In the near future, art will be only a segment of NFT usage andd may be more common that the NFTs wiill be representing financial assets
# [[NFT]]s as
- [[Art]] & [[collectible]]
- [[NFT DeFi]]
- [[Game]] asset
- [[Metaverse]]
- [[Utility]] & DAO
Uniswap V3 for example uses NFTs for their liquidity provider positions, on KeeperDAO lending positions are encapsulated as NFTs, and on Alchemist an NFT is used for customer wallets.
## Marketplace for collateralised loans
- Lend NFT
- Take out loan in ETH
- Pay back
- Get your NFT back
https://nftfi.com/
## Data Structure
NFTs themselves aren't the images uploaded to a blockchain. The images can be stored on a decentralized network, or a centralized network. The NFT is just a data structure (token), and links to a metadata file, which in turn may be pinned to an image (or other file type) - Colin Platt
Controller of the contract that the NFT metadata and token data structure holds can modify the artwork by reuploading it on-chain.
## Art
- NFTs is like autograph from artists
- NFT is something prominent, unique and exclusive
- NFT as creative evolution
## Auctions
**Superfans as LP**
- Community members providing liquidity to the token
- stake your tokens to be apart of the community
- LP tokend grands the access to the community, services, exclusive drops, discord server...
Auction
- At the end of the auction, the highest bid is automatically accepted and the NFT is transferred to the highest bidder’s wallet.
- The number of tokens minted are based on the USD value of the highest bid.
- The NFT + 50% of the fungible token supply are transferred to the highest bidder’s wallet.
- The 50% of ETH received on the collection drop are transferred to the creator’s wallet.
- A Uniswap pool for the fungible token is created.
- The smart contract deposits the respective funds into the pool to bootstrap the community’s token liquidity.
Source: https://davidtomu.medium.com/a-co-owned-fan-club-7e5b0aece3a2
# Certificates
Example: an on-chain cryptocredential earned for solving a single exercise.
Non-transferable because can’t be sold. Fungible because all did the same exercise.
Source: https://twitter.com/balajis/status/1403354268971634689?s=20
tags: [[social-tokens]] [[community-owned]] [[NFT]] [[token]] [[auction]]