TechFlow news, on August 13, MEET48, the world's first AIUGC and fan economy ecosystem community focused on entertainment, announced plans to permanently burn 23,472,000 IDOL tokens, approximately 0.489% of the total IDOL token supply and 2.6% of the circulating supply. This IDOL token burn aims to reduce overall supply, enhance token value, and further strengthen the MEET48 community.
Previously, MEET48 hosted the first WEB3.0 All-Community Annual Idol Popularity Audition & Ceremony (WIPA) in Hong Kong, partnering with China's major youth female idol group SNH48 GROUP to introduce blockchain mechanisms into the idol selection system for the first time. The event collected over 78 million IDOL tokens, accounting for 1.63% of the total IDOL supply, setting another historic milestone in Web3. As an innovative pioneer in the Web3 entertainment industry, MEET48 is reshaping the global idol industry and fan economy through blockchain and AI.
