The future of perks and rewards: How bnfts Protocol is changing the game.
Exploring bnfts Protocol’s multiple use cases: Event Tickets, vouchers, membership and more.
Understanding bnfts Protocol and its role in web3 infrastructure
The bnfts Protocol is a revolutionary new technology that enables communities and businesses to use non-fungible tokens (NFTs) as perks and rewards for their customers. This innovative protocol offers a wide range of templated use cases to suit the needs of communities and businesses.
In this article, we will explore some of the ways bnfts Protocol can be used to create unique and engaging experiences for users.
Use Case 1: Event Tickets — How bnfts Protocol is transforming ticketing potential.
One of the most popular use cases for bnfts Protocol is event tickets. The protocol allows issuers to create NFT tickets that can be used as the main ticketing system for their events.
For example, ETHDenver 2023 has implemented this technology to whitelist over 9000 crypto wallets and email addresses to claim NFT tickets and then drop +5800 of them to be used to gain access to the event and also to access special activities, swag and so on.
Use Case 2: Vouchers — Creating unique and engaging rewards with NFTs
Another popular use case for bnfts Protocol is vouchers. The protocol allows issuers to create NFT vouchers that can be exchanged or redeemed for goods or services. For example, a company could create a bnft as a voucher that is distributed to a specific community segmented by other POAPs or NFTs, and then that eligible audience could claim a product or service at a physical store or pickup point. This creates a unique and engaging way for businesses to reward their customers.
As part of bnfts Protocol launch, Crypstation , a crypto coffee store in Argentina, partnered with Welook.io to drop a bnft voucher to offer one free cup of coffee to the first 100 people participating in their giveaway. The winners of the giveaway will get their bnft dropped into their wallet. When the participants wants to redeem the coffee they will have to visit the store in Buenos Aires and get their bnft ownership validated with a QR code validator.
Use Case 3: Membership — Unlocking perks and rewards with NFT as access cards
The bnfts Protocol can also be used for loyalty programs. The protocol any issuer company, community or business to create NFTs that can be used as access cards to venues or any other perk offered by the issuer. For example, a gym could create a bnft as a membership card that grants access to the gym’s facilities and services. This bnft membership could also reward customers with milestone badges after a certain number of visits and even offer a renewal discount.
Use Case 4: Collectibles — Token-gated content and exclusive access
Collectible NFTs are another popular use case for bnfts Protocol. The protocol allows to create digital limited-edition NFTs that enable token-gated content. This can be used to set as a condition to be eligible and then to give exclusive content access, or to get whitelisted for future releases. This creates a unique and engaging way for content creators to bring a stream of revenue while rewarding their customers.
Use Case 5: Experiences — Creating unique digital experiences with NFTs
The bnfts Protocol can also 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.
Use Case 6: Discounts — Using NFTs for sales promotions and discounts
Finally, bnfts Protocol can be used to offer discounts or other sales promotions. NFTs can be used to redeem discounts on products or services, creating a unique and engaging way for businesses to reward their customers.
bnfts Protocol in action: Welook’s use of the protocol for NFT perks
The protocol is opening its API for developers and organizations interested in building bnfts solutions. Welook is the first organization to use bnfts as an infrastructure provider for NFT perks. The first-ever bnft was a voucher plus a controller NFT to a personal social physical card, the WeCard.
Welook has also developed Welook Labs, allowing any brand or community to leverage the issuance of bnfts. It also helps segmenting audiences using POAPs as conditions. And then enables communities to create their own NFT Tickets (bnfts too) for their IRL events.
Why bnfts Protocol is the future of perks and rewards
In conclusion, bnfts Protocol is a revolutionary new technology that offers a wide range of templated use cases for organizations and businesses to use NFTs as perks and rewards for their customers. The protocol is easy to use and can be customized to work with other third-pary applications. In this article, we have explored some of the ways that the bnfts Protocol can be used to create unique and engaging experiences for customers.
As a developer or builder, you have the opportunity to be at the forefront of this exciting new technology. The protocol will soon open its API for developers and organizations interested in building bnfts solutions.
If you’re interested in getting early access to the API endpoints, we encourage you to sign up to the waiting list. By signing up, you’ll be among the first to know when the API becomes available, and you’ll have the opportunity to build and test your own bnfts solutions.
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