2. Tokenization Benefits and Models

Choose the model that's right for your campaign

Web3 has created new consumer benefits and expectations, and tokens are the keys to connecting and unlocking them. Initial NFT projects established the idea of a token as a digital collectible, enabling brands, artists, sports teams, etc. to turn IP into ownership.

Enhanced strategies leverage token benefits for consumers in new ways:
- Build community, facilitate connection, invite participation, and connect with like-minded individuals.
- Access virtual and IRL events, access to exclusive content, and rewards for participation.
- Establish or highlight partnerships via cross-brand promotion and authentication.

We’ve identified four overarching NFT token framework models that deliver these benefits. They are not mutually exclusive and can work together to target multiple audience segments and create an inclusive/exclusive positive feedback loop. Depending on the brand’s objectives, assets, and means, selecting the right model mix for your audience establishes the blueprint for activation:

The Collectible Token

Description
The most popular (but often misunderstood) model to date. The Project dynamic is based on the collecting value of the NFT and tied to the brand’s intellectual property.
Example
Objective
Revenue from IP
Distribution
Primary NFT Sale
Segmentation
Broad, any fan of the brand is invited to participate
Incentive
collect, speculate, gamification
Engagement
NFT as a store of value
Cultural Relevance
High
IP Desirability
High
Loyalty Outcome
Loyalty Outcome

The Access Token

Description
Leverage NFT technology to distribute digital access passes
Example
Objective
Commercialize tickets/keys as a functional tool
Distribution
Primary NFT Sale or giveaways
Segmentation
Broad
Incentive
Access, content, status
Engagement
NFT as an event ticket
Cultural Relevance
Low to High
IP Desirability
None to high
Loyalty Outcome
Consideration

The Digital Good Token

Description
Leverage NFT technology to distribute digital goods that can be owned and used in the digital realm (web2 or web3)
Example
Objective
Commercialize digital goods
Distribution
Primary NFT Sale
Segmentation
Limited to a specialized audience
Incentive
practical use in the digital realm, metaverse skins
Engagement
NFT for digital use
Cultural Relevance
High
IP Desirability
Medium
Loyalty Outcome
Conversion

The Membership Token

Description
Loyalty or reward program based on NFTs
Example
Objective
Reward for engagement
Distribution
Primary NFT Sale or giveaways
Segmentation
Limited
Incentive
Access, utility, content, rewards
Engagement
NFT as proof of sale or participation
Cultural Relevance
Low to high
IP Desirability
Low to high
Loyalty Outcome
Retention