Revolutionizing Payments: Influencers Can Now Trade Content for Dining and Spa Experiences!

N-Ninja
4 Min Read

“`html

Max ​van Kuyk
Maximiliaan Van Kuyk, co-founder‌ of OTH Network.

  • A new card from OTH Network‌ is gaining traction ⁣among influencers for redeeming products and services.
  • This fintech ​platform​ tailored for influencers utilizes AI to connect brands with creators.
  • After producing sponsored content, ‍influencers can utilize their earnings directly at participating businesses.

A fresh ​card ‌designed specifically for influencers is making waves as they swipe ‍it at various restaurants and‌ retail outlets to claim products and ​services.

The ‍card is part of the OTH ⁢(“on the house”) Network, ⁣a fintech platform that focuses on influencer marketing. This innovative service employs‌ artificial intelligence to track brand-related content and facilitate​ connections between creators ​and marketing‌ opportunities. Influencers leverage the OTH app to access offers from local establishments. After generating sponsored posts, they can​ spend ⁤their earned credits in person ⁣at these businesses.

This exclusive platform‌ operates on a waiting list ‍basis; interested influencers must apply by providing details such as follower count, niche content area, and ‌geographical location.​ Upon approval, successful applicants receive an elegant black-and-gold card resembling a loyalty card that allows them to redeem‌ various offerings in-store.

Notable partners include Sushi Bar in Miami, Flowrbombr Skincare in Los Angeles, and Footnanny Nail Spa in Beverly Hills—all of which have collaborated with OTH for influencer-driven campaigns.

Founded in 2020 with its app and card launching ​in 2023, ‍OTH represents an evolution of traditional influencer gifting ‍practices. While brands often send free products hoping for‍ social media exposure from influencers—often ⁣resulting⁣ in inorganic promotions—OTH‍ aims to refine this process through ​its AI-driven application while adding​ an ‍element⁣ of exclusivity via its physical cards.

“We observe that many influencers receive numerous‌ packages daily just to‌ showcase ‍them online,” remarked ​co-founder Maximiliaan Van Kuyk regarding conventional gifting ⁤methods. “However, this approach feels quite ​artificial.”

According to Business Insider’s report by Van Kuyk, the platform⁣ currently boasts over 3,000 active‍ creators along with more than 90,000 ⁢applications worldwide. In ⁤the United States alone, it serves cities like Miami, ⁣Los Angeles Chicago Las Vegas New York City—with plans for further⁢ expansion into additional markets. Initially focused⁣ on hospitality ​sectors before branching into wellness⁣ beauty fashion‍ domains—the company maintains strict entry criteria aimed‌ at attracting top-tier creators within each operational‌ city.

Understanding Partnership Dynamics within OTH Network

The ‍typical engagement model requires participating ‍influencers to​ produce two pieces of content—such as Instagram stories reels or‍ TikTok videos—that prominently feature themselves alongside‍ the ⁢restaurant or product being promoted.​ They⁤ then upload this material onto the OTH ​app where‌ advanced AI technology assesses ⁢its‍ quality before approval‍ occurs.

Once approved by both parties involved—the influencer may ⁢share their creation publicly while allowing businesses ​access rights​ so they can utilize said content across their own marketing channels ⁤effectively!

Van ​Kuyk explained how revenue generation occurs primarily through merchant fees although ⁤he refrained from disclosing specific details about pricing structures or business ‍models employed by his organization thus far!

The​ use of ‍AI combined with third-party​ systems​ enables thorough vetting processes ensuring applicants are devoid of bots fake followers low engagement rates etc.—as brand safety ⁣remains paramount! Brands‌ prioritize audience ​authenticity aesthetic alignment when‌ selecting suitable candidates according To van kuyks insights shared ⁤during interviews conducted post-acceptance phase where potential collaborators engage‌ directly via calls ⁣arranged ⁢through creator ⁢teams established internally!

Read more about this topic on ⁤Business Insider

Source
“`

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *