Usecases
Last updated
Last updated
Exploring the potential of refundable NFTs as a subscription model
A New Take on Subscriptions: Consider a trader launching an exclusive chat for sharing trading insights. Rather than going the usual subscription route, they issue 500 NFTs trhough BLASTR, each priced at 1 ETH, with a one-year lock period. This setup not only secures a ~4% annual yield from the total locked ETH (amounting to 20 ETH) but also opens up additional income through secondary market royalties and gas refunds.
How It Works for Subscribers: Individuals interested in joining the chat mint an NFT by depositing 1 ETH. Holding this NFT grants them continuous access to the chat. Post-lock period, they can keep the NFT to maintain access or opt for a full refund, thereby opening up their slot for new members.
Market Dynamics: Besides secure access and the option for a refund, subscribers stand to gain from potential price appreciations of their NFTs on the secondary market. Here, given the limited supply of 500 NFTs, increased demand could enhance their value, offering subscribers an opportunity to profit from their holdings.
Benefits for Both Sides: This model offers a secure membership embedded with a sense of ownership and exclusivity. Should members decide to leave post-lock period, they're entitled to a full refund, with their NFT being burned to make space for new interested parties. This dynamic setup benefits creators through the yield generated during the lock-in and provides subscribers a flexible, risk-free path to exclusive content.
A Win-Win Subscription Experience: By integrating refundable NFTs, this approach transforms traditional subscriptions into an interactive, secure, and mutually advantageous model for creators and subscribers alike, enhancing the overall subscription landscape.
For All Kinds of Projects: BLASTR is versatile. Whether you're setting up a Subscription based service, a DAO, launching an app with NFT access, creating a collection of digital art, or fundraising for an event, BLASTR fits right in with what you need.
