Before we start this letter…. remember this:
Starting a business might be easy but sustaining the business for a longer period of time is challenging. Especially with the NFT space, businesses indeed have a lot of opportunities but grabbing that opportunity and making it a success is something different.
Lately, I have seen a shift within NFTs for business purposes.
While there are many potential use cases for NFTs, one of the most promising applications is their use as digital assets.
We have already seen membership NFTs bombarding space.
The primary reason I would say is the connection people wish to build with the creator and the community.
Membership NFTs are like face-to-face or virtual meet-greet with your holders.
And maybe to provide a full-fledged experience membership would not be enough until the holders are actually getting some value out of it.
Let's take an example of a different business/brand today... Chartered Accountants in India now might have comparatively less competition.
There used to be times when the competition between CA professionals was so high. CA or taxation profession was competitive yet popular amongst youngsters.
CA Professionals might also have been worried about competition. Competition still might be there.
But now, I would say due to the rise of Crypto and NFTs.
So many people in India, including CAs, are into crypto that their focus has shifted to learning and educating themselves about crypto.
The professionals who will now know about the crypto taxations will have a brand value in the market.
Because of the rise of awareness of Crypto and NFTs and the new regulations in taxation around crypto, people would go to a CA or any knowledgeable person to know about the crypto tax and maybe if he/she is an investor to file the tax as well.
So, if you are someone who doesn't know about crypto/NFTs yet, don't be late in the game.
This is a new market, and hence the demand is also high.
So, if you are an early adaptor, you will definitely be able to grab more clients and opportunities.
CA/Taxation professionals can come up with their own NFT membership where you can ask clients just to buy your NFT, and you may help them with the taxation, filing etc.
BUT with that, you can give some additional value too. You might even keep a meet and greet of yourself with all the holders.
This will help you gain some goodwill and good brand value in the eyes of other CA and NFT enthusiasts.
You can do a quick QnA with them and have a brainstorming session about tax in India.
The holders can know about each other, collaborate, and increase their network…
There is so much more to NFTs, which we are yet to explore.
Let's now take another example of resorts.
Resorts generally offer stay-in, food, indoor-outdoor games, etc.
So, what if these resorts start providing NFTs, including utilities such as free stays, enjoying the amenities, and a bonus utility of enjoying some adventure too?
To give an example, for the shoot of JorrFilms Episode 01, we went to Della Resort to experience D.A.T.A, i.e. the MILITARY THEMED GLAMPING (GLAMOROUS CAMPING) experience.
Click here to watch JorrFilms Episode 01. D.A.T.A has 19 obstacles which give you a chance to experience adventure.
Not just Della, but if you are an NFT creator and want your token holders to experience something like this, you can collaborate with resorts and share such kind of experience with holders.
And say if you are a token holder and have some similar utility. But you have enjoyed the adventure and amenities once you can list the token or sell it to someone who might be interested.
I have allowed my token holders to call someone as a proxy on their behalf for the QnA session.
If you are a JorrParivar token holder and during the time of registration you know that you won't be able to make it during the Bronze, Silver or Gold QnA session, you can ask someone else to take your spot.
VeeCon tickets are live proof of selling experience and memberships.
I had received VeeCon tickets NFT as airdrop, out of which I sold 1 for 2.2 ETH.
Now whoever got the ticket might want to go to VeeCon; he will enjoy the experience of meeting Gary and the VeeFriend Community!
NFTs can take many forms, but they all represent some value that can be exchanged or traded.
As the world increasingly moves towards a digital economy, it is no surprise that NFTs are starting to be used for more business purposes.
Additionally, NFTs could be used to manage subscription-based services.
For example, a streaming service could use an NFT to represent a user's subscription and allow them to access the content.
This would provide a more secure and efficient way to manage subscription-based services.'
In conclusion, whether you are a one-person army running brand/business, have a big company, or provide professional services, you can get into NFTs by offering memberships and experience.
Because that's something that can keep the community alive.
Change your perception of seeing this space to a mindset of a businessman.
See you in the next DPL…Until then...
OTHER NFT GUIDES:
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https://jorrparivar.inBuy on OpenSea:
https://opensea.io/collection/jorrparivarJorrParivar RAP Anthem: #JorrAnthem
https://digitalpratik.com/jorranthem
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