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TL;DR
Think about if paid Twitter subscriptions not solely unlocked entry to unique content material, however merch, occasion tickets, and playlists as effectively.
That is form of what Snoop Dogg’s newest ‘Passport’ NFT does, however as an alternative of being constructed round a social account, it is constructed round his newest tour.
NFTs are platform agnostic, tradable, and straightforward to create. Which implies all Snoop doesn’t have to fret about constructing any new tech.
All he has to do is connect sufficient worth to every NFT, to ensure that the venture to be successful. Fairly neat!
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You already know the brand new paid subscription characteristic on Twitter?
Think about if that not solely unlocked entry to unique content material, however merch, occasion tickets, and playlists as effectively.
That is form of what Snoop Dogg’s newest ‘Passport’ NFT does, however as an alternative of being constructed round a social account, it is constructed round his newest tour.
The Passport NFTs are going for round 0.0025 ETH (about $43) proper now, with every one gifting customers an extra piece of curated art work from a few of Snoops favourite artists.
May one thing like this be duct taped collectively utilizing Web2 instruments?
Positive, the unique content material, merch, occasion tickets, and playlists completely might.
However Web3 options aren’t about reinventing the wheel, they’re about including cool new features to what we’re already used to.
On this case, the cool new features being provided by NFTs is that they’re:
Platform agnostic. (I.e. they don’t seem to be depending on a platform like Fb, Twitter, or TikTok to stay in existence).
Tradable. Every Passport NFT is a digital asset that has the potential to develop in worth and could be shortly offered on the open market.
Simple to create. Whether or not you are a giant identify like Snoop, or an unknown artist – making a digital asset that meets the above standards utilizing Web2 expertise could be a MASSIVE enterprise. (In each money and time).
All of that comes in-built. Now it is simply as much as Snoop to connect sufficient worth to every NFT, to ensure that the venture to be successful.
Fairly neat!
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