What is the difference between "Claiming" and "Redeeming" an NFT? [117]

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:

  1. A user mints a Batch of 100 NFTs
  2. They share the Giveaway Link with their community, whom they want to each collect 1 of the 100 NFTs
  3. 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:

  1. Redemption via a Link (sends the NFT holder to a predefined link which delivers the offer)
  2. RSVP to Redeem (prompts the NFT holder to submit their information and RSVP for an event)
  3. 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:

  1. A user mints a Batch of 100 NFTs
  2. They choose for the NFT to be redeemed via a link, and attach a link with a promo code to their online store.
  3. They distribute the 100 NFTs among their community (via giving or selling)
  4. 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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