Many love NFTs, some people not so much.

Let's look beyond the current dominant use-cases of #NFTs, and why we believe in an NFT-first future.

🧵 10 thought-provoking use-cases for NFTs:

1) Team, advisor, investor token-vesting via NFTs.

A superior model as the vesting is not assigned to a fixed wallet address, instead you can move your NFT to any wallet.

And potentially sell your non-vested position on secondary market (!?)

2) Percentage-based revenue split between parties via NFTs.

Issue unique NFTs that have access to a certain % of a revenue stream, like your secondary sales.

NFT #1 has 20%. #2 has 30% and #3 has 35%...

You can move your revenue stream to cold wallet or even sell it on market!

3) On-chain access control for certain actions via NFTs.

Founding teams or DAOs can assign certain permissions to a specific NFT to control protocol parameters.

e.g. an NFT that has ability to change protocol fee % of OpenSea, initially in Founder's control, then moved to DAO.

4) Off-chain roles assigned to members via NFTs.

NFTs can be given to your team or community members, which gives them ability to get privileged Discord roles, AWS access etc

Superior than just using their wallet address, but needs proper security practices, or low-risk access.

5) Issue NFTs with veto power in the DAO to reject proposals.

A mechanism to avoid tragedy of commons, or malicious abusers of token voting, until a better model emerges.

This NFT can be in control of team multisig, then later move to a sub-dao, or a sub-guild, or even burned.

6) Rewarding holders of your NFTs

Without locking their NFTs, let them keep it in their wallets. As a simpler version of staking, this incentivises people to hold their NFTs instead of selling. NFTs stay in user's wallet so they can use all the existing apps.

7) Subscription payments via NFTs.

Platforms can give access to certain NFT, that has a stream of ERC20 token payments.

Charge customers per-hour, not monthly. Customers can use same NFT to watch Netflix, then switch to Disney+

Superior than wallet as you can transfer the NFT. The rest are common use-cases of NFTs that are still thought-provoking but many have heard about them already.

8) Redeemable NFTs to be used as tickets.

Concerts and events can allow entrance to certain NFT collection, only once. Much easier to track scalping and prevent ticket fraud to a certain extent.

9) Membership access via NFTs.

Create token-gated communities, merch-stores, premium content that only certain NFTs can access. e.g. Give different Discord roles based on specific "trait" of the NFTs that users own.

10) Vote signalling for DAOs via NFTs.

Give NFT holders voting power according to their holding time. Superior than token voting as you can track history of each individual NFT. Harder to collude. You know exactly how the power changed hands over time.

Conclusion

Definitely all need time to mature, but we believe many of successful use-cases will be a mix of DeFi+NFTs or DAOs+NFTs. The future is exciting as we experiment, build and learn.

We should focus on the signal, brush off the noise every day and unlock the true potential of NFTs.

Flair.Finance aspires to be the platform that unlocks these potentials. AWS of Web3 is a way to put it; but superior.

By providing open-source smart contracts, no vendor lock-in SDK, and all the way decentralized platform as a service (#dePaas) for builders of the decentralized future.