Universal Blockchain (USBT)
  • Introduction
    • Project Overview
    • Executive Summary
  • What are USBT Tokens and NFTs?
  • USBT's Commerce & Engagement Boost
  • Token Ecosystem
  • How to Integrate USBT Tokens and NFTs
    • 1. Identify the USBT Token and NFT use case
    • 2. Mint the USBT Token and NFTs
    • 3. Decide how to store digital assets in a long-term sustainable way
      • Vesting Plan
    • 4. Store and access USBT Token and NFTs securely and easily
    • 5. Distribute across an applicable marketplace
    • 6. Identify additional opportunities to engage fans
  • Considerations Associated with Change
  • USBT - The Trusted Engine of Commerce
  • Key Team Members
  • Conclusion
  • Glossary of Terms
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  1. How to Integrate USBT Tokens and NFTs

1. Identify the USBT Token and NFT use case

PreviousHow to Integrate USBT Tokens and NFTsNext2. Mint the USBT Token and NFTs

Last updated 10 months ago

First and foremost, there should be alignment on how Universal Blockchain (USBT) Token and NFTs will be used. Depending on the use case, there are different mechanisms to design an Universal Blockchain (USBT) Token and NFT, like edition size and distribution. Some of the most prominent use cases seen to date include collectibles, art, gaming, and experiences.

a) Collectibles

The digital scarcity that Universal Blockchain(USBT) Token and NFTs enable is a natural fit for collectibles or assets whose value is dependent on there being limited supply. Some of the earliest Universal Blockchain(USBT) Token and NFT use cases include and (10,000 unique pixelated characters), with individual CryptoPunk Universal Blockchain(USBT) Token and NFTs like Covid Alien selling for $11.75 million5. More recently, popular brands are creating Universal Blockchain(USBT) Token and NFT-based collectibles, like moments, which are digital basketball cards, but instead of static images, these Universal Blockchain(USBT) Token and NFTs contain video highlight moments from NBA games.

b) Art

Universal Blockchain (USBT) Token and NFTs enable artists to sell their work in its natural form factor as opposed to having to print and sell pieces of art. Additionally, unlike with physical art, the artist can receive revenue upon secondary sales or auctions, thereby ensuring they are recognized for their original creations in subsequent transactions. Universal Blockchain (USBT) Token and NFT marketplaces devoted to art-based Universal Blockchain (USBT) Token and NFTs, such as sold/auctioned over $100M of digital art in March 2021 (Crypto Art, n.d.).

c) Gaming

Universal Blockchain (USBT) Token and NFTs also provide significant opportunity for gaming thanks to the ownership opportunities they introduce. While people spend billions of dollars on digital gaming assets, like buying skins or costumes in Fortnite, the consumers do not necessarily own these assets. Universal Blockchain (USBT) Token and NFTs would allow gamers playing crypto-based games to own assets, earn assets in-game, port them out of the game, and sell the assets elsewhere, such as an open marketplace.

CryptoKitties3
CryptoPunks4
NBA Top Shot™6
Nifty Gateway7,