Are NFTs Just a Speculation Bubble?

What utility can Fanadise bring to crypto-contracts?

This is just the beginning…

You remember the beginning of crypto? Every single coin rode purely on its speculative merits. Then DeFi came to the industry and gained space, adding utility and protocol to the tokens and bolstering the value to the crypto industry. Usage boomed, reach widened, and a myriad of new ways and means to approach and use cryptocurrency suddenly developed.

The future of NFTs will not be any different. Right now, NFT lovers are seen as speculators — however FANADISE has seen the future and will stay at the forefront of the massive changes that these tokens will bring to society. Fanadise is approaching the NFT revolution in a way that goes beyond speculation. Soon there will be multiple NFT use-cases, benefits, exclusive deals, and partnerships.

That’s what we are discussing today: UTILITY.

Brands using NFT

Before we talk about utility, let’s explore two big brands that are already implementing NFT in their space.

  1. NBA TOP SHOT: Essentially, fans can own a moment. Iconic moments are minted by the NBA as digital collectibles with NFTs. The basketball empire has created a way of selling digital collectibles in the form of trading cards, embedded with iconic moments from the game. With a plan to add virtual jewellery, accessories, and clothing that can be used across social media, the NBA is seeking to find ways to expand this revenue stream as far as it can go.
  2. NIKE: Consistently ahead of the game, Nike now holds a patent for blockchain-based sneakers called ‘CryptoKicks’. Because a lot of these transactions happen online, fakes are a big problem. Nike’s patent aims to fight this by tracking the “ownership and verify the authenticity of sneakers using the blockchain-based system.” So, when you buy a pair of ‘CryptoKicks’, you’ll also receive a digital asset (like an authenticity certificate) attached to a unique identifier of that shoe. The result? Higher exclusivity and far less potential for fakes.

AUTHENTIC COLLABORATION: There’s massive scope for utilising influencers to actually create exclusive NFTs, alongside a brand. This would work in the same way as any brand-product collaboration. For example, could we see Michael Jordan create a unique NFT with Nike?

Utility: going beyond speculation

As there are several ways of implementing utility to the NFT space, here’s an example of benefits between NFT influencer and NFT owner.

Let’s suppose the Influencer Neffati Brothers (13.5M social media audience)

partner with Nike and create a loyalty program exclusive to their NFT holders.

Exclusive benefits for Neffati NFT holders (Neffati NFT x Nike example)

  • Discount in Nike stores for NFT holders
  • A chance to get a new collection before everyone else
  • A chance to get a special drop for free (lottery system)
  • Possibility to buy products only made for cooperating Influencers (perhaps Neffati x Nike exclusive shoes)
  • Instagram invite to their close friends
  • Access to private chats

Fanadise is the world’s first Influencer Utility NFTs platform. With Fanadise you can collect, stake, buy and sell NFTs, experiences, and hire services from your favourite creators.

We are happy to be here before anyone else, FANADISE came to bring the revolution the NFT industry needs and we are confident in the strong community we have been building. We from FANADISE appreciate your support!

Are you with us?

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