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LeoFinance NFT Brainstorming Session

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khal
@khaleelkazi
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LeoFinance NFTs have been talked about by the community for a very long time.

As a team, we've been slightly resistant to the NFT craze. We don't like that all of these various projects simply launch NFT collection/edition after NFT edition after NFT edition. It's simply become a fundraising mechanism for them to endlessly put money in their own pockets.

That being said, we do see a place for NFTs. There are different ways to deploy NFTs that make them less so about "getting rich" and more so about enhancing the User Experience. Making the experience rich as opposed to making a few people financially rich at the expense of the broader userbase.

In this brainstorming session, we talk about a lot of different ideas from this perspective:

  • What does 2023 on LF hold regarding NFTs?

  • The real value is in their social currency

  • No market, no speculation, only social use case focus

  • Idea of power levels or benefits of holding/minting NFTs?

  • Adidas NFT example and real life airdrops

  • Engage2mint, not pay2win?

  • Mint for social status / higher level on Leo?

  • No funding through NFTs, maybe even never selling NFTs on LF

  • NFT wallet separate from token wallet

  • Soulbound NFTs - like badges?

  • Memberships, rights, access - the use cases are limitless in a web3 ecosystem

  • Discovery phase, then experiment phase, then adoption phase

  • We’re still early, after the NFT boom now comes the real era of NFTs with real use cases

  • Ease of access with Leo. If you know how to use LF you can buy NFTs outside of DeFi

  • One full vote when burning an NFT?

  • Your threads can look shiny if you hold an NFT?

  • Your posts can go to the top if you hold an NFT?

  • Social status

  • Featured threads or posts if you hold an NFT?

  • Tons of ideas, community feedback needed!

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.

Our mission is to democratize financial knowledge and access with Web3.

Twitter: https://twitter.com/FinanceLeo

Discord: https://discord.gg/E4jePHe

Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/

Microblog on Hive: https://leofinance.io/threads

LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a

LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile

Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP

Hivestats: https://hivestats.io

LeoDex: https://leodex.io

LeoFi: https://leofi.io

BSC HBD (bHBD): https://wleo.io/hbd-bsc/

BSC HIVE (bHIVE): https://wleo.io/hive-bsc/

Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com

PolyCUB (Polygon): https://polycub.com

Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io

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