Are you tired of having NFTs in your crypto wallet that are just collecting dust? You know the ones we’re talking about — the ones you can’t seem to get rid of, find hard to part with, or even airdrop or gift. No matter how much they may be worth, it can be difficult to figure out how to utilize them beyond simply selling them.
At RE:DREAMER, we strive to connect NFTs to real-world experiences, rewards, and physical goods. We provide an innovative, modular redeem protocol that validates and authorizes exchanges between blockchains and mainstream systems. In short, we aim to revolutionize the trading of digital and physical assets, opening up cross-brand collaboration to drive community engagement and business growth.
If you’re wondering how to make the most out of your NFTs, we’ve got three options for you to consider.
1. Discover hidden utilities
While many NFT collectors focus on acquiring valuable projects, it’s important to remember that many NFTs also have a utility aspect that can provide special and unique benefits.
Some NFTs, for example, offer regular merchandise like sneakers or streetwear, while others may collaborate with restaurants or service providers to offer discounts to NFT owners. If you have an NFT that doesn’t seem to have any specified utilities, don’t give up just yet! It’s always worth checking to see if there are any hidden utilities that you can take advantage of. Here are a few things you can try:
Get whitelisted
Many new NFT projects seek out collaborations with established projects or well-known brands during their promotional phase in order to gain exposure to a wider audience. As part of this process, they often give away a certain number of whitelist spots to interested individuals. If you’re interested in securing a whitelist spot for an upcoming NFT project, keep an eye out for opportunities to sign up. In many cases, all you need to do is complete a simple task, such as filling out a form or joining their Discord group, to be eligible to enter a whitelist lottery. It’s a quick and easy way to potentially get early access to new NFT projects and be among the first to experience them.
Surprise airdrop
Did you know that some NFT projects offer surprise gifts to their owners from time to time? These gifts can be physical items like clothes, hats, or masks, or they might be digital assets like NFTs, cryptocurrencies, or access to metaverse NFT galleries. These surprise airdrops are often only available for a limited time, so if you’re not actively following the community, you might miss out on these exciting opportunities. Keep an eye on your inbox and social media channels, and be sure to stay up-to-date with what’s happening in the NFT community so you don’t miss out on any surprise gifts or airdrops.
Games/Raffles
Many NFT projects host singing or gaming competitions on a regular basis, and offer prizes to the winners? Some projects also use Discord plugins to create reward systems that allow players to earn points that can be exchanged for prizes. Many companies that are transitioning from the traditional Web2 to Web3 often have a range of items or services available for community engagement, such as mugs, mouse pads, or drink coupons. These types of prizes may be more easily attainable, so be sure to keep an eye out for opportunities to participate in competitions and earn rewards.
In addition to these tangible offerings, there are also many intangible ways that NFT projects can engage with their communities and provide value to their owners. Let’s take a closer look at some of these options.
AMA/Seminars/Education
If you’re an NFT owner, you may have access to a wealth of educational opportunities depending on the category of your NFT. Meaningful NFT projects often provide a platform for industry professionals to share their insights and expertise with the community. For example, if your NFT is an art piece, you might be able to learn about the artist’s creative process. If it’s a Pass/Alpha NFT, you might be able to get tips from investment gurus on top trading strategies. And if it’s a DAO-NFT community, you may even be able to participate in building the project.
If you have the time, it’s definitely worth taking advantage of these opportunities, which can help you maximize the value of your NFT.
Joanne Missingham x ThunderCore x RE:DREAMER
RE:DREAMER recently partnered with ThunderCore to launch an NFT-based loyalty program on Joanne Missingham’s “Hei Jiajia Go Classroom”, an online education platform that focuses on the board game Go. Founded by Joanne, a top professional Go player, the platform offers live courses for all ages, recorded content, and digitized games to make learning accessible and fun for kids.
As part of the loyalty program, Joanne will airdrop NFTs to members who purchased online courses. These NFTs offer two unique features: classic Go games that are turned into collectible assets, and monthly exclusive courses.
Our redeem protocol was instrumental in helping the Hei Jiajia Go Classroom issue VIP certificates that allowed users to buy discounted online education courses and handle event passes for special meetups, including opportunities to meet Joanne in person.
Community
While owning blue-chip NFTs like CryptoPunk and BAYC can come with perks like airdrops and the opportunity to get whitelisted, the most valuable aspect is often the sense of community and the connections, information, and opportunities that come with it.
If you want to get the most out of your NFTs, it’s important to take a good look at your collection, visit Discord regularly, and engage with the community. If you find that some of your NFTs don’t offer hidden utilities like these, it might be time to reexamine your approach to purchasing NFTs.
In our next article, we’ll continue to explore more options and perspectives on how to make the most out of your NFTs. Stay tuned and leave us a comment!
About RE:DREAMER
Enable anyone to do phygital business anywhere! RE:DREAMER bridges Web2 and Web3 with payment-like API/SDK, connecting NFTs to real world experiences, rewards, and physical goods to drive community and business growth.