What are NFTs?
NFT, or Non-Fungible Token, is a feature of blockchain technology. The “non-fungible” part indicates that a single NFT cannot be duplicated, and is therefore unique. It is a digital security that represents virtual financial assets. So, in a way, it is an alternative to cash and traditional currencies and their exchange methods.NFTs are one of the more recent innovations in the Web3 domain. They can be used to provide secure features like NFT-based token gating, NFT-based content restriction.
What is NFT Token gating?
NFT token gating is a way of restricting access to specific media, websites, content, services, or live events through the ownership of NFTs.Token gated access can be customized to a particular user, and to a particular need. Custom tokens can be generated to grant a small group of users access to live streams or meetings.NFT token gating can be enabled on different CMSs and platforms like WordPress, Shopify, DNN, Laravel, WooCommerce, Wix, SquareSpace, Joomla, Drupal, BigCommerce, Magento, Webflow, Weebly, Jimdo, Discord, and Bitrix.
Where is NFT gated content used?
NFT gated content can be of use in the domain of education, e-commerce, consulting, and web development, among others hosted on WordPress. Example, for education media pages on WordPress, you can restrict access to files of certain extensions like .pdf, .jpg, .png, .docx, .html, just to name a few. For an educational institution, it becomes easy to manage which files are accessible by senior professors and researchers.
Why to do NFT based media restriction?
NFT based restriction is a flawless approach to restrict access to media on WordPress. Restrict/Gate access to Images, Audio, Videos, Files, Documents, PDFs and Folders on WordPress based on NFT ownership/holding in crypto wallet. This approach allows you to access media based on NFT owned in wallet.User who do not own the required NFTs can be redirected to OpenSea, SuperRare, and Rarible NFT marketplaces.The NFT Type,Standard and Quantity can be set to access media. Additionally access to different types of media on WP such as .pdf, .jpg, .png, .docx, .html can be restricted/gated by NFT login.
Use cases of NFT-based media restriction
NFT Token-gated merchandise
Customers can be allowed to purchase merchandise on WordPress online store based on the NFTs they own in wallet. This can be integrated with NFC tags, QR codes, or ID cards to further streamline the process.
Course Management
LMS based file restriction help you to restrict access based on NFT Ownership on WordPress pages. Whenever a User will do NFT transaction then the access to media will be updated automatically based on the NFT ownership status.
Folder restriction
You can have a pre-protected folder on WordPress that is accessible only by select members of an organization or team. Or, you can create a new folder for particular projects,token gated by NFTs. In either case, these folders on WordPress can contain media files in .jpg, .png, .pdf, .docx, .html, or other formats.
One-click verification
Like SSO, a user can access NFT-gated WordPress websites without having to create a new account entirely, which can be exhausting. Instead, they only need to be logged into your cryptocurrency wallet that holds the necessary NFTs relevant to the WordPress website or service they wish to access.
Community environment
Creating a community environment on WordPress can be quite fruitful in increasing sales of merchandise and other products restricted by NFT owned in crypto wallet. It creates a sense of belonging and value for individuals. This also introduces FOMO, if products or services are time-limited. Early adopters can be specially rewarded with NFTs, granting access to exclusive benefits.
Limited access to consultation services
If your organization is taking the help of third-party consultation services, naturally you wouldn’t want to share all of your secrets and documents with them. A special folder can be created, containing all the media files on WordPress and access can be given based on NFT ownership. Access to this folder is NFT gated, and these NFTs can be personally shared with members of the agency.
Features of NFT-based media restriction
Secure access
NFTs are built on blockchain technology, which is known to be secure and reliable. It operates on a peer-to-peer system that automatically corrects bad blocks and prevents malicious users from hacking and modifying data. Data on blockchains is cryptographically encrypted, which is practically impossible to break into.
Different NFT media access
Access to media based on different NFTs. Do NFT tokens gated for media restriction based on NFT ownership in crypto wallet. Support for access to restricted media on WordPress pages based on NFT ownership. Support for different standard,quantity and type of NFT's.
Support for multiple wallets
NFT gating is supported by hot wallets like MetaMask, Edge, Coinbase, Electrum, Pera, MyAlgo, Phantom, and Exodus and cold wallets like Ledger Nano S, Ledger Nano X, Trezor, and Ellipal Titan. This covers the overwhelming majority of cryptocurrencies as well.
Role mapping
Customers and team members in a community can be granted access based on their level of authority and responsibility with role mapping. This prevents malicious users from abusing any authority they may be accidentally granted.
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