We already know what Mitama is and how it is giving back through our community. This is not your ordinary NFT project, it is one with the goal of improving the world for the long term.

The reason Mitama Mint will achieve many of these goals is because of the Ethereum blockchain.

But what if Mitama Mint had not used the blockchain? What would that look like? In this article, you will find out what Mitama Mint might have missed without the blockchain.

Ownership

Without blockchain, ownership verification would be difficult for Mitama Mint. This would leave room for fraud. It would also make it more difficult for owners to take full advantage of the value of their NFT. Why?

While you can take a photo or download a picture off the internet, the true ownership of that photo will always lie with one person or company. Blockchain allows Mitama Mint holders to own their NFT and enjoy all of their rights over it’s value.

The record of ownership on the blockchain allows anyone with access to verify ownership of your NFT. This greatly reduces the chance of fraud.

Transferability

Imagine you had to sell a painting. You draft a paper contract, wait for payment, then arrange delivery. That’s quite costly and time consuming.

With the help of smart contracts on the blockchain, transferring ownership becomes easy. Smart contracts set conditions for both buyers and sellers. These conditions must be fulfilled in order to complete the transaction successfully. Because smart contracts are built into Mitama Mint NFTs, transactions are more secure, seamless and fast.

Guaranteeing Authenticity

Without the blockchain, Mitama Mint NFTs could be replicated or altered. However, since they are on the blockchain, they are immutable, making it difficult to remove, replace or modify them.

Trace, Track and Monitor

Without the blockchain, the visibility of the donation process would be difficult. Limited transparency would reduce the accountability of charities promising to honor donor goals.

Economic Opportunities

Without the blockchain, the holders and creators of Mitama Mint would experience less financial benefit from their involvement, loyalty and commitment.

With the help of NFTs, creators and holders can maximize their profitability. Instead of using intermediaries, who may take a portion of the proceeds, creators and holders can sell directly to buyers.

Even after the sale, holders can still benefit through royalties. Mitama Mint has a built-in provision allowing this.

In A Nutshell

Mitama Mint needs the blockchain. Without it, many of the benefits through ownership, transferability, authenticity, monitoring and economic value would not be possible.

Blockchain technology offers a unique platform that allows Mitama Mint to provide the best value for donors, holders, charities and beneficiaries.

It is a technology that is vital to our project.