This led us to some thoughts and discussions about where the future market increment would come from. So we thought: how many people know about the concept of NFT? If there were a million users currently owning at least one NFT in their wallets, then the actual number of people who had at lease heard of this three-letter word should be multi-millions, because people would tell their friends and families about it. NFT enthusiasts make all kinds of merchandises and give them to friends as gifts. An increasing number of brands are merchandising NFT IPs too.

As an on-chain token, NFT is already creating business values IRL, and generating enormous off-chain data. There is an obvious outcome: the continuous accumulation of the IRL activities of a specific NFT should contribute to its own added value. For instance, if BAYC-1001 (just a random example) is authorized for commercialization and generates a huge amount of dollars while BAYC-1002 sits in someone wallet and not doing anything, shouldn’t BAYC-1001’s resume looks more awesome? Of course, we are talking about an on-chain resume here.

Thus, the idea of building an IRL extension protocol came to our minds. The problem is clear, IRL data needs to be collected and sorted before storing on the blockchain. We need some kind of media to do this. The licensing of an NFT can be done via a dApp; the production of the related merchandises can be tracked via authentication codes; the location and social being of a certain product can be presented with a chip or a QRC. There’s a lot more, for sure, we will just have to keep thinking and working.

We’ve already accomplished some of our early goals. We are now in collab with a popular trendy brand “#NoHashTag” and releasing our first NFT collection Encrypted Hash Artisan NFT. The first product Encrypted# Techwear has been launched. Users are able to order custom-made trendy clothes with any of their own NFTs by providing wallet addresses. Each cloth has a built-in chip which shows the on-chain data of the corelated NFT printed simply by holding your smartphone close to the cloth. There are more features coming as we are focusing on building the protocol. A lot of businesses from other sectors are interested in having our protocol integrated to their products too, so there’s going to be more collab announcements soon.

It is also worth mentioning our own NFT collection, the Encrypted Hash Artisan NFT. It will be an interesting minting experience for everyone because you will be given the freedom to design a very cool pattern as part of the NFT. The pattern you design will be listed for all of our future business collabs, and you are entitled for sales shares. As a creator of the NFT, you are also entitled for part of the future trade royalties as well. You will also get permanent discounts, future drops etc. The benefits are almost all yours.

We wish to carry out our future works in a more decentralized way, which is why a Decrypted# DAO is on the way. We’ve gathered the initial funds needed for the DAO, and its purpose is to serve a reliable realization of our ideas.