Unlock has created the first-ever mechanism for recurring subscriptions using membership NFTs. This upgrade to Unlock Protocol paves the way to replace legacy subscription systems that use centralized payments with a decentralized Web3 model.
Launch recurring subscriptions using NFTs
Unlock has created the first-ever mechanism for recurring subscriptions using membership NFTs. This upgrade to Unlock Protocol paves the way to replace legacy subscription systems that use centralized payments with a decentralized Web3 model.
Traditionally, using NFTs for memberships was a yes-or-no proposition: If someone held the NFT for a project, they had access to the project’s perks or community for as long as they held the NFT — potentially forever. From a creator standpoint, this is ok, but not great. Every NFT sold was, in effect, giving “lifetime access” to those who held the NFT. Unlock changed all this in 2019 by innovating membership NFTs that take into account the concept of time and that have an expiration date. Using
Unlock is not just another web3 app, it’s a protocol, so it’s more open for developers to build on top of it. Excited to see what the future holds :)
As a community professional, entrepreneur, creator, and supporter of the underdog, I'm so so grateful that this capability now exists and excited to put it into practice. As a member of the Unlock community, with the privilege of being part of the team of Makers on this, I'm beyond stoked and proud that we're getting these tools out into the wild world of web3, to bring more practicality and functionality the ecosystem as a whole. A lot of people who didn't "get" web3 before will "get it" when t
Very cool idea! Cheering you 👏🏽👏🏽
Nice! Congrats on the launch! This team is always shipping such useful stuff =)
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