NFT Platform OneOf Acquires Blockchain Rewards Company Tap Network


Non-fungible token (NFT) platform OneOf has acquired blockchain rewards instrument Faucet Community to assist massive firms join with their customers in Web3.

As part of the launch, OneOf is launching the OnePlatform, a turnkey choice for firms seeking to increase into Web3 that mixes components of e-commerce, knowledge and loyalty packages.

Faucet Community, based in 2018, permits customers to redeem loyalty factors for cryptocurrencies. It has partnered with firms akin to web browser Courageous, rideshare firm Uber, leisure agency Warner Music Group and extra.

Lin Dai, CEO and co-founder of OneOf, instructed CoinDesk that integrating Faucet Community will assist onboard extra firms and prospects into Web3 through e-commerce.

“The use case of gathering a branded [profile picture] may be very removed from the common client’s life,” mentioned Dai. “What OnePlatform can do is construct a subsequent technology loyalty answer.”

Dai instructed CoinDesk that OnePlatform will embody a multi-signature pockets, permitting Web3 natives and newer customers alike to entry and take possession of their digital identities.

“For enterprise firms, we expect it is a very legitimate step in the direction of decentralization for the corporate to personal their full stack,” mentioned Dai.

OneOf has traditionally been a outstanding participant within the intersection between music, leisure and Web3. In November 2021, it signed a three-year partnership with the Grammy’s to create NFTs for the annual music awards. In February, OneOf introduced on former Warner Music Group CEO Stephen Cooper as a board member, advising the corporate in forging partnerships to strengthen its Web3 presence.

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