Before we get into specifics of how NFTs can be used to build resilience, we need to first take a look at the broader reasons one might want to use NFTs in their organization:
- Unique and Verifiable Ownership: NFTs provide a digital certificate of ownership for unique assets, such as art, collectibles, and in-game items, which can be easily verified and tracked on a public blockchain.
- Fractional Ownership: NFTs allow for the creation of digital assets that can be divided into smaller units, allowing for fractional ownership and investment opportunities in high-value assets.
- New Revenue Streams: NFTs provide new revenue streams for creators and owners of unique digital assets by enabling them to sell their assets as one-of-a-kind collectibles or to monetize them in other ways.
- Immutable Record: The use of blockchain technology means that NFT transactions are recorded in a tamper-proof, immutable manner, providing a permanent record of ownership and transfer history.
- Liquidity: NFTs can be easily bought, sold, and traded on various marketplaces, providing liquidity and enabling the creation of a secondary market for unique digital assets.
- Increased Accessibility: NFTs lower barriers to entry for collecting and investing in unique digital assets, making it possible for a wider range of people to participate in these markets.
Overall, NFTs offer a unique combination of ownership, scarcity, and verifiability, which creates new opportunities for creators, collectors, and investors.
Now lets get specific on how the PortalDAO project is using NFTs in unique and innovative ways to build resilience. The NFTs will be used to:
- Educate individuals about resilience through the creation and distribution of educational materials.
- Reward individuals for participating in activities and challenges that promote resilience, such as a 30-day meditation program, a survival skills retreat, or a series of online courses on self-care.
- Create virtual communities for individuals working on building resilience, providing a space for support and motivation.
- Raise funds for initiatives that promote resilience in individuals and communities, including land fund pooling and regenerative land projects.
- Provide access to events, experiences, and geocache journeys that create a transformative experience for participants.
These are just a few of the starting points we’re using to build this network. Over time we expect the network itself to come up with new ideas and novel ways of using NFTs to build a more resilient world.