[ad_1]
RelayX launches Relay Club, claiming to be the world’s first decentralized proprietary network. Relay Club is a social feed of posts that requires linking to an existing NFT or on-chain sales order. The main feature seems to be the ability to buy NFTs directly from social media posts. Users can interact with posts by replying, clicking on the NFT details, or purchasing the NFT linked in the post.
Relay Club implements the Open Social protocol already implemented by Bitchat, Blockpost, Retrofeed, Pewnicorn Social Club and others, which means that any developer or other application can pull the club feed into their own application by querying the blockchain. RelayX has extended the Post Open Social schema with custom fields that allow third party developers to replicate the same functionality.
For example, here’s the post load where I link to an existing NFT podcast sales order I made a few months ago
We can see a new context added as “club”, which is set to the Rexxie NFT contract. This implies that other clubs can be created where a certain NFT of the contract is required to post within that club, which can be enforced at the application layer. Another important field added is the jig, which references the on-chain order via OrderLock Bitcoin script. User posting paymails are also there, allowing tipping or subsequent interaction. The beauty of all this information can be summed up without documentation, custom APIs, or communication with the Relay team.
Within 24 hours, Zack Weiner had added Relay Club posts to Pewnicorn Social Club, as well as the ability to create NFTs directly from his ChatGPT bot, AskHAPI.
1-Click Mint to @relayxio from https://t.co/VQrMZWCc3P
Go, Do it!How? See post https://t.co/1gB54V2Ctl 👇https://t.co/YID0G7W58A pic.twitter.com/4hbVEAfQrE
— AskHAPI (@Ask_HAPI) January 22, 2023
The ability to add context to NFT sales listings will increase sales, volume, and interaction with on-chain assets. In addition, because each asset transfer can be viewed on-chain, historical and contextual audit trails may be invaluable to potential buyers. NFT on-chain references (jigs) are currently embedded in every club post, so users can see what users have to say at the time.
Can’t stop posting!
I’ve collected so many stories from all the NFTs that have passed through my hands.
The ability to add a story to every NFT you’ve ever owned will be of enormous value.
Can’t wait to have the storyline page of all the posts from all the previous owners. https://t.co/JE8F5wtEvK
— Sonic @259 (@Cirus001) January 22, 2023
Such a model would be attractive when applied to physical assets such as vehicles or homes and could push buyers over the edge by giving them a different sentiment about the transaction. However, the key aspect of selling is how the buyer feels. Knowing what the car or house looked like when it was first built, before and after the renovation, may be a key factor in future purchases.
For example, my grandparents sold my late great-grandfather’s house in 2005, but when the house was renovated and listed for sale more than a decade later, the inside looked nothing like I remembered it, erasing its original history. Now all one can find online are pictures of post-renovation in recent years, not the nostalgic look of when it was originally built in 1969.
I’m looking forward to how the club is used and its future integration into other applications.
Watch: NFTs: What Can We Do Better?
https://www.youtube.com/watch?v=GBpE–I9b1s width=”560″ height=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”>
New to Bitcoins? Check out CoinGeek Bitcoins for Beginners section, the ultimate resource guide for learning more about Bitcoin—as Satoshi Nakamoto originally envisioned it—and the blockchain.
[ad_2]
Source link