3.4. NFTs for Capturing Engagements

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We envisage the role of NFTs in the SingularityNET ecosystem as going beyond proof of an ambassador's engagement and contribution to the project..

In addition to token distribution, the metadata of token transactions is directly recorded into the metadata of contributors' NFTs. Each ambassador has their own NFT, which serves as a digital representation of their involvement in the SingularityNET ecosystem. These NFTs are minted as open policy NFTs on the Cardano blockchain, ensuring their accessibility, interoperability, and overall security.

The intention is that as ambassadors receive more tokens for their contributions their NFT metadata will grow and evolve. This dynamic use of the NFTs will provide a visual and tangible representation of each ambassador's commitment and serve as a form of social proof showcasing the ambassador's expertise and dedication to the project.

Furthermore, NFTs provide the potential for additional utility, including but not limited to:

• Unlocking exclusive benefits: NFTs can be used to grant ambassadors access to exclusive events, resources, or opportunities within the SingularityNET ecosystem. As an ambassador's NFT evolves with their contributions, they may unlock additional perks and benefits, further incentivizing participation and fostering a sense of accomplishment and belonging within the community.

• Transferability and secondary markets: While the primary focus of the NFTs is to represent an ambassador's contributions, there may be opportunities for secondary markets in which NFTs can be traded or sold. This would allow ambassadors to realize the value of their contributions beyond their direct involvement in the project. However, appropriate measures would need to be put in place to prevent potential manipulation or adverse effects on the ecosystem's governance. The NFTs can have the discord ID of the person in their metadata and DIDs can be used later on to prevent the transfer problem.

• Cross-collaboration among guilds: NFTs can be used to facilitate cross-collaboration among different guilds and workgroups within the SingularityNET ecosystem. By recognizing the contributions made by ambassadors across multiple guilds, the ecosystem can promote cooperation and knowledge sharing, ultimately leading to more innovative and effective solutions.

• Showcasing ambassador achievements: NFTs can also serve as digital badges, showcasing an ambassador's accomplishments within the SingularityNET ecosystem. These digital badges can be displayed on social media platforms, personal websites, or other online profiles, allowing ambassadors to share their involvement and achievements with a wider audience

• Gamification and engagement: The evolution of NFTs with an ambassador's contributions can introduce gamification elements to the ecosystem. By setting specific milestones or targets, ambassadors may be further motivated to participate and contribute, leading to a more engaged and active community.

In conclusion, the use of NFTs within the SingularityNET ecosystem extends beyond just representing an ambassador's engagement and contributions. NFTs can play a crucial role in unlocking exclusive benefits, facilitating cross-collaboration, showcasing achievements, and introducing gamification elements.