The first wave of collectable NFTs has managed to garner the attention of the world. Early on this digital art was most commonly seen as means of protecting artists and providing individuals with collectable PFPs. But this non-fungible token has even more technological and real-life utilities that are only now beginning to be revealed.
Let’s dive right in to uncover what these utilities are and which utilities the Kanon NFT will provide.
Utility as Access. Utility as a Perk.
Utility NFTs are an entirely new class of NFTs that extend their value from the individual NFT into the lives of the NFT holder. We can think of this value as the perks we might get from being an employee at a company, a frequent visitor to a particular coffee shop, or a member of a club. Currently there are some amazing NFT projects out there offering amazing perks such as access to:
- In-game experiences and purchases
- Real life events (conferences, performances)
As NFT perks expand even further, we’ll see their utility become more valuable in our day-to-day lives. NFTs could make our online and offline lives easier and/or more fun. They could offer unique experiences or swag. The possibilities are truly endless.
The Perks & Utility of the Kanon NFT
Extracting utility from NFTs into the real world requires incredible tech savvy. Extracting utility from NFTs and looping it back into Web3 digital functionality requires tech-magic.
We are reimagining NFT utility in a new way with our ontology primitives — words. Metadata, configured on the backend of each NFT can come equipped with certain APIs that function as nodes between two jointed ecosystems — Synesis One to Mind AI and Mind AI to consumers — but it’s never that simple. We’re aiming to transcend NFT utility with the most basic element of human language. And whereby Synesis One brings the awe of generative art and the sophistication of NFT technology-it is actually our community that will ultimately generate this never-before-seen cross functionality.
So, what perks are in it for you?
- Rewards: Which industries need AI? Which words might they use? You can earn periodic claimable rewards based on the usage of the word you own. Industry-specific words will have a great impact on your earnings.
- Yield: Use our staking collateral to access the data yield farming app to earn yield.
- Art Appreciation: The Kanon NFT was designed by real artists, and the value of art appreciates over time. Hodl. Earn.
- Membership: We are at the beginning of our journey, and your membership will grant you access to all future games to earn additional rewards.
We’re excited to be part of the next wave of NFTs because we believe that when used wisely, technology’s full potential can improve our lives.