Nafter
Crypto Overview
Overview
Nafter is a social media marketplace platform built on the Binance Smart Chain (BSC) that aims to connect content creators and fans through NFTs. The platform allows influencers and creators to monetize their social media content by creating and selling NFTs of their posts, photos, and videos.
Utility Assessment
Purpose: NAFT token serves as the native currency of the Nafter platform, used for purchasing NFTs, platform governance, and rewards distribution.
Business Model: The platform facilitates direct creator-to-fan transactions through NFT sales, with NAFT tokens being the medium of exchange. This model appears to align with Islamic principles as it involves actual asset exchange and value creation.
Real-World Adoption: The project has shown limited adoption since its launch in 2021. While the platform is operational, current usage appears to be minimal based on available on-chain data.
Token Distribution and Development
The initial token distribution included allocations for the team, marketing, and development. While detailed vesting schedules are not publicly available, there appears to be a basic structure in place to prevent immediate dumps by early holders.
Development activity has been sporadic, with limited recent updates to the platform or ecosystem.
Crypto Impact
To assign a comfort level investing in Nafter from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Nafter.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.