NFT Reward Systems

GM! From power-packed punches to bowling strikes and dim sum, more NFT loyalty programs are transforming member incentives.

This Week's Low-Down:

• 🥊Fighting League Delivers a Knockout NFT Ticketing System

• 🎳 Bowling Club to Strike Gold with NFT Loyalty Program

• 🥟 WoW Bao’s NFT Reward Initiative to Spice Up Asian Food Experience

• Bitcoin Surges to Second Place in NFT Sales, Challenging Ethereum’s Dominance (NFT Evening)

• Star Wars NFTs Launch Today—Five Rarity Traits to Unveil (NFT Lately)

• Streetwear Brand The Hundreds Opens Metaverse Shop With Exclusive Drops (Decrypt)

• The Key Takeaways from Ledger CEO’s Open Letter (NFT Evening)

• Sorare Carves Out Unique Entry Method for France Due to NFT Regulations (CoinDesk)

• STEPN Integrates Apple Pay to Overpower Web3 Barriers (NFT Lately)

• Christie’s 3.0 Auction: Jack Butcher’s Digital Artwork Sells Out, Fetching Over $93,000 (NFT Evening)

• PBA Rolls Out Bowling Awards with Avalanche NFTs (NFT Lately)

• Digital Beauty: Coveteur and Wella Professionals Present The Wella Generator (NFT Evening)

• A Big Week for Art Blocks as Prices Surge! (NFT Evening)

• RSTLSS x Claire Silver Merge Fashion, Art, and Technology in Pixelgeist (NFT Evening)

• Web3 Infrastructure Company Upstream Launches ‘Learn and Earn’ DAO Course (CoinDesk)

Other Stuff We Dig:

• BlockDown Festival’s Voyage from Virtual to Real-World Antics (NFT Lately)

• Laser-Eyed Maxis vs JPEG Enjoyers: What You Need to Know About the Great Bitcoin Debate (Decrypt)

• Yuga Labs CEO: 'The Metaverse Is Not New' (CoinDesk)

• Ticketing Will be a Huge Use Case for NFTs - Gary Vee (Cointelegraph)

Trending Collections on OpenSea:

• Pudgy Penguins [Floor Price - 5.43 ETH]

• Nakamigos [Floor Price - 0.30 ETH]

• FUKDUKS [Floor Price - 0.2 ETH]

Fighting League Delivers a Knockout NFT Ticketing System

The Professional Fighters League (PFL) brings an NFT ticketing system into its ring, reshaping the traditional model and offering exclusive experiences to match attendees.

• PFL embraces technology advancements, introducing an innovative NFT ticketing system to revolutionize the ticketing experience in the fight industry.

• The new NFT ticketing initiative by PFL grants season ticket holders exclusive benefits, including access to boxing matches, pre-battle weigh-ins, cage-side seats, fighter interactions, and immersive ring walk experiences.

• PFL partners with CrossTower's CEO, Kapil Rathi, leveraging the efficiency and scalability of the XRP Ledger to establish a robust backbone for their NFT ticketing system, ensuring a streamlined and secure ticketing process.

• Super Bowl LVI attendees had the opportunity to design PFL's NFT tickets, resulting in visually captivating mementos enriched with animated elements on the Polygon blockchain.

• By combining technological innovation, strategic partnerships, and creative design, PFL sets a new standard in ticketing, offering an immersive and secure experience for fight enthusiasts.

Bowling Club to Strike Gold with NFT Loyalty Program

The Professional Bowlers Association (PBA) is striking to score new fans by launching an NFT loyalty program that allows members to collect digital awards in the world of bowling.

• Professional Bowlers Association (PBA) introduces a groundbreaking NFT loyalty program for its membership, rewarding bowling achievements with digital awards.

• The League Bowler Certification (LBC) program will recognize high scores and evolve into a comprehensive loyalty program, allowing players to earn points for physical products, trophies, and experiences.

• PBA plans to expand the cutting-edge loyalty program globally, offering integration without requiring members to engage with cryptocurrencies directly.

• The digital awards, known as 'Digital Awards,' are NFTs residing on the Avalanche blockchain, with Layer 3 Labs operating a dedicated Avalanche subnet to ensure smooth operation.

• PBA's innovative use of NFTs in the bowling community marks a significant milestone in integrating blockchain technology into traditional sports, revolutionizing loyalty programs, and recognizing bowling accomplishments in a digital realm.

WoW Bao’s NFT Reward Initiative to Spice Up Asian Food Experience

Wow Bao is serving up a feast of digital collectibles that open up tasty rewards as a part of its new innovative NFT initiative.

• Wow Bao transforms its point-based rewards program into an NFT-backed loyalty system, offering unique collectibles called 'CollectaBaos' for purchase.

• NFT artist ManoverMars creates the digital assets available for minting at $99, granting purchasers membership to Wow Bao's loyalty initiative and providing discounts, free meals, and merchandise.

• The Asian street food giant partners with Web3 ordering platform Devour to sell the NFT assets on the DevourGO marketplace, with Paytronix powering the integration of NFTs into the rewards system.

• These NFT mints, known as "courses," will introduce additional perks such as special events, cooking classes, encounters with the CEO, early access to new bun flavors, and more.

• By avoiding the explicit use of terms like 'Web3' and 'NFT' in customer communications and eliminating the need for a crypto wallet, the food company aims to attract a broader audience to its innovative NFT loyalty program.

Today's edition was written by Leah Alger.

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