Corra.Finance 1.0: Product Discovery
Summary: Below is a quick update regarding Corra’s community growth, as well as a product guide for Corra 1.0.
Corra.Finance was announced on March 23, 2021. It has been less than 2 months, but we’ve managed to make some good progress on community growth and product. Below are some numbers on our community growth:
Project Start Date: March 23, 2021
Telegram Group: 32,124 Members
Twitter: 47.3k Followers
We announced our Product 1.0 just 3 days ago. We called Corra 1.0 the “Product Discovery” stage, because we introduced a new concept of monetizing digital content using NFT technology. More specifically, we’re bringing NFT into the social media use case by introducing the idea that you can monetize your Facebook posts, Instagram photos, and Tik Tok videos.
Below is a guide that attempts to show you how to monetize your Instagram photo on Corra.Finance. We will be using our Founder’s Instagram account to showcase how this works.
Step 1: Go to corra.finance.
Step 2: Click on Create NFT.
Step 3: Log in with your MetaMask Wallet. This is where you will store your NFT, so your account login is linked to your wallet. If you do not have a MetaMask account, click here and follow this guide or watch this video to create your MetaMask account.
Step 4: Once you’ve signed in with your MetaMask account, click on Create NFT.
Step 5: This is where you design your NFT. A preview of the NFT is on the right side of the screen.
Under Category, select the type of NFT you are creating. In this case, I’m choosing Photo because it’s an Instagram photo. Enter a title and make sure the spacing aligns with what you want in your NFT. Here I added a few “ — — — ” to help with the spacing, but you can be creative with the design. Just remember that you are selling this to the public, so make it presentable.
Step 6: Are you the original creator of the photo? If you aren’t, select No and move on. If you are the original creator of the digital content, select Yes and additional information will be required for proof.
The best way to prove that you are the original creator is to take a screenshot of your Instagram profile with “Edit” features. See below for some examples:
If needed, mark your screenshot with arrows or text to clearly illustrate your point. Remember, you are selling a product, and you are trying to make a point, so be convincing! If you are posting multiple Instagram photos on Corra, you can use the same screenshots to show that you’re the original creator.
Add the URL link to your photo on Instagram. Remember, if you are sharing a link, make sure your profile is public so others can view it.
Here’s what it looks like after we posted the screenshot under Supporting Documents:
Step 7: Add a description to your NFT. Remember to check the preview before you post anything.
Step 8: Add a starting price for the auction. If you’re unsure of how much your NFT is worth, look at the homepage to see if you can find similar products and compare prices. Remember, it is always good to start low and work your way up.
Step 9: Add a time for your auction. The time is basically a countdown. Once the time goes to 0, the person with the highest bid obtains your NFT and your money will automatically be transferred to your MetaMask wallet. If no one buys it after the timer ends, it will expire.
Please note you will be charged 10% commission and ethereum gas fee if the transaction goes through. Otherwise, it will not cost you anything to create and post NFTs on Corra.
Once you are ready, double-check your preview, and click List this NFT.
Step 10: Wait for a few minutes to get approved. If your NFT is approved, you will see a red dot beside your notification.
If your NFT is rejected, it will show why. You can re-submit by going to My NFT and clicking on Edit listing. Note that you can also view the status of your NFT.
Once your NFT has been approved, your status should say View Listing.
Share it with your friends and get them to upvote your NFT by clicking on the upvote button (rocket) in your NFT. The more upvote you get, the higher your NFT will be ranked and the more visibility you will get. Treat it as a marketing expense. If you selling your NFT for 100 USD, maybe is worth spending $10-$20 on marketing expense.
You can also obtain an upvote by spending CORA token. It is 0.01 CORA per upvote. The more CORA token spent on upvotes, the more likely your product will get viewed and the sooner your product will get a bid. Popular NFTs with lots of upvotes will also get featured for a limited amount of time.
Step 11: Confirm by sharing the link of your NFT from Corra onto your Instagram photo by commenting on yourself with the URL. This will confirm that you are the owner of the NFT since you are the only one who can make that comment on Instagram. When others search your supporting URL, they will see that you’ve confirmed by sharing the link with your friends and followers.
Now that you have learned how to launch an NFT on Corra.Finance, make one yourself, and share it with your friends and followers.