Rights & Benefits NFTs and Blockchain’s Value in Use
The recent crypto market has been undergoing turbulence and adjustments, and the Crypto Fear Index has been rising rapidly. But the popularity of NFT has been rising instead of falling. Statistics show that since the end of February this year, searches of “NFT” have increased by more than 34 times in China within over four months. As of July 23, China has ranked first in the global searches regarding NFT, 36% higher than the second place. Many Chinese investment institutions such as Jack Ma, Blue Pool Capital, and NetEase have all made bets on NFTs.
An opportunity for NFT to bring the use value of blockchain into the real world is emerging.
We have seen so many NFTs auctioned at surprisingly high prices. These NFTs have practical use value, but they still have not broken out of the scope of art. NFTs are expected to connect the blockchain with the real world and in this aspect they are obviously underestimated.
Chair.Finance, the first decentralized platform for Rights & Benefits NFT, put “Rights & Benefits” into NFT, changing the homogenized market of art NFT for the first time.
On the Chair platform, as long as you have a skill, such as writing, drawing, flower arranging, magic, singing etc., you can consider integrating your skills into NFT. Sell this NFT on Chair.Finance, give it the corresponding rights or benefits, and attract those who need it. As long as your “rights & benefits” are demanded and your abilities are recognized by others, the NFT you mint through Chair.Finance will be traded, and you will be able to gain profits.
In addition, gaming and the Metaverse can provide excellent use cases for NFT. Entertainment is almost needed by everyone. If a game is designed to be world-class, NFT is something its developer should consider. What blockchain really empowers the game industry is its great traffic and global payment channels, other than just smart contracts. NFT can not only be perfectly associated with the items in the game, but also represent their ownership in the Metaverse. In the BYP program of Chair 2.0, the game section will be launched to create an entrance to Metaverse, then NFT will have a wider range of applications.
Unlike the era of NFT 1.0 where art is over-represented, NFT 2.0 will cover multiple fields such as financial assets, digital identity and rights in the near future. The goal of Chair is to accelerate the arrival of the NFT 2.0 era.
We hope more and more projects will explore in a more diversified NFT world. As long as NFT is demanded by people, the blockchain market will undergo unprecedented changes. It may also increase the overall market condition of the entire cryptocurrency market to a new level.
