NFT Royalties: A Guide for Fundraising Organizers
NFT royalties are a powerful tool for organizers looking for long term funding but are currently dependent on Marketplace rules.
top of page
Contribution based collectibles
NFTs are public via wallets so they can highlight a participant's commitment to a cause. As keys or membership cards, they can also transfer easily amongst family members or corporate employees as needed.
Earned collectibles
Many platforms allow users to login and access services via NFTs instead of traditional accounts. Fundraising organizers can easily gate access to their cause or project to NFT holders.
Limited time collectibles
NFTs have value as a piece of art and as a collectible. But they're also something participants can sell to others as value changes over time.
Transparency
Many platforms allow users to login and access services via NFTs instead of traditional accounts. Fundraising organizers can easily gate access to their cause or project to NFT holders.
Cost effective
Low cost to create (digital; just a piece of art sitting on a blockchain)
Engaging & customizable
NFTs spur participant engagement vs. just asking for money. They are also customizable. You can set them to be transferable or not, define how long they’re valid for and upgrade them over time.
Value for organizers
Our fundraisers are powered by NFTs, access & Discord
-
What is a NFT?NFT stands for Non-Fungible Token, which is a digital asset that represents ownership or proof of authenticity of a unique item or piece of content, such as artwork, music, videos, or even tweets. NFTs are stored on a blockchain and cannot be replicated, making them one-of-a-kind and valuable. They can be bought and sold like traditional assets.
-
What is minting?Minting is the process of creating or issuing a new digital asset, such as an NFT, and recording it on a blockchain. It involves uploading the content, setting parameters, and generating a unique identifier for the asset. Once minted, the asset can be bought, sold, and traded as a one-of-a-kind item.
-
Can anyone secure a NFT?Each fundraiser has its own unique NFTs. Only participants that donate to a given fundraiser can secure an NFT based on their donation amount. Once a fundraiser is closed, that NFT will no longer be available to the public. However, if you donated to the fundraiser and didn't mint your NFT, you have 1 year to come back and claim and mint the NFT you are entitled to.
-
Can fundraiser participants sell their NFT?Yes. As soon as an NFT is minted, it will be available in your wallet to sell on any marketplace supporting ERC-1155 tokens and the Polygon blockchain. An example marketplace is OpenSea.
-
What is NFT token gating?NFT token gating refers to the practice of requiring users to hold a specific NFT to access certain features or content. Panxpan helps fundraiser organizers NFT token gate experiences such as access to a Discord channel, certain web content, certain products in an online store or a given event. Only holders of the fundraiser's NFTs will be allowed to access/join these experiences.
-
What is Discord?Discord is a communication platform used by communities to chat via text, voice, and video. It was originally created for gamers but is now used by many communities. Users can create and join servers to communicate and collaborate, and it offers additional features like screen and file sharing.
bottom of page