How motivated will you be as a fan to get NFT photo cards if you're getting voting rights along with it and then you can participate in decisions, Mary Neoh, Alexandros Papantoniou, Eric Liong, and Melvin Grossi? "For web3-related entertainment projects, we see two main use cases. The first is the simple integration of blockchain technology into existing business models. Examples are using NFT technology to produce limited edition digital goods, or monetizing artist IP by issuing NFTs. These models exploded with the popularity of the NFT market, but since the NFT market downturn, most of them have either disappeared or suffered a steady decline in price. Second, we see models that actively utilize Web3 technologies, such as engaging fans through a token-based governance structure. This is a structure that allows fans to directly vote on decisions related to artist operations, and operates similarly to a DAO. For example, at Modhouse, which manages the idol group Triple S, fans purchase NFT photo cards that give them corresponding voting rights. Through this, fans can participate in decisions related to the group's operations, such as the name of the fandom and deciding which songs will be listed on an album. Recently, projects that utilize token-based governance to participate in the idol selection process have also emerged in Japan. Similar models are expected to appear more frequently in the future. " #modhouse #nft #vote https://lnkd.in/gkFHKYK4
It's definitely a great option to make me and others more inclined to interact with the brands. I am looking forward to see brands improving on this area more and more!
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9moI'd definitely be more motivated to get NFT photo cards if it gives the chance to engage and paricipate in devision making. This goes for other industries too.