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ICP.Hub Korea identified Fandomdao, the SocialFi project, and strengthened a strategic partnership earlier this year.
Fandomdao, a web3 socialFi project, aims to engage global fandoms of established and emerging artists around the world.
Since its launch, Fandomdao has acquired over one million users with an excellent overall active participation rate of 95.7%.
ICP recognizes Fandomdao’s remarkable user statistics and highlights its potential impact and significance in the evolving landscape of Web3 social platforms.
At the heart of Fandomdao’s strategy lies the Fandomdao Challenge – an extraordinary initiative that harnesses the collective power of fan engagement and philanthropy.
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By ingeniously aggregating the power of fan voices on favorite topics and cultivating a culture of sharing, Fandomdao experienced an impressive wave, amassing over a million new user signups in a remarkably short timeframe of just three weeks.
Integrating web2 and web3 marks a crucial shift for Fandomdao and ushers in a new paradigm with a fair reward system for decentralized engagement and user participation. Although Fandomdao adheres to decentralization, it recognizes the importance of accessibility.
The platform ensures a user-friendly experience for web2 and web3 users by seamlessly integrating with traditional social logins, facilitating a smooth transition to the web3 ecosystem.
Furthermore, operating as a decentralized platform, Fandomdao allows all participants to claim ownership of their creations, fandoms, and artworks.
This convergence of fan communities, philanthropic efforts and blockchain technology marks the beginning of a new era characterized by community-focused initiatives driven by passionate purposes.
Fandomdao’s potential integration with ICP is promising, as ICP provides users with access to a decentralized blockchain network characterized by high-speed connectivity and robust support for decentralized applications (dapps) facilitated by smart contracts.
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With its infinitely scalable architecture and advanced security protocols, ICP has solidified its position as a state-of-the-art solution in distributed computing. ICP’s robust network creates tremendous synergy to strengthen Fandomdao’s ecosystem.
While the ambition to reshape the internet and reduce the dominance of tech giants like Google and Facebook may seem daunting, it is not unattainable.
Our collective endeavor is to construct an “open and free” web3 realm where millions of computers are connected via protocols.
Fandomdao is committed to maximizing the universality of web3, providing users worldwide with an ideal environment to embrace blockchain technology beyond the limitations of cryptocurrencies.
Through the strategic partnership between ICP and Fandomdao, we are moving towards a more inclusive and impactful fandom experience.
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