Influencers produce content that turns into NFTs for the marketplace. 60% are sold to investors, 20% are given to Elimobile and another 20% are given to the influencers who created the content, thus including them in the reward system.
What’s important to remember is that the NFT industry hasn’t been around long but is now mammoth in size and value. This is why many cybercriminals have chosen to target this market to exploit unsuspecting victims and their precious NFTs.
Flow was originally developed by Dapper Labs, a Fast Company 2022 Most Innovative Company, and the company behind blockchain game hits like CryptoKitties and NBA Top Shot.
According to the project’s website, the collections from the NFT auction will be donated to three charities—The Voices of Children Foundation, The City of Joy, and Black Mama’s Bail Out.