NFT.Kred supports simple NFT delivery and redemption methods.
Claiming an NFT
When an NFT (or Batch of NFTs) is offered as part of a giveaway or Bundle, NFT.Kred reports on how many of those NFTs have been accepted by receiving users. We refer to this as an NFT being "Claimed".
For example:
- A user mints a Batch of 100 NFTs
- They share the Giveaway Link with their community, whom they want to each collect 1 of the 100 NFTs
- 75 members of the community each visit the Giveaway Link and receive an NFT
**NFT.Kred will report to the issuer that 75/100 NFTs available have been Claimed
Redeeming an NFT
When an NFT (or Batch of NFTs) is minted or created, the issuer has the option to add a method of Redemption to the NFT - These methods include:
- Redemption via a Link (sends the NFT holder to a predefined link which delivers the offer)
- RSVP to Redeem (prompts the NFT holder to submit their information and RSVP for an event)
- Scan to Redeem (prompts the NFT Holder to present the NFT at a physical environment where its QR code can be scanned, verified and redeemed)
When the holder of an NFT with a redeemable offer completes one of the above actions, this marked the NFT as "Redeemed" and helps the issuer see how many of the available offers have been claimed.
For example:
- A user mints a Batch of 100 NFTs
- They choose for the NFT to be redeemed via a link, and attach a link with a promo code to their online store.
- They distribute the 100 NFTs among their community (via giving or selling)
- 75 members of the community each Redeem their respective NFTs and claim the attached offer on the online store
**NFT.Kred will report to the issuer that 75/100 NFTs available have been Redeemed
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