Usecases

The Ember Protocol is not creating a bias on what the most-adopted use cases of NFTs will be. Ember supports every kind of NFT, whether it’s gaming, music rights, memberships, or the future utilities of NFTs that are yet to be implemented; sharing and borrowing these digital assets will be possible through the infrastructure that Ember provides.

Gaming

Gaming on the blockchain has already proved to be hugely popular, and Ember allows players to access the different worlds of these Games by enabling the renting of NFT assets for a fraction of the price, lowering the barriers to adoption. Ember helps gaming guilds become more capital efficient, and games to bootstrap users by unleashing the power of a sharing economy. characters, skins, weapons, the scope is endless, and introducing the ability to take these assets and monetizing them in a new and different approach that is much more scalable is something that is needed to grow Gaming & Earning - and exactly what we are introducing with Ember.

Metaverse

Similarly to Gaming, the Metaverse has seen great interest from institutions, investors, brands and Users, who are buying land in the Metaverse to leverage its future potential. Now, with Ember, they could put their Land to work, for example renting it to others to earn passive income, in a similar way to how Real Estate in the real world might work. This won’t just benefit the users, brands, and retailers who want to get access to the Metaverses, but also helps Metaverses themselves grow and scale as they are being connected with new stakeholders who can now tap into their worlds as Ember has made it that much more accessible.

Entertainment

Ember allows users to create a sharing economy for sports, music, movie & sport utility NFTs. For example, Music artists are beginning to sell their music as NFTs, competing against low-paying streaming services. By tokenising Music and the rights for this, it opens up a whole new market for Artists to make money from their music, and for holders of the NFTs to get access to the Music Rights or other exclusive benefits. Artists are now also creating NFTs to auction off the Royalties or Publishing rights to their music and creations, or to sell the Publishing rights to their music - allowing investors to hedge bets of the future value of these rights. The same logic applies to Movies, Sports, and more. Now these Entertainment Assets can be leveraged and earned from through Ember.

Access Passes

Profile Pictures and Community Collections are gaining additional utility as Access Passes - acting as the key to merchandise, events, and experiences that are only available to holders of specific collections. Notably, Shopify has launched partnerships with Web3 brands such as Moonbirds, Doodles, Invisible Friends, Cool Cats, World of Women and more, creating tokengated shops which can only be accessed through holding the respective NFTs. Using Ember, access to these communities and exclusive events, merchandise and experiences can be gained by borrowing an NFT, and these digital assets can be leveraged by holders and earned from through sharing them to others.

Web Domains

One of the biggest businesses of Web2 was domains. Depending on traffic, popularity or simply the name, prices could sometimes reach millions. We’re already seeing ENS sell for high prices - crypto.eth sold for 60e, google.eth sold for 52e. We’re already seeing some brands picking up their own ENS - but not everyone - and especially not the Web2 brands who will inevitably make the leap to Web3 - will be that fast or that savvy to get the ENS they desire. Someone who becomes an owner of such an NFT could choose to rent it out and allow people to pay a fee to use a subdomain of this ENS. In another instance, a business may choose to rent the ENS to be used as a wallet address to receive funds for their business. The different use cases and utility of ENS that come about can all be earned from and leveraged through Ember.

These are just a selection of the opportunities to lend your NFTs, and as the utility of NFTs expands, as will the opportunities to leverage these utilities through Ember. With Ember, any NFT can be transformed into a yield-generating asset, earning Lenders passive income and allowing Borrowers to access the different utilities of different NFTs for a fraction of the price.