ItsMyne By NFT Labs Gains From Growing Interest in NFTs

TORTOLA, BRITISH VIRGIN ISLANDS / ACCESSWIRE / November 13, 2021 / Despite naysayers, the boom in NFTs refuses to die down, leading some to believe that, with increased momentum, this may pave the way for a new form of online existence by netizens. Adding fuel to this was Facebook’s decision to rename itself, “Meta,” thereby adding a whole new level of seriousness to the NFT paradigm and its ecosystem, the MetaVerse.

These developments have led investors to seek avenues to participate in this new asset class.

NFT Labs, recently announced that their flagship brand, “ItsMyne,” had raised 2.2 million dollars from investors wanting to participate in their “Reddit meets OpenSea” business model. Interestingly, since that time, Reddit itself has announced that it will be assigning a Karma point value to its users. It is largely considered that this Karma point system is a precursor to Reddit’s own entry into the MetaVerse.

Challenges Facing ItsMyne

Despite the obvious differentiator that ItsMyne brings to the table in terms of adding a social layer to an NFT marketplace, it is clear that the market is getting crowded. True to its social-layer DNA, ItsMyne is not just adding a social layer to the product, but also to how it runs its business.

Community Means Everything

In the world of digital assets, the greatest asset is emerging to be the community that a project manages to build. In some ways this is similar to the “brand” that was the holy-grail for marketers of the previous generation. Keeping in line with this, ItsMyne is creating an army of volunteers that will understand ItsMyne offerings and use their personal social clout to spread the word. All of this in a non-spammy way, and restricted to close-knit circles. With this approach, ItsMyne hopes to reach the consumer without spending a penny on advertising.

Speaking about this approach, founder Atharva Sabnis had only this to say, “Community, Community, Community, and if I missed saying it, I would like to say, ‘Community’.”

Note: ItsMyne is a brand of NFT Labs, Inc, a company incorporated in the Virgin Islands (British). ItsMyne is the creator of the BEP-20 MYNE token.

CONTACT:
Atharva Sabnis
EMAIL: atharva@itsmyne.club
PHONE: +917030461396
WEBSITE: https://itsmyne.club/

SOURCE: NFT Labs Inc

View source version on accesswire.com:
https://www.accesswire.com/672711/ItsMyne-By-NFT-Labs-Gains-From-Growing-Interest-in-NFTs