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WHAT CAN I DO WITH MY NFT?
Great question! Each NFT and project is unique. NFTs are a technology we can utilize for new and existing use cases. They are not just JPEGs. NFT's can be a digital flex (Bored Ape Yacht Club NFTs were selling for $1M+), a digital collectible, IP rights to monetize, investments, memberships, subscriptions, tickets, loyalty rewards, perks or as the parameters for any contract. Many applications of this technology are still being built, tested, and utilized.
NIL (Name, Image and Likeness)As a former athlete, I am beyond excited for the ability to monetize NIL, especially the BIPOC community.
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Artist Royalties Revenue from secondary sales would be a major win. Our artists don’t have to be starving!
Documents I'm still wondering where my mom put my original important documents. (Birth certificate, passports, titles, etc.). I see you California!
Advertising Owning our own data. Meta, Amazon, and others all have the power today. Regaining the
BY JANELLE PACHECO WINOWICH
ownership will allow us to monetize our digital identities.
Digital Decor I live in NYC, and I am attempting a more minimalist lifestyle (my amazon orders beg to differ). I love being able to give my husband sports-based NFTs for his virtual man cave.
Metaverse digital wearables I became a big fan of lounge wear during the pandemic. I work in a hybrid environment. If I start conducting meetings in the metaverse I will be very interested in digital clothing.
Perks These could include discounts, exclusive drops, events IRL, and virtual events. I love the perks from projects I invest in because I care about their values and purpose.
Token-gating/Ticketing Veecon (a web3 conference held by Vee Friend Founder, Gary Vee) was my first token-gated event where an NFT served as my entry ticket. Sport and entertainment NFT ticketing is a massive opportunity in the future.