Fautor, an Web3 initiative by Fantries, aims to transform the creator economy within Web3 through blockchain technology. The Fautor Foundation's Neo Fan Trackers (NFTs) seek to provide a new approach to the fandom experience.^[1][2]

Overview

Fautor, led by CEO June Lee, is a fan business platform on the Klaytn chain, established in the third quarter of 2021. Formerly known as Fandom, Fautor operates the Fantrie app, which offers subscription-based content and plans for a crowdfunding platform for creators and fans.

Fautor aims to redefine the creator economy with blockchain technology. The platform introduces Neo Fan Trackers (NFTs) to enhance the creator-fan community experience. Creators on Fantrie issue NFTs to manage and develop their fandoms, supported by Fautor's management tools.

Since its launch in March 2021, Fantrie has attracted 700,000 users and over 1,000 creators, focusing on maximizing creator revenue. Transitioning to Web3, Fautor continues to support a creator-fan economy, with its name meaning "supporter" in Latin.^{[1][2][3][4][5]}

Products

Pocket

Fautor offers NFT services through the Fantrie wallet feature, Pocket, intended to enhance the creator-fan economy. Pocket aims to seamlessly integrate all users, including creators, into Web3, avoiding forced conversions.^[1][3]

Pebbles

Fautor offers Pebbles, NFTs issued by creators, aiming to provide exclusive content access and facilitate Web3 integration. Pebbles are limited-edition content services, minting NFTs when creators upload content for sale. Creators set the sales period and issuance volume, and fans purchase NFTs to access the content. Over 51,000 Pebbles tokens have been minted, with an average of 80 tokens sold daily.

Fautor aims to expand creators' reach into Web3 through NFTs on Fantrie. An NFT wallet within Fantrie supports various whitelist events, and Fautor is developing a system for creators to form fandoms and collaborate with Web3 projects.^[3][6]

Comp

Fautor introduces Comp: Creator cards, which aim to provide fans with exclusive NFTs capturing creators' memorable moments. These cards, published under the Comp brand, serve as collectibles that fans trade to complete their collections, generating fees for creators with each transaction. Comp cards are categorized by rarity classes, and Fautor supports fans in organizing and managing their collections.

Comp cards are exclusively available through Fantrie, utilizing FTR tokens for transactions. The Genesis Pack, launched on March 25, 2024, sold out within 30 minutes of release.^[1][3][7]

Secondary Trading

Fautor offers a feature enabling secondary trading of NFTs within the Fantrie platform, aiming to enhance the Web3 experience for fans.^[3]

Tokenomics

Fautor Token ($FTR)

Within the Fautor ecosystem, the FTR token operates under the ERC-20 standard with a total supply capped at 2,500,000,000 tokens. It functions as a multichain asset, compatible across Ethereum, Avalanche, Binance Smart Chain (BNB), and Internet Computer Protocol (ICP). FTR tokens are native to the Fantrie ecosystem and are primarily used for voting purposes within the platform, enabling community participation in governance and decision-making processes.^[1][8]

Allocation

The distribution of FTR tokens within the Fautor ecosystem is structured as follows:

• Team: 15% (1-year lock, 36-month vesting)
• Investors: 15% (5-month lock, 24-month vesting)
• Advisors: 5% (6-month lock, 36-month vesting)
• Foundation: 15%
• Treasury: 15%
• Ecosystem: 15%
• Community: 35% (vesting over 35 months for use in airdrops, listings, treasury, liquidity pools, marketing, and grants)^[1]

Voting

Fautor facilitates a voting system where fans participate in deciding the cover model for COMP cards. Fans show support for creators by voting using FTR tokens. After the voting process concludes, the FTR tokens used in the voting are burned.^[1]