NFTs came into existence to give ownership of real-world or digital assets through smart contracts. Over the years, the concept of NFTs have evolved drastically. CryptoKitties has revolutionised the conception of NFTs by introducing use cases of NFTs in the blockchain technology. CryptoKitties used NFTs in gaming as some of the kitties are being traded for close to one million dollars. Created in 2017, the CryptoKitties can breed to create new kitties with new “attributes’ ‘. Each kittie is unique and cannot be replicated. This was the first time where NFT got its use case.
We saw a lot of other projects popping out with two major use cases one going all into the gaming industry while other being a total collectible, the world has seen both the use cases flourishing and appreciated over the time. One of the interesting use cases came recently from the famous Garry Vee, with his project VeeFriends where he created and distributed NFTs which has use cases as being the access token for his Conference and other services that he will provide.
The evolution of NFTs has been continuous and projects are exploring their ways of using it, Pentonium is presenting the new way of using NFTs. Lets understand it with an example:
You are a user of Mall A, whenever you buy anything over the mall. The mall gives you a brochure with one of the avenger’s characters. Now when you have 5 characters with you, you can redeem these brochures to get a 50$ off over any purchase over the mall.
This gives a feel to the user to collect these brochures as this now has a use case. Pentonium is releasing NFT collections with a similar concept where users will collect these NFTs through airdrop or purchase, these NFTs can then be used over the platform to get rid of platform fee or to run advertisements e.t.c. Every art will have a minimum of 4 copies, 3 with use cases that mentioned earlier while one being a pure collectible. The NFTs with use cases can be used only 5 times over the platform, the fifth transaction will burn it making the existing collectible the only existing NFT with that art.
About Pentonium
Pentonium is a decentralized freelancing platform that will create a global market for freelance talent
offering crypto-related services like solidity development, community management, exchange listings
related services and many more.
Website | Deck | Onepager | Telegram group | Twitter
