Coinage, a digital media company, has adopted a novel approach to building a community around its show.
It has released three tiers of NFTs or Non-Fungible Tokens, which serve as a digital asset that can represent ownership of unique items or assets.
Network Membership Passes
Coinage has distributed Network Membership passes as part of its launch to fund the show and give holders the ability to co-own its content.
These passes represent a new way for creators to engage with their audience and monetize their content.
They also provide an opportunity for fans to invest in the show and share in its success.
Subscriber Membership Passes
Subscriber Membership passes, on the other hand, offer exclusive access to Coinage’s content before it gets released to the public on YouTube.
This feature incentivizes fans to purchase the passes and be among the first to view the show’s latest episodes.
It also offers an exclusive experience that only subscribers can access.
Caucus Passes
Lastly, Coinage offers Caucus Passes, which allow the holders to weigh in on the topics that the show covers.
This feature gives fans a say in the direction of the show and an opportunity to engage with the creators on a deeper level.
Commentary
Coinage has recognized the potential of NFTs to build a Web3 community around its show.
The Network Membership passes, Subscriber Membership passes, and Caucus Passes serve as a novel way to incentivize fans to invest in the show and engage with the creators.
It is an example of how NFTs can be used beyond the realm of art and collectibles to create new forms of engagement and revenue streams for creators.
By offering different tiers of NFTs, Coinage is catering to a range of fans and allowing them to engage with the show in different ways.
The Subscriber Membership Passes, in particular, are a great way to create a sense of exclusivity and incentivize fans to invest in the show’s success.
The Caucus Passes also give fans a say in the show’s direction and create a more collaborative experience.
Overall, Coinage’s approach shows how NFTs can be a powerful tool to build a community around content and create new forms of engagement and revenue streams for creators.