NFT Marketplace for Creatives and Digital Collectibles
Ayoken has recently raised $1.4Million to grow it Non-Fungible Tokens, NFTs Marketplace for Creatives and Digital Collectibles.
Revolutionizing creatives and digital collectibles industry, Ayoken raised 1.4 millions dollars pre seed funding to enable users grow their revenue streams through digital collectibles.
The startup's nft marketplace, Ayoken Labs mission and vision is to be the world’s leading platform for buying digital collectibles, and social tokens from the biggest musicians, creators and influencers.
"Our Central core is driving real world adoption of Non-Fungible Tokens (NFTs)". However, by 2023, "we plans to onboard three (3) millions users".
An overview of Ayoken
Ayoken is an Non-Fungible Tokens NFTs Marketplace Startup that looks into the featuring of digital collectibles from musicians, collectors, influencers, sport brands etc from all over the world.
According to the CEO, Joshua King, "via the NFT Marketplace, fans will be able to access tokens such as behind-the-scenes videos and album art. Creators will also get other perks like access to unreleased music and exclusive live events by the creatives.
About Ayoken
Ayoken is a digital collectibles platform that deals with musicians and other artists to help support their creativities and digital collectibles.
Ayoken is headquartered in the city of London, United Kingdom and it was founded in 2021 by Joshua King which is also the current Chelf Executive Officer of the company.
Ayoken target African Market the most. According to the CEO - Joshua King, he said "we are negotiating partnerships with a number of telcos in the continent (Africa precisely) to make this a reality".
Ayoken was built on Avalanche Blockchain Networks. That's it uses cross-chain network which support crypto and card payment.
About Ayoken Founder and CEO - Joshua King.
Joshua King is the founder and CEO of Ayoken NFT Marketplace. He is a strategy, growth and innovation consultancy, and entrepreneurship with fourteen years (14) experience in the field.
He has worked and build career in (Bitpesa) as a helping scale AZA. Bitpesa is a Nairobi-based platform that leverages bitcoin to facilitate cross-border remittances. That's where he first got introduced to crypto and blockchain technology.
How Ayoken works?
Ayoken is an NFT Marketplace. This digital collectibles platform works in the sense of supporting creatives to launch everything from digital & album art, to digital collectibles and utility driven social tokens. These will give fans exclusive pass to behind the scenes footage, live events, and early access to stream music before anywhere else as also mentioned above.
"Leading musicians have agreed to launch with Ayoken, and we recently raised a $500K Pre-Seed Equity Round From Founders Factory". In addition to that, Ayoken has already partnered with Ghanaian afro-beat artists, Dennis Nana Dwamena popularly known as KiDi for his first (1st) NFT drop on the first day of June, 2022.
🚨MAJOR ANNOUNCMENT🚨
— Ayoken Labs (@ayokenlabs) May 30, 2022
It's finally here! We are proud to announce our first #NFT drop in partnership with Ghana’s biggest musician @KiDiMusic
KiDi’s Series 1 drop will launch on the 1st June, signup to https://t.co/tDiJHFREng for updates #KiDi #nfts #ayoken #nftmusic pic.twitter.com/5wRTeITot3
Ayoken Tokenomics and token distribution.
What Ayoken CEO, Joshua King is Saying
According to conversation CEO Joshua King have with Techcrunch, he noted that Ayoken is an intermediary between fans and artists.
The Marketplace is a bridge between fans and artists, and gives supporters a sense of ownership in the success of their idols.
- said Joshua King.
"Through VIP passes, fans will get the ability to actually livestream music by these artists before it arrives on Spotify, YouTube or Apple Music. Fans will get discounts for future events too,” said King.
Although Ayoken uses cross-chain blockchain network (Avalanche Blockchain) which support crypto and card payment, King still plans to add mobile money to the platform so as to make it easier for people in emerging markets like Africa to trade with ease.
In addition to Joshua King conversation with Techcrunch, he noted that they are meeting Africa Telco companies to negotiate partnership to make this easily work out in the continent by using mobile money to help the platform.
We are reducing friction points for the users by letting people use their cards instead of having to use crypto to buy, we are working on partnerships with telcos that will allow people to use mobile money to make the payment in future too. Nothing comes close to what we are doing and that is why we are able to sign some of the biggest names in the creative industry,”
- King said.
Unlike other NFT marketplaces, they have distribution partners including YouTubers, influencers, newsletters, crypto exchanges, and telecoms to promote NFT drops – allowing the creatives to tap a wider audience, and not just their fanbase. What this means is that celebrities do not have to rely on their social media following to drive transactions. They get instant access to millions of people all around the world at the touch of a button. And our approach is so different to any other NFC marketplace on the planet. we also have a marketing agency to help these creatives succeed in their first NFT drops.
They (distribution partners) will get a revenue share based on any transactions generated on their social media promotions.
A majority of the funding will go into buying exclusive licenses and into building our tech team, that is the developers and engineers by fourfold.
-Joshua King told Techcrunch.
However, when talking about reward, Ayoken's users will get token (called Ayo) rewards when they buy the NFTs or refer people, which they can redeem later for an NFT.
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