The VIP NFT
Membership NFTs will replace typical membership cards, paper festival tickets, or replace other forms of club memberships that we currently use. Owning an NFT membership is more functional, and possibly increases in value over time. It all depends on the creativeness make use of NFT (access) passes.
VIP CLUB NFT
Use Case: VIP NFT (Ticketing)
Probably an easy way to understand utility NFTs is with a business case from the entertainment industry.
If you are holding a concert with 2,000 VIP spaces available, you could issue VIP 2,000 paper tickets. Each paper ticket will be unique, or non-fungible, in the sense that it will have its own ticket number. But each unique paper ticket confers the same right, privilege, or utility. That utility is, in this case, entry to the VIP area of the concert.
Instead of issuing 2,000 VIP paper tickets, the concert organizer could issue 2,000 VIP NFTs. Each of the 2,000 VIP NFTs would of course be unique and non-fungible, but just like the tickets, each one would grant its owner the same privilege or utility: entrance to the concert plus EXTRA SERVICES included. It works for in-person, digital or in-game events and could be traded 24/7 – even seconds before the event – each trade will add extra royalties to the artist wallet and holds super rare exclusivities for the ticket owner.
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VIP NFT TICKETS
ARTIST MEET UP
PRE SHOW EVENT
2,000 VIP NFTs would of course be unique with UPGRADEs, but just like the tickets, each one would grant its owner the same privilege or utility: entrance to the concert and limited access to specific VIP events around. All NFTs could be traded over an NFT marketplace for an individual price or by auction principles via a smart contract inside that NFT, fully interoperable, even if the VIP NFT ticket owner changes.
Depending on the artists popularity the auction prices will mostly increase over time because of NFT trading professionals and demand by their fans, NFT ticket prices by auction or at a fixed amount.
– 10 VIP NFTs – PLATINUM ACCESS: 2,5ETH/NFT=25ETH
– 40 VIP NFTs – DIAMOND ACCESS: 1,5ETH/NFT=60ETH
– 1.500 VIP Pre Show NFTs – GOLD ACCESS: 1 ETH/NFT=1.500ETH
– 500 VIP After Show NFTs – SILVER ACCESS: 1,5 ETH/NFT=750ETH
– 12.000 NFT Transactions – NFT-Royalty-Fee (i.e. 10%)=1.800ETH
NFT Income: 4.135ETH
(Exchange rate 1ETH=1.300US-$)
TOTAL VIP NFT: 5,36million US-$