The problems associated with the currently available NFT ecosystem along with our proposed solution can be summarized as:
Reachability
- Definition: The ability of the creator to reach the followers.
- Problem: How does the creator make sure that the followers are within the reach of his/her collectibles and they are indeed being liked by the community?
- Solution: We make sure that all the relevant information is made directly available in the NFT display itself. This allows followers to reach the creator directly, rather than depending on a third-party source.
Engagement
- Definition: The interaction carried out between creators and followers.
- Problem: How does the creator confirm that the community is actually lively and his/her collectibles in fact, have an impact on society?
- Solution: We confirm that the followers are able to interact with the NFT and therefore, they are not static anymore.
Growth
- Definition: The process of increasing in amount, value, or importance.
- Problem: How does the creator ensure that he/she does really have the potential of growing and the supporting community is indeed sustainable?
- Solution: We make sure that the existing NFT owners are able to earn revenue from their NFTs even without listing them for sale.