Week 10

3 different uses of NFT’s

NFTs = Non-Fungible Tokens

Google Form: https://docs.google.com/forms/d/e/1FAIpQLSfsvK_LxPJQAaH9GT5zozbSmbRnOL5bAYbVCqGGxDU-fy7JRw/viewform

Ideas:
Music
1. Song ownership divided into 1/100 Each token would be 1% of the songs income They would be up for auction or have a set price This would be a way for artists and labels to get royalties paid to them up front and allow fans to be involved in the backend of the music industry By giving them a stake in a song each individual owner of the token can decide if they want to share or market that song If someone were to purchase 50 of these tokens they would own 50% of the song

2. Lifelong tickets VIP tickets to every show ever Or backstage passes renewable twice a year Access to exclusive events Access to exclusive merchandise releases Able to hear unreleased music ahead of the release ART

3. Digital art of course Allows digital artists to prove authenticity and offer ownership of their works Can be sold on both primary and secondary market Smart contracts have endless possibilities

4. Physical Art/Goods Could give people an NFT to verify the authenticity of physical pieces. Whenever the physical piece is bought or sold the nft would go with it. This can also be used for furniture or almost any physical good.

5. Could divide “Picassos” into hundreds or thousands of partial ownership pieces Each NFT holder would own a portion of the piece and every time it was sold they would receive a percentage of the sale price but would remain a part owner. These holders do not have any say over where the piece goes or when it goes for sale but would remain as silent investors and receive pieces of every transaction. Or the new buyer could buy them out and they no longer have any stake in the piece. Sports

6. Event tickets
7. Autographs
8. Trading Cards (NBA Topshot)

Identification

9. Drivers License on your phone

10. Covid Vaccination proof Create NFT that proves you have been vaccinated Maybe qr code attached so any event or restaurant can scan quickly to verify

My Picks: 3,4,10