Reading pen farming | A voucher to explore, create and support the practical value of NFT ft. Tech giants decode NFT plans

In economics, one of the most frequently presented concepts is " utility ". In class, I remember the professor repeatedly emphasized that utility can also come from a spiritual level - which cannot be quantified - such as happiness.

Surprisingly, how to enter the Web3 world, many people changed their minds to say "Utility", especially referring to the practicality of NFT. Just through this essay contest , I came to talk about "practical value".

■ a voucher

Based on the "unique and non-tamperable" nature of NFT, we can condense the various beefs that can be imagined and presented by the project party into two words- certificate.

 A voucher is a voucher.
A ticket is a voucher.
A ballot is a certificate.
A certificate is a certificate.
A paper contract is a certificate.
In recognition of membership, it is a certificate.
Recognizing the community identity group is a credential.
In recognition of profit distribution, it is a certificate.

The certificate is used to confirm the rights and ensure the rights of each NFT holder, let's call it " beneficiary rights ", in order to echo the discussion of "practical value".

Credentials → Confirmation of Rights → Beneficial Attribution.

Following this logic, various business models that can be created by applying the above-mentioned movement lines can be described as the space for the imagination of the practical value of NFT ; usually, the project party raises a sum of money as a “fulfillment” to the investors in the future. The basis for achieving those promised happiness (said good roadmap).

The problem is, although I am not a mathematician , the funds will always run out one day, right!

Therefore, in addition to exploring the practical value of NFTs, it also pays attention to whether the project can help NFTs find a "real" support, rather than "backward money supplementing the former money" and becoming a Ponzi economy.

■ Explore, create and support practical value

The project that has been paid attention to recently is the “ Tech Giant Decoding NFT ” project, which is an independent “expansion piece” concept derived from a “main program” paid column subscribed by nearly 10,000 people. In the past, the main writer Mulia "single person" locked a few big companies in the technology industry to write. It is inevitable that some leftovers in the market have not been discussed. Now, I hope to gather a "group of people" who love to analyze the technology industry. Everyone has their own strengths. Gather the power of the community to study related fields more thoroughly.

Of course, people who buy NFTs - Decoder BOT NFT credentials - will be invited to the exclusive Discord community (Tech Giant Research Institute). So far, it is similar to the projects seen in the market.

But after reading the white paper , I also listened to a few AMAs (Ask Me Anything). I have seen several refreshing highlights, which are of positive benefit to the exploration, creation, and support of NFT's practical value :

1. Community treasury: exploring practical value

The funds raised by the issuance of NFTs are not "unilaterally" determined by the project party on how to use it. In particular, 40% of the total amount is reserved to form a community treasury, and everyone will "collect ideas" to propose and vote to explore the practical value of NFT together.

2. Analysis mining: creating practical value

Usually, the community treasury has a routine task, which is used to pay for the analysis and mining (Analyze to Earn) .

Very intuitive idea, everyone in a community contributes differently. For example, some people are pure readers, and some people are sharers. Some kind of "incentive" mechanism must be created to reward those who work hard. The approach taken is to put tokens— Tech Point Tokens —for those good research articles— to make the analysis valuable and create NFT practical value .

3. Note supplement: support practical value

I don't know if you will have such doubts when you see this, what should you do all the time "sit and eat"?

I think the coolest idea of this project comes from the means of regularly replenishing the community treasury - the Brain Washer NFT certificate - it is an exposure field for the owners to bid on, and the winning bidder can pay in the "main program" Advertisements are placed in a free public article released by the column every month, and 80% of the winning bid amount will be injected into the community treasury, continuous cash flow, and support the practical value of NFT .

So the original "trial product" was reactivated and had a new positioning. Don't waste this high traffic (because it is free), everyone (owners, project parties, NFT holders) are happy, and they can do it with one fell swoop; also echoing in the currency circle, I want to be "down to earth" at the end of the money-making article "the combination of virtual and real" The idea of "going offline", in order to achieve sustainable operation, it is necessary to have "real" cash flow other than "virtual" currency.

■ Epilogue: The three pillars stand together and cannot be neglected

Looking back on this article, I think that when looking at an NFT project - a project that focuses on "enabling" - the following questions must be carefully explored:

1. Who defines its practical value (one-sided decision vs joint exploration )?
2. Creation of practical value (is the incentive mechanism perfect)?
3. How to support practical value and sustainable operation (continuous injection of cash flow)?

Three pillars stand together, can not be neglected; a certificate, boundless imagination.

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