- A Wednesday press release announced AssetDash's launch of DashDeals. Similar to AMEX Rewards from Web2, a rewards program based on assets.
- With DashDeals, you can receive rewards instantly for DeGods NFTs, CryptoPunks, Bored Apes, Moonbirds, and other high-end NFT projects.
- In addition to iTunes, Nike, and GameStop gift cards, NFT holders can enjoy Apple gift cards, Nike gift cards, GameStop gift cards, and Discord Nitro subscriptions.
Why it matters
NFTs are no strangers to the promise of utility. There are even some who argue that imposing utility on an NFT project can hurt its quality. For new NFT projects entering the market, utility remains a top priority - particularly for corporate-backed projects.
However, most buyers of things expect to be able to use them after they purchase them. As a result, numerous projects have served as membership passes in the past. There will be a message saying, "Buy our NFT, and you'll get X perks in the future."
If a third party stepped in and provided tangible utility to holders of NFTs, what would they do? DashDeals aims to accomplish exactly that. In addition, Asset Dash hopes to promote first-time Web3 adoption by encouraging brands to use its platform. AssetDash Matias Dorta said in a press release that DashDeals gives investors easy access to hundreds of deals based on assets they own.
What’s next
With Bored Ape Yacht Club being a large, well-respected organization, owning one of these eye-wateringly expensive NFTs also confers an intangible advantage. The community. All community activities will be available to you once you join the Bored Ape Yacht Club and purchase a Bored Ape NFT. Whenever a member is logged into bored Ape, their IP address is available to them to use however they desire.
An NFT from Bored Ape sounds like a great opportunity. Considering utility is an important consideration for every NFT project. It is even possible for NFT projects to be so intangible that they don't even provide any value other than artistic merit. DashDeals hopes to provide holders with more reasons to hold onto their NFTs instead of simply viewing them as speculative assets. Duncan Cock-Foster, founder of Nifty Gateway, said last August that the NFT space needs to move beyond its mainly speculative nature. You may not want to sell your blue-chip NFT even if it is currently free, since Disney Plus membership will be free in the future.
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