Seriously, there are a ton of NFT/DAO/DeFi talk and there are currently NO PROJECTS that EMBED THEIR OWN TOKENS ONTO THEIR NFT.
NFTs are a technology and have so much room to advance (talking about real estate, government documentations, medical records/reports blah blah everything on the blockchain)
(I’m not an early NFT/Crypto Investor, didn’t buy BTC til it was like 30k, if there are NFTs that have their own token/protocol owned token embedded onto the NFT, please let me know)
I have literally found only one project that embeds their own token/coin onto their NFT they’ve created. Please correct me if I’m wrong, but aren’t NFTs and crypto supposed to be real assets and have actual value at the time you purchase them???
I’ve found one project which embeds their own token onto their own token.
Since the embedded tokens guarantees the minimum value (i.e. floor price of the issued NFT) isn’t this a plus?
This ensures that the nft holder will have the minimum value guaranteed by their own tokens on top of profits…
If the embedded token is already staked, it protects the risk of the token also being released into the market. This helps the ecosystem to be maintained more stably.
WHY AREN’T OTHER PROJECTS DOING THIS?
6 thoughts on “WHY IS NO ONE TALKING ABOUT THIS”
It’s an interesting idea in pricinple, but I wonder how that works? NFTs are NFTs, not tokens. How can you “embed” tokens in an NFT? And how does the user redeem these tokens?
As I said, I think its a cool idea, but I see no reason why this would be the mainstream way to do things. When you buy an art piece at an auction, the guy doesn’t stick a bunch of dollar bills in the painting and tell you that it’s worth AT LEAST 500 bucks.
The real question is why arent you doing it? You see the possibility. Make it happen.
You cant jam most nfts INTO the blockchain protocol (like recorded in it), unless you have specificslly build your nft to be purely code. Even then for coded visuals or sounds you then need something to interpret what is there properly.
Maybe i mistunderstand the question and you mean more like having nft platform use the gov token as the currency to buy/sell them.
Pretty sure enjin/efinity will do this. Nfts have a base value that is the cost to mint them. They can then be melted down to provide at least the cost to mint them minus a small fee. Been a while since I looked into it, no idea where thats up to development wise.
u/saltyscallion6969 I think FUFU will be a good one for you, because they have their native token as well as their NFTs