# NFTs with benefits By [G360DAO](https://paragraph.com/@g360dao) · 2022-09-19 --- NFT is a term that has been appearing all over social media and the news in the last two years. An NFT is a Non-fungible Token, stored on a blockchain, which is essentially a digital ledger. NFTs function similarly to a cryptocurrency like Ethereum or Bitcoin. The major difference between interchangeable tokens like Ethereum and an NFT is that each NFT is uniquely different, hence the word non-fungible. An NFT can be a digital picture, song, file, and much more. Until recently, ownership of an NFT does not confer copyright or the ability to use legal action. Instead, it was more of a status symbol, and ownership is unique. Sure, someone can copy the image of your NFT and use it in their profile picture, but that doesn’t mean that they own it. Ownership is unique because there is specific code in the blockchain that ensures only one person at a time can own the NFT token. Projects such as CryptoPunks, EtherRocks, Bored Ape Yacht Club, Art Blocks, Pudgy Penguins, and more are simple jpeg images that range from thousands to millions of dollars per NFT. ### From speculation to utility On the surface, buying jpeg images for hundreds of thousands or millions of dollars may seem irrational. At a high level, the aforementioned projects are built very similarly. The collection contains a limited number of images with overarching characteristics that unify them (they are all cartoon apes for example). However, each individual piece within a collection has distinguishing traits (ie: eye color, fur color, clothes, items carried, etc.) and no two pieces are the same. Furthermore, certain traits have been purposefully engineered to be common throughout the collection while other traits are much rarer making those pieces with rare traits much more sought after. Nowadays buyers are more and more are looking for NFTs with so called ‘utility‘. Utility means that the NFT gives special benefits to the owner, besides having a unique piece of art. ### G360DAO NFT utility: revenue share G360DAO will create NFT collections with traits as you would expect. Please refer to the NFT properties overview below. The first collection of 10.000 NFTs will contain 9900 regular NFTs and 100 real unique ones. The 100 unique NFTs will present special benefits to their owners, such as: * T-Shirt * Stickers * Coffee mug * Lanyard * Meet the founders * Access annual DAO meetups * Token holder name on special page * Join advisory board However, all NFTs amongst the first 10.000 will have an additional benefit: revenue share. Once the G360DAO will have created a positive revenue stream, the NFT holders will be paid 8% of the revenue stream, until the initial purchase price + 10-30% of the initial purchase price has been repaid. This creates an approximate lifetime ROI of 10-30%, depending on the acquired NFT(s). ### G360DAO NFT properties For the NFTs that are eligible for revenue share we’re thinking of properties as described below. Hacker Types: * Red Team * Blue Team * Purple Team * Social Engineer * Reverse Engineer * Pentester * Developer * Black Hat * White Hat * Grey Hat * Hacker * Forensics * Incident Responder * Hacktivist Skill level: * n00b * Warrior * Ninja * Script kiddy * pwn3d * 1337 * Jedi * Master * Morpheus * Bene Gesserit * Reverend Mother * Acid Burn * Trinity Hacker tools: * Rubber Ducky * Metasploit * Mimikatz * Kali * Wireshark * Nmap * Netcat * BloodHound * Burp Suite * IDA pro * Lighthouse ### Future G360DAO NFTs In the future we will create additional NFT collections which will be reserved as reward for bug bounty researchers and other groups of people. Themes could include: * Arcade games * Christmas * Constellations * Branded vulnerabilities * CVE ### Do you want to support our cause? Buy one or more NFTs! Do you feel, as we do, that justice on the digital infrastructure really needs to be raised and do you want to provide us with the resources to work on real Information Security solutions? Then buy one or more G360DAO NFTs! By buying these NFTs you will ensure that G360DAO will have working capital to develop smart contracts, set up the legal structure, take care of everything around taxes and all other practical matters required to get started. Once G360DAO starts generating revenue we will share a capped portion of this revenue with the NFT token holders. However, this may take quite some time. [https://guardian360.activehosted.com/f/85](https://guardian360.activehosted.com/f/85) ### Know your customer - screening Know your customer - screening In order to be eligible for investment (both as regular investor of for NFTs), a Know Your Customer (KYC) screening will be mandatory for regulatory reasons. Once you cleared the KYC, you will be whitelisted and you can receive the tokens (investment or NFTs) bought. ### Sources Sources used for this article: * [https://modernconsensus.com/commentary/opinion/nfts-are-overhyped/](https://modernconsensus.com/commentary/opinion/nfts-are-overhyped/) * [https://medium.com/road-less-ventured/speculating-on-nft-speculation-9bce00ee6502](https://medium.com/road-less-ventured/speculating-on-nft-speculation-9bce00ee6502) --- *Originally published on [G360DAO](https://paragraph.com/@g360dao/nfts-with-benefits)*