NFTs for Small Business: NFT Use Cases (Part 2)
In part-two of the four-part NFTs for Small Business series, Mint-ECell shares how NFTs can benefit businesses in various ways. NFTs can create digital proof of ownership, attendance, and transference, and businesses can use them to offer exclusive access to private communities or special services.
The podcast offers several examples of how different businesses are using NFTs, including jewelry companies offering discounts, Adidas granting exclusive access to streetwear merch, and businesses releasing counterfeit-proof limited edition items. The podcast also suggests creative ways for businesses to incorporate NFTs, such as creating NFT loyalty programs, using NFTs for low-cost funding alternatives, partnering with NFT influencers, and providing a unique digital experience to customers. Finally, the podcast highlights the potential for NFT gamification promotions to drive traffic to locally owned businesses.
WATCH ON YOUTUBE:
LISTEN TO THE PODCAST:
00:43 Proof of Ownership
01:37 Use case: Gaining Access to Events
03:26 Use case: Membership
04:05 Royalties and Creator Fees
05:45 What is OpenSea and the Secondary Market
09:08 Cryptocurrency – Ethereum (ETH) and Bitcoin (BTC)
10:22 Digital Wallets
13:13 Stoner Cats
14:09 Closing remarks
Invest in yourself, You are worth it.
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