Issuers issue Benefits to an NFTH. Benefits can be anything – assets, vouchers, access to private content, perks, favours, discounts, VIP, tickets, special area access etc. etc.
Anyone can issue Benefits to an NFTH that they own via the NFT Assay Office Portal. All you have to do is register your portal account as an Issuer account.
If you are a brand owner, administrator of a club, celebrity or event manager and you want to Issue (or sell) a set number of VIP badges (which can then be sold or traded by the Owners), these can be NFTH’s.
Do you manage or issue loyalty or discount schemes? An “open” NFTH can have a number of Benefits assigned by multiple Benefit Issuers. A Benefit could be a voucher, access to limited content, a discount etc.
Do you have an online or retail shop? Give special discounts to NFTH owners, run promotions and offer giveaways with purchases.
Are you a trainer or author who wants to manage the release of content to a restricted community of NFTH holders?
It is easy – buy a Virgin NFTH from the OpenSea marketplace under the Hallmark collection and as the first owner, you can become the primary Issuer (and lock it to you as the sole Issuer if required), buy a Limited NFTH and become one of the Benefit Issuers for that NFTH, or look at the NFTH Directory obtain the NFTH ID from an existing Open NFTH and become a Benefit Issuer.
The type of NFTH can then be set at first smelting as:
- “Virgin” i.e. no Issuer’s registered
- “Open” i.e. anyone can add become an Issuer of Benefits to the NFTH,
- “Limited” i.e. the current Owner can become another Issuer of Benefits to the NFTH,
- “Locked” i.e. the original Owner is the only Issuer of Benefits to the NFTH, regardless of future ownership
Alternatively you can request for a Virgin NFTH to be minted for you using your own stamp (or a uniquely generated AI stamp). The Virgin NFTH’s will be minted and made available to you to buy and Own for the agreed nominal minting charge.
Limited NFTH‘s are also known as “favour-tokens“. An Owner, and only an Owner, can add a benefit to the token before they trade it on. They can also remove previous Issuers if they want. The token can then be sold within communities where benefits can build up over time. Benefits can be one-off favours that can be “called in” (redeemed) once or repeatable benefits. Over time the token builds up benefits from previous Owner Issuers. This could be a collection of favours across an industry or some learnings that can be passed on to mentorees.
Open NFTH’s are a good gamble as anyone can add a benefit – anyone (including celebs) can drop on random acts of kindness onto an NFTH, or brands can offer merchandise and deals. The Issuer can be rejected by the current Owner but again a selection of benefits can build up over time. So not only are they collectible limited edition digital art in their own right, their value can be enhanced through infinite possibilities by unknown and unforeseen Issuers. It is typical for Issuers who can offer Benefits relevant to the Collection to use this capability.
Benefits can be issued once to each consecutive Owner, once only, a specified number of times, a specified frequency (e.g. 2 per month), unlimited, time-bound etc.
“Charity-tokens” are any type of NFTH’s that have a specified % of the royalty fee donated to the named charity after each transaction. This is specified when a token is first smelted i.e. the Hallmark reference is issued to the NFT by the Assay Office to make it an NFTH.