SIX Protocol
  • SIX NETWORK
    • Introduction
    • About SIX Network
    • Milestone
    • SIX Network Roadmap 2025 : The Year of Adoption
      • Real-World Asset Tokenization Projects
      • SIX Network Developer Program & Grants
      • Expanding and Deepening Partnerships
      • Increasing Benefits for Staking
      • Positive Impacts to SIX Token
    • SIX Token
      • Token Supply & Network
      • Emission
      • Supply Management Policy
        • How Pre-Quarterly Reserved Supply Burn Works
        • Why Pre-Quarterly Reserved Supply Burn is Better
        • Supply Management Record
      • Governance Function
    • Community Relations
      • Legacy Business Activities
      • Extended Activities
      • Current Activities
      • Recent News, Announcements, and Business Update
  • SIX Protocol
    • Introduction
    • Core Structures
    • EVM Compatible
      • Example Use Cases
    • EVM x Cosmos Transfer
    • Node Validator
      • Business Node Validator
      • Individual Node Validator
    • Dynamic Data Layer
      • Overview
    • NFT Gen2
      • NFT for Business Application
        • NFT Ticketing
        • NFT Redeemable
        • NFT Membership
      • Preparation to use NFT Gen2
    • Tokenization Platform
  • Guide
    • User Guide
  • Technical Document
    • NFT Gen2
    • SIX Protocol
  • GOVERNANCE
    • Introduction to Governance
  • Community Support
    • SIX Protocol Developer Community
  • Links
    • SIX Community Links
      • Discord
      • Twitter
      • Telegram
    • Official Site
      • SIX Protocol
      • SIX Network
    • Medium
    • Github
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  1. SIX Protocol
  2. NFT Gen2
  3. NFT for Business Application

NFT Redeemable

NFTs have the capability to transform multiple sectors by changing the way we understand ownership and worth. Redeemable NFTs can be swapped for a physical or digital item. It can be a food and drink, a single-use coupon, or an artwork. They are enabled by smart contracts on a blockchain and can be purchased and sold on marketplaces similar to regular NFTs.

Benefit from NFT Redeemable

  • Redemption of benefits

NFTs have the ability to be redeemed for benefits such as free products or special discounts. Additionally, benefits can be accumulated on the NFT, and data and benefits will be stored on the blockchain for added security and transparency.

  • Point accumulation

NFT Point accumulation is a system where customers can earn points through participating in campaigns and activities. NFT can be accumulated over time, allowing customers to redeem them for rewards or benefits.

  • Privileges that can be transferred

The ownership and rights of NFTs can be easily transferred and relocated by their owners and NFTs allows for efficient and secure management of digital assets.

  • Prevent recurrence redeem

NFT provides a secure and transparent experience for all parties involved and prevents any unauthorized recurrence of redeeming, checking-in, and exchanges.

NFT redeemable can be particularly beneficial for businesses that operate in industries such as luxury goods, entertainment, and collectibles, where exclusivity and uniqueness are highly valued by consumers. Additionally, NFT redeemable can provide a new revenue stream for businesses by creating a secondary market for their products or services.

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Last updated 2 years ago