NFTs & Utilization

Continuum will implement three types of NFT Utilizations:
  1. 1.
    Platform Access
  2. 2.
    Course Access
  3. 3.
    Fractional Course Ownership & Royalties

NFT Drop Platform and NFT Marketplace

NFT Drops (primary market) and NFT trades (secondary market) will be possible on the platform itself. Users can also trade their NFTs on the secondary market, like OpenSea. Fees on primary sales are 7%, whereas they are 3.5% on secondary sales.

Platform Access NFT

This NFT is used as a controller to regulate the number of new users on the platform. This includes access to short-form content and courses, allowing learners to start their gamified educational journey by earning badges, levels, XP, and NFTs.
The Access NFT can also be earned, not just purchased, by “taking a loan” to earn the Access NFT (lottery allocation). Once the NFT is repaid by earned UUM tokens, users will continue collecting UUM tokens like any other Learner.
If you buy Access NFT, you will earn UUM tokens immediately and pay 20% less than you would if you earned them. Because of this, Access NFTs are non-transferable.
This NFT is non-transferable, so each time new users join the platform, they can watch out for the next Drop. Each Drop generates significant revenue that can then be redirected to the long-term Treasury via the Buy Back Mechanism mentioned in a previous section.
Here is a projection of the possible revenues generated from these NFT Drops.
As seen in the Bottom-Up Tokenomics, for each increase in the price of 10c, another ~7000 Learners can be added to the platform. The above projections assume that 10% of the NFTs are loaned out.
This Access NFT acts as a valve to control the influx of new users through issuing new NFTs, the price, and the number of loaned NFTs.

Course Access NFT

These NFTs allow users to sign up for exclusive courses. They may be used for special occasions like partnerships with a thought leader (influencer) or similar. The NFT can be purchased by Learners directly on the platform.
The Course Access NFT has special mechanics:
  • NFTs for enrolling into a course (non-transferable). Burnt when the course is completed.
  • NFTs for completing a course (non-transferable). Minted once the course is completed.
As a non-transferable NFT, there is no secondary market for this NFT.

Fractional Course Ownership & Royalties

Course creators receive this NFT for each course published. It represents 100% ownership of the Creator Revenue generated by a course or fractional ownership of this revenue. By minting a Fractionalized Creator Course NFT, it is possible to share part of the revenue generated with financial supporters.
This type of NFT is tradeable both in primary and secondary markets.
“Hardcore Learners” get an exclusive opportunity to access "Creator Course" NFT Drops via a priority whitelist.
Users of educational content can support and reinforce their bond with their favorite Creators in this way. Consequently, it also motivates average learners to become “Hardcore.”

NFT Types

  1. 1.
    NFT to access the platform, including some content (non-transferable) - Can be earned but locked for 1+ years.
  2. 2.
    NFTs for courses (non-transferable) - NFTs for enrolling in a course. Burnt when the course is completed. - NFTs for completing a course.
  3. 3.
    NFTs for royalties on courses (tradeable)
Any revenue received from NFT sales on primary or secondary markets will be redirected to the Treasury (Platform Incentives). If that revenue is in ETH, USDC, or other currency, it is first converted to UUM.

NFT Trading

Primary markets should happen as in-app purchases and be available in multiple currencies. Several cryptocurrencies have extremely large market capitalizations, such as UUM, ETH, and USDC. ETH is the default currency for most NFT traders, and USDC is a good choice for those who prefer stablecoins for in-app purchases.
A key component of the Secondary Market is to be present in the largest venue OpenSea, where most of the capital and volume are located.

Earning Circulation in the Token Ecosystem

Buy Back Mechanism must be implemented in the different key revenue streams of the platforms. Removing tokens from circulation and recharging the long-term Treasury. For instance, we see in the table further below that Access NFTs can help offset a significant amount of sell pressure. Additional revenue coming, for instance, from Special Courses NFTs and Creators bringing attention to their premium content offerings will also offset the potential sell pressure.
Any revenue received by Continuum from NFT sales on primary or secondary markets will be redirected to the Treasury. If that revenue is in ETH, USDC, or other currency, it is first swapped into UUM.
These newly added tokens come with a 36 months lockup so that they come back in circulation at the earliest in the 3rd quarter of the overall distribution schedule.
This longer term Treasury will be available for the treasury managers to use to add value to the project via rewarding Stakers, Learners, and Creators but could be used to incentivize/reward other stakeholders if needed.