INFOGRAPHIC - Social Impact Use Cases of NFTs
Impact Tokenization
Through the use of impact tokens or certificates, NFTs enable real-time tracking and verification, ensuring accountability and facilitating direct engagement with stakeholders and funders. This fosters trust in impact evaluation, driving more efficient resource allocation.
Philanthropy
NFT fundraising is transforming philanthropy by creating a new mechanism to connect donors with causes while helping nonprofits diversify their revenue streams. They also unlock new donor engagement tools such as “token gating” and attaching experiences to NFTs to help facilitate long-term donor engagement.
IP-NFTs
IP-NFTs provide scientists with a secure way to share, license, and monetize their intellectual property. This fosters collaboration, accelerates discoveries, and ensures rightful ownership and rewards for scientists, empowering them to drive scientific advancements.
Community Building
NFTs provide new tools for artists, creators, and nonprofits to build communities around a cause. By minting specific tokens that represent shared values, stories, or experiences, communities can cement their collective identity. These tokens can become symbols of membership, providing unique community building experiences and perks to holders.
Digital Identity
NFTs and Soulbound tokens pave the way for secure decentralized digital identities. Through these tokens, users can control and verify their identities, credentials, and memberships without relying on central authorities, paving the way for a trust-based digital ecosystem that respects individual data sovereignty.
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