From Speculation to Utility - 10 Types of SmartNFTs
Explore the next generation of digital assets with SmartNFTs, offering versatile and practical applications beyond mere speculation.
Over the past four years, NFT 1.0, exemplified by projects like Bored Apes, have primarily served a single purpose: speculation. While SmartNFTs can also cater to speculative interests, their potential applications are significantly broader.
Powered by the $VEE token, the SmartNFT Protocol (SNP) offers a diverse range of SmartNFTs that can be created. Here are ten types of SmartNFTs you can develop today using Vatom Studio.
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1. NFT Shell
This type of SmartNFT serves as a container for an NFT 1.0, enabling seamless integration and interaction.
2. Basic SmartNFT
The simplest form of SmartNFT comprises an image, video, or 3D model.
3. Folder
A Folder SmartNFT allows users to store other SmartNFTs within it, providing an organized way to manage assets within a Web App. It also facilitates the transfer of multiple SmartNFTs in a single transaction.
4. Crate or Loot Box
Containing other SmartNFTs, a Crate or Loot Box offers items that are only revealed upon opening. While a Loot Box can be accessed without additional requirements, a Crate necessitates the possession of a corresponding SmartNFT key, enhancing gamification and user engagement.
5. Coupon
Brands can issue Coupon SmartNFTs as rewards. These are consumed upon use, making them ideal for promotional activities.
6. Gift
Similar to coupons, Gift SmartNFTs are given freely to users, serving as an excellent tool to drive traffic to a merchant store.
7. Forms
Form SmartNFTs contain custom forms that brands can use to collect personal information from users.
8. Poll
Poll SmartNFTs engage users by prompting them to select answers. This interactive element can be used before delivering a coupon or gift, adding a layer of gamification.
9. Game
To add an element of surprise, Game SmartNFTs require users to scratch an image with their finger or mouse to reveal a result. Winning delivers a SmartNFT Gift or Coupon directly to their wallet.
10. Vending Machine
A Vending Machine SmartNFT can be placed at specific locations, such as near a merchant store, allowing users to collect or purchase predefined SmartNFTs. This feature can be used to distribute coupons or sell products and can be rate-limited per user for controlled distribution.
Conclusion
SmartNFTs surpass the capabilities of NFT 1.0, offering versatile solutions for user engagement through gamification, coupons, and gifts.
The SmartNFT Protocol (SNP) provides an ideal platform for brands to transition smoothly into the Web3 space, enhancing consumer engagement. Prominent brands such as VISA, Vodafone, PepsiCo, and Jameson are already leveraging SmartNFTs to reach millions of consumers through their Web Apps.
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