If you want to know where nfts are used, you have come to the right place. This is a quick guide to some of the most common uses of these flying devices. These include: Starbucks, Ludo Labs, Ticketmaster, and Bored Ape Yacht Club.
Ticketmaster
Table of Content
Ticketmaster, a unit of Live Nation Entertainment, is experimenting with using NFTs for live event tickets. The ticketing company partnered with Dapper Labs, the creator of the Flow blockchain, to develop a pilot program.
The Flow blockchain is a decentralized platform built for consumer-scale experiences. It allows users to share and trade NFTs online. These non-fungible tokens can be used for a wide variety of purposes, from gaming to fantasy sports to art.
The Ticketmaster site has a wallet feature, which allows users to store, share and trade NFTs. They are also able to view and verify the ownership of their tickets. This is a step in the direction of creating a more frictionless experience for the ticket holder.
Ticketmaster has issued over five million NFTs on the Flow blockchain since the beginning of the year. Among these are commemorative tickets for the Super Bowl LVI. Ticketmaster is also experimenting with web3 capabilities to further enhance fan engagement.
Ticketmaster has teamed up with the NFL to mint complimentary NFTs for those who attend at least three home games for the league’s 32 teams. Fans will receive a virtual commemorative ticket in their Ticketmaster digital wallet.
Ticketmaster has also announced a new initiative to create an infrastructure to make blockchain-mediated event ticketing a reality. It will offer clients and event organizers the ability to issue and sell NFTs.
NFTs are a type of digital token that is programmable. This means that they can be activated to access certain benefits, such as VIP engagement opportunities, loyalty rewards, or discounts on future tickets.
In addition to being a way for organizers to sell and distribute NFTs, Ticketmaster is also working to create an NFT marketplace. Users will be able to buy and sell these tokens, verify their authenticity, and even trade them for other items.
Ludo Labs
Ludo Labs is a new age digital football community that aims to create a unique interactive space for fans of the game. Unlike other games, the company focuses on creating value for its users.
Ludo Labs is a new company that brings together football superstars from around the world to create an immersive and interactive experience for fans. By integrating social tokens and real-world utilities, the company is able to create unique and memorable experiences for players and fans alike.
One of the most exciting aspects of the company is that it listens to its fans. The company hosted intimate AMAs with several players, allowing fans to ask questions and get to know the personalities behind the game.
Another exciting feature is that players are allowed to create and share their own original content. Some examples of this include a trivia contest, a special Whatsapp group for LeBron James skin owners and a 5v5 match with a star.
Another innovation is the addition of the NFT. Not only does it provide a tangible reward for its owners, but it also enables players to interact with fans on Discord.
In the future, Ludo Labs will integrate Decentralized Finance (DeFi) functionality, allowing players to make purchases with their NFTs across multiple platforms. As the community grows, Ludo hopes to become a one-stop shop for its users.
Aside from the usual rewards, the team is also working to bring a new perspective to footballer-fan relations. For instance, 5% of its sales are going to a charity called Common Goal.
Finally, it has a multiplatform search engine, designed to streamline the process of finding NFTs. It will integrate metadata tied to NFTs, and will be able to provide users with insights beyond the traditional search engines.
Yuga Labs
Yuga Labs is one of the biggest players in the NFT space. They’ve developed some of the most notable collections in the crypto space. These include Bored Ape Yacht Club and CryptoPunks. And they’re launching a new project.
The company’s flagship project is the Bored Ape Yacht Club. It’s a collection of over 10,000 ape-themed NFTs. But it’s not just about the artwork.
Yuga also developed a digital media strategy, enabling owners of the underlying intellectual property to monetize their assets. This includes the creation of merchandise and content.
In addition to creating their own digital assets, Yuga also gives a percentage of their profits to owners of the Meebits and CryptoPunks collections. A royalty fee is also charged on sales of these digital assets on secondary markets.
Yuga’s latest project is called Otherside. As with the other collections, the company plans to sell land in the metaverse. However, unlike its other projects, Otherside’s website doesn’t indicate how it will work.
The concept sounds like a Disney movie. It’s set in a world filled with 200,000 plots of land. Each one contains a unique blend of environment. Moreover, each plot may contain powerful artifacts.
Although there are no confirmed details on how the platform will work, the company has released a video highlighting images of other major NFT projects. There’s also a hint at the premise of Otherside.
Besides developing the Otherside and the mint, Yuga Labs has also acquired the NFTs of Meebits. Since its purchase, they’ve begun reshaping the company’s policy on NFTs.
However, there are still many questions to be answered about the long-term impact of the company’s acquisition. Some of the questions revolve around the legitimacy of its claims of open-sourced IP.
Bored Ape Yacht Club
Bored Ape Yacht Club is a digital art collection. It features 10,000 ape-themed non-fungible tokens (NFTs) – each unique in expression, facial structure, and outfit. These are stored on the Ethereum blockchain as ERC-721 tokens.
Unlike other NFT collections, these tokens have commercial usage rights. This allows the creators of the collection to fuel community-based activities. The company behind the project is Yuga Labs, an actual Web 3.0 company.
However, despite the hype, the NFTs are too expensive for most people to afford. In fact, the cheapest ones sell for more than fourteen thousand dollars. And that’s only if you buy one that hasn’t been resold.
Bored Ape Yacht Club offers perks such as a membership card to an exclusive online club. They also have a Discord server for members. Buying Bored Apes is a gamble, as prices have been increasing significantly in the past months. But for those who have the money to invest, it’s a good idea.
Some celebrities have purchased Bored Apes. These include Jimmy Fallon, Paris Hilton, and billionaire Mark Cuban. You can also find some for sale on auction sites.
But it’s unlikely that you’ll get any tangible benefits. Besides, the value of the collection is largely based on media attention.
Despite the hype, there are plenty of people who hate Bored Ape. They believe that the project is gradually transcending the blockchain.
The Bored Ape team uses a series of pseudonyms. Even so, dozens of celebrities have invested in the collection. Many of them flaunt their purchases on social media.
Bored Ape Yacht Club may have reached a peak in popularity, but it’s still not a sound investment for most people.
Starbucks
Starbucks is one of the first companies to use Non-Fungible Tokens. This technology is used to provide unique experiences to consumers. It also acts as a digital receipt for purchases.
NFTs are not for the faint of heart. Starbucks is still working out a strategy for how to use the technology. Nevertheless, the company plans to launch its own series of branded NFT collections.
These non-fungible tokens will be the core element of the company’s new Web3 platform. This will allow customers to interact with Starbucks in a virtual world. The perks could include invitations to international events, special merchandise, and classes.
Aside from leveraging existing technologies, Starbucks is looking to expand its loyalty program. Currently, the company has 27 million Rewards members in the U.S. They will be among the first to be given access to the Odyssey.
As part of its “Third Place” initiative, Starbucks is trying to deepen the integration between its loyalty rewards program and its digital collectibles. By using the new non-fungible tokens, the company hopes to build a community of employees and customers.
In addition to offering members a variety of benefits, Starbucks is also testing the concept of interactive NFT games in its metaverse. Users can log in with their Starbucks Rewards credentials and take part in these activities. Some of the activities will involve challenges to deepen their knowledge of the company and coffee.
While Starbucks hasn’t made a definitive decision on this front, it’s expected to unveil its full plan in September. It will give consumers a chance to participate in virtual classes, interact with customers, and win digital collectibles.
Besides integrating the emerging technology, Starbucks wants to make the experience approachable for users. It’s hoping to leverage its popular app to increase customer engagement.