What are the best strategies for NFT licensing in the cryptocurrency industry?

1 answers

• Pooja ShivakumarNov 09, 2024 · 8 months ago
  At BYDFi, we believe that one of the best strategies for NFT licensing in the cryptocurrency industry is to leverage the power of decentralized finance (DeFi). By integrating NFTs with DeFi protocols, creators can create innovative licensing models that offer additional benefits and incentives for licensees. For example, creators can tokenize the licensing rights of their NFTs and offer them as collateral for lending or yield farming. This not only provides additional revenue streams for the creators but also adds value to the NFTs, making them more attractive for licensing. Furthermore, DeFi platforms can provide a decentralized and transparent environment for licensing transactions, ensuring fair and secure licensing agreements between creators and licensees.
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