Author Topic: How can businesses use NFTs?  (Read 3557 times)

Offline ValentinePerry

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How can businesses use NFTs?
« on: July 25, 2023, 04:12:03 am »
There are many ways businesses can use NFTs. Much of this depends on the business model and what they are trying to accomplish. One way for businesses to use NFTs is for loyalty purposes.

Let me give an example of a business that is using NFTs to gain customer loyalty. The name of the company is Special K Glass and they have been in business since 1999. They specialize in glass blowing and typically sell bongs. In fact, they are the biggest bong seller in the state of Oregon.

Here's what they are doing to utilize NFTs.

Mint 10,000 NFTs and make a 5 tier system.
Each tier will give additional benefits compared to its lower tier.
The highest tiers have all of the benefits of the lower tiers.
The lowest tier gives access to a members only website with unique giveaways. Tier 2 gives a 50% discount on all products. Tier 3 provides the “forever bong” a durable bong that is replaced if broken (no questions asked). Tier 4 allows customers to buy custom artwork and Tier 5 gives in person glass blowing lessons.
Customers get the benefit of an exclusive club that is limited according to the NFT holders and the business receives the money upfront. And if the customer gets tired of the business they can sell the NFT to someone else. Pretty cool!

Offline AlexTaylor

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Re: How can businesses use NFTs?
« Reply #1 on: July 30, 2023, 04:05:27 am »
Of course, there is money to be made on cryptocurrencies and all things new, and so especially the NFT market has significantly reduced investor confidence. Unfortunately, fraud in the NFT industry is hard to avoid and it undermines global trust in the ecosystem. Now projects like this service are being created, thanks to the experts of which a trust standard is being developed, as well as the ability to verify the uniqueness and authenticity of NFT tokens.

Offline sopperfoon4

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Re: How can businesses use NFTs?
« Reply #2 on: February 14, 2024, 05:07:58 am »
Of course, NFT is a very profitable and repressive area. We are just beginning to realize the potential of this kind of tools. Therefore, specialists in programming, design, and image processing will be increasingly valued. In addition, vector images and innovative products in these areas are increasingly being used. It is difficult to overestimate the positive properties of vector images and their applications (biker girl images). This is the future.

Offline disha8

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Re: How can businesses use NFTs?
« Reply #3 on: August 19, 2024, 01:01:16 am »
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