Real-Life Utility: Redefining Digital Collectibles

Fueling utility is at the core of our mission at NFTrace. The use of collected objects in the real world and their use cases in real life draw the potential of this technology. The objects offered through this platform are made up of two main categories of collectibles and utility.

In the utility section, which our B2B department is continuously expanding, we offer non-fungible tokens with real-world uses. These include discounts, subscriptions, giveaways, tickets, raffles, and invitations. Discounts are NFT objects that a user collects and can later use to buy items for less from the offering (nearby) shops and restaurants. Subscriptions are free trial periods of online services that a user can collect and redeem. Giveaways are objects (digital or physical) that a brand gives away to their customers. The physical objects could be redeemed when the user visits that brand's outlet. Tickets are issued as NFTs for events, and Raffles are solutions for businesses to place raffle tickets in a particular area and the lucky people who get it will be allowed to participate. Invitations are a way to invite individuals based on their location, viewed as more precious by their recipients.

Our B2B department is working to expand the utility section and making it beneficial for businesses to use the platform for their promotions and events. Brands such as TopShot, The Sandbox, and Sorare, have already started doing NFT drops, whether physical, virtual, or both. We believe that by providing more use cases for NFTs, it will increase the adoption and understanding of this technology.

Ultimately, NFTrace offers a unique utility section that allows users to collect NFTs with real-world uses such as discounts, subscriptions, giveaways, tickets, raffles and invitations, that are beneficial for businesses to use the platform for their promotions and events. We believe that by providing more use cases for NFTs, it will increase the adoption and understanding of this technology. Brands such as TopShot, The Sandbox, and Sorare, have already started doing NFT drops, whether physical, virtual, or both. We aim to join the league of such brands by providing a platform for all kinds of brands and creators to do so.