TLDR; NFT Memberships are a powerful no-code tool for creators and communities to monetize special access and benefits. Make sure to like & RT the Official Twitter announcement ✨
Web3 is evolving at lightning speed, and so is Coinvise. When we started Coinvise in November 2020, we wanted to give creators and communities economic freedom by letting them create a tokenized community and mint social tokens (ERC-20) in seconds.
A year and a half later, tokenized communities have shown their efficiency, and creators and communities’ needs have evolved way beyond minting their tokens.
After introducing many new features that allow creators to reward & pay contributors, avoid gas fees on transactions, and create trust at scale, Coinvise has quickly become the go-to platform for many of the most famous tokenized communities.
Yet, we noticed creators were still struggling with a few blockers when building a tokenized community:
And we heard them.
We’ve been working hard for the past months to come up with innovative solutions, and we’re incredibly excited to expand today our product offering with Coinvise NFT Memberships.
We believe the future of tokenized communities will need efficient tools that can leverage both the power of NFTs and Social Tokens - and we’re here to build them.
Note: If you’re interested in minting your first Coinvise NFT Membership today, you can access a full tutorial on how to do it here.
Membership tiers on Coinvise are represented by a NFT with a fixed price and limited supply. Each tier unlocks specific benefits for community members and can be renewed to create recurring revenue for creators and communities 💰
In addition to custom benefits, creators can add Coinvise Verified Plugins that enable sending an automated airdrop and accessing to a membership-gated discord. Because the flow is happening on our platform, and because we’re partnering with other incredible Web3 projects such as Guild.xyz, members can be sure to receive benefits when purchasing a membership.
In future we aim to partner with platforms that play complementary to our vision and integrate more plugins for token-gated utilities. Upcoming integrations include Unlock Protocol, Mintgate and more.
We aim to add more plugins that offer composable ways to create tiers with rich utility.
Finally, dashboard on Coinvise now includes real-time data on membership revenue, tokens distributed and a member directory to better understand your community.
From our work with hundreds of web3 communities, we realized that building a community takes time and is hard enough without introducing the challenges of token design and distribution.
Launching a token at the outset is not always the easiest or most straightforward path to getting started. For those creators who aren’t quite ready to launch an ERC-20 token, but are still looking to kickstart their web3 community, we wanted to provide a new solution.
With the ability to create NFT directly from Coinvise, creators and communities have now access to entire toolkit to kickstart, then scale their most ambitious projects.
Here’s how we envision a potential communities' life cycle looking like moving forward:
Throughout 2022, we've noticed more and more communities considering NFTs as their initial community token. We recognized the ease of getting started through NFTs relative to launching an ERC-20 token, and have been working hard on expanding our tools offering to match creators’ needs.
Moving forward, our vision remains building the essential toolkit for launching and managing tokenized communities—whether fungible or non-fungible. You can expect many additional updates coming soon that align with this direction we’re setting for Coinvise.
Building impactful web3 communities has never been as easy. Launch your tokenized community today 👇