Introducing bnfts Protocol: The Simple Solution for NFT Rewards
bnfts is a decentralized protocol that makes it easy to mint and use non-fungible tokens as rewards. We created bnfts Protocol to upgrade the way the world rewards and benefits.
Let’s be real, the high costs and complexities of building NFT solutions can be frustrating. That’s why we developed bnfts Protocol, A simple and reliable protocol that allows the developer community to give real use to NFTs. Our developer-focused API makes it easy to mint and use unique digital tokens as rewards without the need for gas payments.
bnfts Protocol is built on the Polygon blockchain. The network is scalable and enables faster transactions and low fees. This way, having a low carbon footprint offers many third-party application possibilities. Additionally, we’ve included a Validated Issuer feature for improved security and authenticity.
An additional feature of using NFTs as a reward mechanism for organization is that being a standard ERC721 will allow the issuer to validate when the perk has been consumed and change the metadata to reflect the state of the NFT.
The API for bnfts protocol will have a full set of API endpoints at the time of its beta release. This will enable developers to integrate the bnfts protocol into their own applications and platforms with ease. The API will provide access to various features of the protocol: such as creating and managing NFT drops, as well as indexing bnfts holders’ data.
Additionally, the API will follow best practices to ensure security and compatibility. Building a REST API will include JSON to handle requests and responses. Error management will be clear, well defined and using OAuth for authentication.
A world of bnfts types to drop, imagine use cases.
The bnfts Protocol offers a variety of templated use cases for organizations and businesses to use NFTs as perks. There will be many types of bnfts that are possible to create:
Event Tickets: bnfts can be used as event-specific access tickets. For example, ETHDenver 2023 has created NFT tickets to be used as their main ticketing system. Each bnft event ticket is used for validation at the venue’s entrance and will be even used to benefit the participants to access special activities and get merch.
Vouchers: bnfts can also serve as vouchers that can be exchanged or redeemed for a good or service. For example, an NFT voucher distributed to a targeted community, who can then claim a product or service at a physical store or pickup point.
Membership: bnfts can serve as an access card to various perks offered by the issuer. For example, for a membership account for a community or business like a gym. Validating the ownership of the bnft would grant access to the venue or services. This NFT could also reward customers with milestone badges (like POAP) after a certain number of visits and even offer a renewal discount.
Collectible: bnfts can be like digital limited-edition NFTs that enable token-gated content. These NFTs can give access to exclusive content, or get whitelisted for future releases.
Experiences: The bnfts Protocol can be used to create and distribute unique digital experiences as NFTs. This could include things like virtual tours, virtual meet-and-greets with celebrities, or exclusive access to behind-the-scenes content.
Discounts: The bnfts Protocol enables using NFTs to offer discounts or other sales promotion. These NFTs can be used to redeem discounts on products or services, creating a unique and engaging way for businesses to reward customers.
These are just a few examples of how the bnfts Protocol can be used to create a wide range of perks, rewards, and experiences using NFTs
The protocol is opening its API for devs and organizations interested in building bnfts solutions. Welook is the first organization to use bnfts as an infrastructure provider for NFT perks. Welook has developed Welook Labs, allowing any brand or community to segment audiences using POAPs as conditions. And then to create their own NFT Tickets for their IRL events.
A closer look at the protocol
The bnfts protocol offers several advantages for businesses and developers who want to improve their user experience and rewards system. Some of the key advantages of using the bnfts protocol are:
- Low-cost and eco-friendly: The bnfts protocol is built on the Polygon blockchain, which makes it affordable and environmentally friendly. This reduces the costs of minting and using NFTs, and also lowers the environmental impact of transactions.
- Authentication and security: The bnfts protocol uses a Validated Issuer feature to verify that every NFT issuer is legitimate. This improves security and reduces the risk of fraud. Additionally, the API follows established protocols to ensure that data is secure and compatible.
- Flexibility and scalability: The bnfts protocol uses the ERC-721 standard for NFTs, which allows you to create unique NFTs enabling their validation status metadata to change when users redeem it for the perk attached. This gives you more flexibility and scalability when creating and managing NFT drops
- Easy integration: The bnfts protocol is designed for developers. The full set of API endpoints enables easy integration with third-party applications. This allows businesses and developers to integrate rewards into their existing platforms.
- Enhanced UX: NFTs can provide perks such as event tickets, vouchers, memberships, or access to exclusive content. By using the protocol, communities can take advantage of these perks to enhance user engagement. Offering rewards they are truly interested in.
- Additionally, the bnfts protocol will offer an issuing panel for creating NFTs, and a dashboard for managing them.
Getting Started with bnfts Protocol
Want to start using bnfts protocol? We’re opening a waiting list while we’re finalizing the API and the protocol documentation.
It will be easy to begin when times come. Imagine going to bnfts.io and connecting your web3 wallet to the issuing panel: If your wallet isn’t associated with a verified organization, you will be able to start the verification process.
The verification process has four steps:
1- Provide information about your organization,
2- Provide information about yourself,
3- setting up your account,
4- paying for the verification process.
Once your organization is verified, creating an NFT drop is a breeze. Choose from options like Event Tickets, Vouchers, Membership, or Collectibles. Add metadata about the benefit and its specific use.
Don’t miss out! Sign up now to our waiting list, so you can be among the first to start using bnfts protocol.
TL;DR of bnfts Protocol
💻 bnfts protocol is a versatile and decentralized protocol.
🛍️ that makes it simple to mint and use NFTs as rewards.
🌍 The protocol is built on the secure and affordable Polygon blockchain,
🌱and provides many possibilities for third-party applications.
🔒 Plus, the Validated Issuer feature ensures authenticity and improves security.
🚪 the protocol opens up a new infrastructure for organizations to build upon and
🌟 It is ready to empower them and the developer community.
