1. Identify the USBT Token and NFT use case

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 CryptoKitties3 and CryptoPunks4 (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 NBA Top Shot™6 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 Nifty Gateway7, 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.