This week finance.vote, the decentralised organisation that produces governance dApps for DAOs, declared its first significant partnership with the groundbreaking new fan engagement platform – Olyseum.
Olyseum is the blockchain-powered social ecosystem which strengthens the relationship between fans and stars through Non-fungible Tokens (NFTs). This partnership announcement comes as Olyseum prepares for the approaching launch of its highly anticipated star-led NFT platform, place to be released in the forthcoming weeks.
Finance.vote specialise in quadratic voting technologies and cost discovery, using a prediction market, a decentralised auction house plus a package of gassless multi-chain voting tools made to update governance round the DeFi space. The finance.vote dApp package is the decision making tool kit for the long run of decentralised finance. It is regulated by FVT holders, who restrain our roadmap, financial policy and the funding of the system.
Finance.vote will work together with the Olyseum group as their official DeFi and Governance infrastructure partner, encouraging them in building their decentralised exchange marketplace, price discovery mechanisms, and influence based fan democracy.
NFT Auction and Price Discovery
The upcoming launch of Olyseum’s new new NFT market group will basically redefine the NFT landscape. Olyseum will be one of the first partners to use finance.vote’s soon to be published decentralised auction house.
Utilizing finance.vote’s Binary Search Auction layout, which concentrates on discovering the optimal price for extremely rare and higher value NFTs, Olyseum will deliver a distinctive series of NFT drops which will signify a’first in the world’ type of NFT. Finance.vote will also work closely with Olyseum at the design of the new brand of NFTs, encouraging them in developing a mechanism to permit for NFT trading.
Olyseum’s revolutionary new brand of NFTs will probably be reverted with Olyseum’s native utility token’OLY’ and given their goal valuations. Users will require access to large quantities of tokens.
Currently, the OLY marketplace has very limited thickness, with only 4 thousand OLY tokens available from the Uniswap marketplace. Olyseum will utilise a mix of the auction.vote exponential token auction, yield.vote liquidity mining, and token staking functionality to bootstrap pools throughout a selection of decentralised exchange places.
Fan Democracy
Following on from the current influence.vote evaluation on the London Mayoral Elections, finance.vote will partner with Olyseum to construct a v2 of influence.vote that is tailor-made for fan participation and seamless integration into the Olyseum platform and social media technologies.
Olyseum’s growing roster of stars who have enormous social media reach, will be the test bed for a new NFT based social token governance system which will allow stars to take part in societal consensus games using their greatest fans.
Fan democracy will utilise social tokens for example NFTs to achieve consensus with their lovers and construct the content they want.
Olyseum is the first in a wave of cutting edge products which will utilise finance.vote’s dApp package. Using bank.vote, auction.vote, yield.vote, and now influence.vote, Olyseum will be the first significant project to adopt and showcase the far-reaching potential of the finance.vote ecosystem as a significant participant in DeFi infrastructure.
By embracing the finance.vote dApp package, DeFi and jobs such as Olyseum can construct a token economy and governance ecosystem, whilst focusing on their usage cases and driving adoption to their products.
Commenting on the announcement, finance.vote founder Dr. Nick Almond explained:
“It was only a matter of time before the Cryptospace would change how celebrities participate with their fans on the internet. With this partnership, we will bring our expertise in governance and token economics design to the Olyseum ecosystem, so ensuring our governance infrastructure has been tailored to a few of the most vast and exciting of markets — that the fan engagement space.
“This partnership announcement comes in an extremely significant juncture at Olyseum’s journey, as we prepare for the imminent launch of our new star-led NFT platform. The finance.vote group shares our vision to drive innovation over the DeFi and rapidly expanding NFT spheres, and given the natural synergies between Olyseum and finance.vote, we are well positioned to make significant headway in the near term on some very exciting endeavors .”
Summary
Olyseum signifies a new development of the way that blockchain technology could bridge the participation gap between actors and their lovers, combining cryptocurrency, NFTs, and decentralised governance. It is a partnership which showcases how finance.vote will become the consensus coating for DeFi. Not only will this partnership create a foundation for Olyseum’s nominal economics and governance, but it will also induce DeFi creation into mainstream culture.
It isn’t provided or intended to be used as legal, tax, investment, financial, or other information.
