Mark Usage Value
One of the most apparent use cases for the NFT Gen 2 is its ability to track and trace the NFT usage, which means that we can now mark the usage value of that NFT.
For example, an NFT can redeem premium dine-in experiences for 3 meals. Usually, we would need to find a way to track the usage of how many times the holder has redeemed the meal since the original Metadata shouldn’t be manipulated. With NFT Gen 2, on the other hand, everyone will be able to see the current status of the NFT utility.
Point System
For the first time ever, NFTs holders can participate in any community event or activity and get points distributed through on-chain transactions! It is fascinating to see how NFT Gen 2 can make that happen without manipulating any original metadata.
Mission Setting + Transformation
Another use case of the NFT Gen 2 is for any business to set up missions, such as checkpoints, spending amounts, and any other tailored made activity for holders to join in. The highlight of this use is the fact that the NFT can be transformed once a specific condition has been reached, for example, by completing three missions.
Here’s an example of NFT transformation from our Whale Gate collection: