This NFT Is Your Ticket to Flavor Town
TL;DR
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Man Fieri and Sammy Hagar simply launched an NFT loyalty program for his or her tequila model, Santos Spirits.
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Here is why it is nice for Santos prospects: NFT loyalty playing cards might be offered. Which means prospects can get pleasure from the advantages of membership, and money out if/after they really feel prefer it.
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Here is why it is nice for Santos: Man and Sammy can program royalties into their NFTs, so each time a buyer cashes out, Santos will get a lower.
Full Story
Man Fieri and Sammy Hagar simply launched an NFT loyalty program for his or her tequila model, Santos Spirits.
Now we have two issues to say on the matter:
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If they do not refer to those NFTs of their advertising materials as ‘your ticket to Taste City,’ we’ll riot within the streets.
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That is nice for each Santos AND its prospects.
Here is why it is nice for Santos prospects:
NFT loyalty playing cards are transferable – which does not really feel like a flashy characteristic, however verify this out:
How a lot do you assume American Airways’ high tier Govt Platinum membership is price?
That is the membership that will get you:
A: $50,000+
(Or no less than, that is what you’d have to spend to succeed in that tier).
With the American Airways membership system, you may’t understand that worth in money.
However with NFT loyalty playing cards (just like the one Santos are launching), you may. Which means prospects can get pleasure from the advantages of membership, and money out if/after they really feel prefer it.
Here is why it is nice for Santos:
You already know the drill – royalty charges.
Man and Sammy can program royalties into their NFTs, so each time a buyer cashes out, Santos will get a lower.
And certain, with the rise of royalty free marketplaces like Blur, these royalties is probably not enforced – however Santos can all the time resolve this with its personal closed market, much like Starbucks’ Odyssey program.
Both method, it is an ideal utility of Web3 expertise 😗🤌
