“Why NFTs” – A list of use cases
NFTs enable: * Digital ownership * Transferability * Permanent data storage Use cases for brands & creators: * Community building * Co-creation * Verifiability & provenance (e.g. for watches) * Monetization of IP * Verifiable rarity (e.g. limited collections) * Loyalty Use cases for users: * Collect rarity * Utility in an ecosystem (e.g. virtual land; coupons; loyalty points; etc.) * Accessing (e.g. ticketing, proof of attendance) * Belonging to a community (e.g. membersh
Last updated January 19, 2023
NFTs enable:
- Digital ownership
- Transferability
- Permanent data storage
Use cases for brands & creators:
- Community building
- Co-creation
- Verifiability & provenance (e.g. for watches)
- Monetization of IP
- Verifiable rarity (e.g. limited collections)
- Loyalty
Use cases for users:
- Collect rarity
- Utility in an ecosystem (e.g. virtual land; coupons; loyalty points; etc.)
- Accessing (e.g. ticketing, proof of attendance)
- Belonging to a community (e.g. membership passes)
- Self expression, identity, social status
- Participation & ownership in projects & brands
- Verify provenance of products
- Trading & re-sale
- Managing permanent records (e.g Soulbound tokens)
- Crowdfunding
Bottom line for brands & creators:
- Increase brand awareness
- Increase customer loyalty
- Increase customer engagement
Applications:
- FinanceAm
- Marketing
- Gaming
- Social
- Music
- Art
- Fashion
- Education
- …