MetaMAFIA is a cryptocurrency project focused on building a community platform for NFT enthusiasts. The project's native token is MAF.^[2][6]

Overview

MetaMAFIA's mission is to activate cultural and artistic "cartels" (communities) where users can create and sell their value as NFTs. The project provides an all-in-one platform that includes NFT minting, trading, and community features.^[1] MetaMAFIA's NFT card system is a new blockchain platform structure presented by METACOOP that combines the DAO system, which determines the direction of the platform through voting, and the NFT system.^[6]

Key aspects of the MetaMAFIA ecosystem include:

• NFT minting capabilities allowing anyone to create and sell their own NFTs
• A peer-to-peer NFT marketplace for trading
• Community spaces called "cartels" with various social features
• A mobile app for iOS and Android
• Integration with multiple blockchain networks including Klaytn

The project aims to merge cultural and artistic industries with the NFT sector, capitalizing on the evolving digital asset landscape.

Technology

MetaMAFIA operates on the Klaytn blockchain, with the MAF token implemented as a KIP-7 standard token.^[1] The project provides the following core technological components:

Cartel

Cartel is a community-based platform that provides a variety of information-sharing across all cultural/art fields. It consists of Cartel Stories, Announcements, General Bulletin Board, etc., and member levels can be set to allow the posting of articles, images, and videos (streaming) that match the corresponding authority. Through the sponsorship service, users can charge bullets and directly sponsor the cartel of their choice.^[6]

Launchpad & NFT Market

The platform includes a peer-to-peer NFT trading marketplace where users can buy and sell NFTs to generate revenue.^[6]

Wallet

MetaMAFIA provides an integrated wallet that supports multiple cryptocurrencies, including MAF, REAP, ETH, KLAY, and MATIC. It also supports swap functions and member-to-member gifting functions that do not require fees.^[6]

Mafia TV

Mafia TV is a dedicated service for video content and supports the method of watching registered videos directly (streaming). Content is divided into series and short stories, paid and free content, and paid content can be used after charging bullets.^[6]

Tokenomics

The MetaMafia platform utilizes MAF tokens and Bullets as its primary payment methods. MAF tokens are issued by MetaCoop and serve as the default currency for transactions, NFT purchases, content subscriptions, and governance voting within the ecosystem. Bullets, exchangeable with KRW, are used within the cartel.^[6]

Membership NFTs, known as Character Cards, are categorized into Music, Art, Fashion, Influence, and special A-grade cards. These cards grant membership for cartel activities and offer benefits like ownership and secondary creative rights. Initial issuance includes 2,400 general and 400 special cards, totaling 10,000.^[6]

Holders of Character NFTs receive support for NFT issuance, creative activities, and access to offline events like exhibitions and meetups. Additional benefits include free or discounted entry to NFT exhibitions and private DJ parties.^[6]

Token Distribution

The official name of the token issued by MetaCoop is MAF Token, and the abbreviation is MAF. MAF Token is the basic means of transaction and reward used on the MetaMafia platform. The total issuance of MAF Token is 500 million, and the token distribution is as follows:

• Foundation Reserve: MetaCoop owns 16% of the total issued amount for inflation control, ecosystem supply, and incineration according to the condition of the MAF token and the operational status of the MetaMafia project and business status.
• Mining Reward: MetaCoop has set the mining amount paid as a basic reward at 20% of the total issued amount to increase the sales of successful NFT character cards and participation and activation of the MetaMafia project.
• Token Sale: The token sale amount for initial investors is 8% for public and private sales. It can be utilized in various ways in MAF token solutions such as exchange listing and solution payment tokens.
• Team and Advisor: 8% of the tokens are set to be used for advisors, partnerships, and affiliates so that MetaCoop, which works to operate the platform, and the ecosystem of MAF tokens can become a more complete ecosystem.
• Early Contributors: 10% of the total issuance was allocated to early contributors who contributed greatly to the initial activation and settlement of the Mafia project, excluding the team and advisors.
• Marketing: 16% of the total issuance was allocated for global marketing purposes to promote the MetaMafia project. It will be used for various online/offline marketing purposes to activate the platform, such as events for users, and to increase brand awareness.
• Activation of the MetaMafia Project Ecosystem: 10% of the total issuance was allocated as the amount to be used to support performances and creative activities to activate the cartel within the MetaMafia platform.^[6]

Partnerships

MetaMAFIA has established partnerships with several projects and organizations in the blockchain and entertainment industries, including:

• IQ.wiki
• REI Network (GXChain Global)
• DeGame
• SoonVerse
• PoP Planet
• 4Metas
• Digibuy

Other notable partners include the Korea Entertainment Producer's Association, the Korea Music Content Association, and various media/entertainment companies.^[1][4][3]

Team

• Il Seok Im
• Hyung Yun Lee
• Gi Jeong Choe
• Yong Kim
• Myeong Gyu Hyeon
• Hyeon Han Noh
• Hang Gi Min^[6]