AMA with Inspect Team! A one-stop social analytics platform!
Community
2023-12-27

Hello CAKE holders! 🥞

We will have the next IFO with Inspect on December 20th. We held an AMA (Ask Me Anything) with Mike from Inspect Team to get to know the project more! If you missed participating in the AMA, read this article and learn about their project!

Opening Words from Inspect Team

Mike: My name is Mike and I am the CMO of Inspect. I play a vital role in developing and implementing marketing strategies to drive growth and success for the company.

As a brief introduction, Inspect offers advanced Web3 Social Intelligence tools for both cryptocurrency and NFTs. We’re focused on connecting users to communities to keep an eye on their growth and bringing you insider info on the big names in the industry. It's a one-stop social analytics platform, designed to keep you informed and ahead in the fast-paced world of Web3.

Let’s begin with the Questions!

[Q1] Could you provide an overview of what Inspect is and detail the specific market challenges it addresses?

Sure, happy to explain! So, Inspect's got two main tools: a web app and a browser extension. Both are powered by advanced AI tech that gives you the lowdown on market trends for NFTs, crypto, and DeFI.

First up, our web app. Think of it as your go-to for keeping tabs on what's buzzing in the NFT world. We analyze social sentiment, focusing on which NFT collections and Twitter profiles are gaining traction. Our 'global reach' metric ranks these, helping you quickly spot the major influencers and top collections.

Then there's our Chrome extension. This one's a game-changer for Twitter users. It’s like having a mini trading station right in your Twitter feed. You get all the important stuff - token info, news, and more, without leaving Twitter. Plus, we’re adding trading features soon. Just hit the 'Inspect' button on any Twitter page, and you'll see what I mean.

Inspect addresses a significant challenge in the Web3 world: the overwhelming and often unreliable flood of information. Our platform provides a centralized, accurate source for evaluating projects and market trends. This is particularly advantageous for newcomers, helping them to navigate the cryptocurrency market confidently and make informed decisions.

[Q2] Building on that, can you dive a bit more into how Inspect's browser extension is enhancing the experience of Twitter users with crypto analytics? How does it simplify their access to information about NFTs, crypto, and DeFi directly within Twitter

At Inspect, our vision is to seamlessly integrate crypto analytics into social networking, particularly on platforms like Twitter. We're essentially combining the functionality of a platform like Debank with the vast social network of Twitter. Imagine not having to jump between different sites or Google searches to get information on crypto activity, NFT collections, and fungible tokens. That's what we're making a reality.

Our extension is designed to bring analytics directly to you while you're on Twitter. You'll be able to access real-time data and insights on NFTs and fungible tokens without ever leaving your Twitter feed. This integration is about more than just convenience; it's about creating a more interconnected experience between social networks and the crypto world. We believe that by bridging this gap, we can make crypto more accessible and understandable for a broader audience, enhancing user experience and engagement in both the social and crypto spaces.

[Q3] Can you tell us about the $INSP token, its utility within the Inspect ecosystem, and how it drives user engagement and demand?

Certainly! The $INSP token is integral to every facet of the Inspect ecosystem. It's more than just a governance tool; it's deeply woven into all our platform features and user experiences.

As a multifunctional token, $INSP serves several critical roles. It's a key payment method within our ecosystem and acts as an incentive for community engagement and contributions. This multifaceted utility encourages widespread adoption and active use of the token, directly contributing to the growth and vitality of Inspect.

Now, let's talk about immediate utility and demand. A prime example is our Inspect Pro feature, which is already live. Inspect Pro offers advanced wallet analytics in a user-friendly format, catering to a wide range of users, from casual enthusiasts to seasoned experts. It transforms complex data into understandable, actionable insights. Currently, Inspect Pro is open to all users, but post-launch of $INSP, it will become an exclusive feature for $INSP token holders. This approach not only enhances the value of the token but also generates ongoing demand for it.

Building on this, our user base's growth further complements the $INSP token's role. Having attracted over 300,000 users in just two years, we're seeing a real interest in our platform. This growing community lays a promising foundation for the $INSP token within Inspect.

[Q4] Can you share more about the successful closure of your recent funding round and the high-profile strategic partnerships you've secured, including with leaders like the CEO of 9gag and Alex Becker, as well as major Layer 1 platforms? How do these collaborations position your project uniquely in the market and contribute to its vision?

Absolutely, I'm thrilled to talk about our recent achievements. We've successfully closed a significant funding round, which is a testament to the confidence and excitement surrounding our project. But what's truly exciting are the strategic partnerships we've formed.

We're collaborating with some of the biggest names and companies in the industry, including the CEO of 9gag and Alex Becker, alongside major Layer 1 platforms. These partnerships are more than just endorsements; they're collaborations with seasoned builders and visionaries in the tech and crypto spaces.

These alliances bring a wealth of experience, resources, and network opportunities. For instance, the CEO of 9gag brings insights from a massive online community, while Alex Becker's expertise in marketing, crypto dynamics, and crypto gaming is invaluable. The partnerships with major Layer 1 platforms open doors to technological advancements and integrations that can scale our project to new heights.

Together, these collaborations position us uniquely in the market. They're not just about adding names to our project; they're about weaving a tapestry of expertise and innovation. This puts us in a strong position to build something truly special and groundbreaking, aligning with our vision of reshaping the industry and offering unique value to our users.

[Q5] Can you share some insights into the future developments at Inspect? What exciting features can users look forward to?

Absolutely, there's a lot to look forward to at Inspect! We're proud to be the first Layer 2 built for X, and we're leveraging this unique position to bring even more innovative features to our users. Soon, we're introducing a swapping mechanism and an on-ramp feature that will allow users to effortlessly enter the crypto world using a credit card, all within the Twitter interface. This will significantly streamline crypto access.

Moreover, we're working on extending our reach with the development of a mobile app and a Telegram bot, making our tools even more accessible. These projects are just the beginning of what we have planned, and we'll be sharing more details soon.

Live Q&A Session

Q1: How does Inspect make Twitter cooler for crypto fans? Like, can you explain how it helps them easily find out about Crypto, NFTs, and DeFi right on Twitter? And are there any cool tricks users might not know about yet?

So Inspect essentially turns users' Twitter into a Web3 trading terminal by offering all the necessary information to users when seeing token pages such as where to buy, news, price action, etc this allows for seamless information access and saves users a lot of time when researching tokens.

A feature that is often overlooked is the community breakdown of each project allowing you to see the top profiles within each community This feature is particularly useful for understanding the dynamics and key influencers within communities. This is beneficial as identifying leading profiles allows you to gain insights into the trends, preferences, and content that resonates most within that community making it helpful for networking, marketing, or simply for understanding the community better.

Q2: Inspect is the tool designed to enrich the experience of the crypto community in the web3 world. Based on this, do you have plans to expand to other Web2 social networks to meet the needs of users and facilitate the arrival of Web3 to the world?

That’s a great question in terms of mass adoption our main objective is to set up the Inspect tool suite to offer an accessible and informative gateway for crypto newcomers and those looking to deep diver new markets We aim to simplify the complex crypto landscape by guiding users to the top thought leaders and standout projects in the field. Our goal is to make the entry into the world of crypto as seamless and insightful as possible.

Q3: How does Inspect engage with the broader Web3 ecosystem? Are there any partnerships or collaborations that have been established to enhance the platform's capabilities further?

That has been our core focus during 2023. Our platform is used only to highlight ETH and SOL ecosystems. We have now partnered with multiple other layers 1's such as Cardano, AVAX, polygon, and more. It has helped us a lot in expanding our reach in web3.

Q4: The Ethereum network has so many gas fees. Do you have any ideas about multichain development?

We definitely have this on our roadmap and it's actually something we might publicly update very soon.

Q5: Revenue is essential for all projects to survive and maintain the project. How do you guys generate revenue?

can give many examples of planned revenue streams, but I'll share my favorite one so far.

As you may have seen, we announced our acquisition of makeitaquote network of accounts yesterday.

Makeitaquote gathers millions of impressions every month, and we see that as an opportunity to do sponsorships as a b2b revenue stream.

This means other web3 projects can have their branding for a determined amount of time to get their brand in front of a new audience.

We'll be rolling out this in a few days, and we have a lot of demand lined up for it already.

Inspect Quiz!!

The Inspect team prepared a few questions in a form. Users had to fill their public wallet address (not your private keys), Answers and Telegram/Discord username. Some lucky users who answered all correct have received a reward!

If you want to participate in this kind of events, follow up in our social channels to find out when the next AMA will be!

Final Words from Inspect

Thanks for the fun AMA guys - had a blast!

I would highly encourage you guys to follow us on X to stay updated on most current updates - we have alot of exciting stuff in the works

https://twitter.com/inspectxyz

Thank you guys ❤️


That’s all from AMA! It was a very informative Q & A session.

Keep an eye on our socials to don't lose any of this events!

The Chefs 🐰

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