NFTs are very useful in NEW projects that lack TRUST. NFT, being a non-fungible and transparent token, generates trust around the project.

Why new projects need trust?

New projects need trust

We are living in a very fast changing environment. New technologies, approaches, projects come up every day. And it is very difficult to trust something new, something you never tried before. That’s why lots of new projects need trust.

Normally trust is generated by recommendations, well known brands or your own experience. Stop here and imagine that you come upon something new, that you have never seen or tried before.

How NFTs generate trust?

NFTs are trust generators

NFTs solve the problem of trust. NFT can not be modified, it’s non-fungible by nature. It can’t be copied or duplicated. And the most important – NFT can be verified in blockchain at any moment.

For example, an online service that helps you reduce your CO2 footprint. You can pay a monthly subscription and your carbon footprint will be reduced via special machines that consume CO2 from atmosphere and convert it into hard coal deep under the ground.

The technology is new. You never used it. It is yet not so common to use it in the society. How can you trust this company? Will they really reduce your carbon footprint or just take your money? How can you prove that you reduced your CO2 footprint?

Using NFT to generate trust

NFTs helps lauch new projects

NFT is the solution. A person who invented the technology can build a community of sympathizers, potential investors, around the the project by distributing NFTs.

Members inside the community will trust each other and the project. As soon as the project is ready, the community starts minting and granting NFTs to new members – users of the service.

NFT becomes a proof of project credibility. Members get proof that they really reduced their carbon footprint. As the community grows its popularity starts to generate trust. It becomes common to use services that help eliminate CO2 footprint.

Nota bene

I provide consulting services for new projects. If you liked the approach – feel free to contact me.

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