Web3 is expected to reach one billion users between 2030 and 2031. Tokens, NFTs and digital wallets will be an integral part of our lives, enabling new forms of digital interactions and paving the way for a new service economy.
While more and more brands and users have realized the potential of this new world, there remains a technology gap with respect to the tools they can use to create valuable Web3 projects in a way that is simple and accessible to all.
Bcode was created precisely to address this need for accessibility. In order to make blockchain technology a tool within everyone’s reach, we have created on the one hand a no-code platform that allows companies to create and manage digital assets in a simple way, without writing a line of code and without using cryptocurrencies; on the other hand, we respond to this need for accessibility by providing end users with a noncustodial and easy-to-use NFT-first wallet, useful for redeeming NFTs created through Bcode without having to use cryptocurrencies.
And all this by operating on permissionless, public, open blockchains.
Bcode’s structured tokens incredibly answer the question: how can we make it so that anyone can easily obtain an NFT, even those who have no idea what blockchain technology is all about?
Bcode tokens represent one of the most advanced tools in the ERC-1155 standard. Experimented within the Bcode wallet, structured NFTs offer unique features never before seen in the Web3 space.
Project creators in the Web3.0 space can now use a tool that offers an incredible variety of use cases due to its countless functions and combination possibilities. It is possible to create projects to associate a physical asset with a digital asset, it is possible to create and transfer certificates of participation in a training course, to create and update CVs in a certain way, to manage access to events, to manage point collection dynamics, loyalty cards and engagement of one’s customers, to issue tokens with native video games within the token…
And all this simply using the Bcode platform.
While offering Web3 purists all the decentralization benefits they desire. Here’s everything you need to know about Bcode’s structured NFTs.
Bcode’s tokens are built on the ERC-1155 standard (a standard supported by all major wallets and marketplaces) which means that we have several programming options that allow us to make these tokens fungible or non-fungible depending on the use case we need to implement.
Should we want to create NFTs, it works identically to a conventional NFT in that it is unique, indivisible, transferable, publicly verifiable, and able to prove its scarcity. These NFTs can be digital assets, digital passports for physical products or evidence of experiences, memberships or loyalty programs (IWCs).
There are several features that make Bcode-generated tokens truly unique. Logics that allow users of the platform to create countless use cases. Let us look together at the main features made available by Bcode in the implementation of token-based projects.
One of the main problems in NFT projects to date has definitely involved the possibility of transferring nfts between the creator of a token and the future owner.
Thanks to Bcode it is possible to create tokens in a simple way through the interface of our platform, associate them has QR Codes in an automatic way and then allow the redemption of NFTs associated with QR-Codes in an easy way for the end user.
In fact, the end user, in order to redeem their NFT, will only have to frame the QR-Code with their smartphone and receive the NFT associated with it.
It is not necessary for the user to have already created a wallet or have cryptocurrency to pay for the transaction. All the technological and economic complexities of blockchain technology are handled by the platform.
This allows brands to be able to focus on developing valuable projects for their customers knowing that they can rely on a simple and highly effective token delivery mechanism
Blockchains are pseudo-anonymous, which means that verifying the authorship of an NFT is not a foregone conclusion. In most cases, we have to take the wallet address and contract address of the NFT and do further investigation.
To save users this process, Bcode has added a function to verify the legitimacy of the issuing mark according to eIDAS guidelines. This allows for certain verification of the originality of a certain digital asset by a certain brand. How does it work? It is an identity registration process.
When a brand wants to use the Bcode platform, it must pass our KYB and provide its public wallet address. This is then confirmed by the tools in place and covered by eIDAS.
Thereafter, the brand must publish in its own public wallet address.
When transferring tokens on blockchain, latency times can definitely be a hassle for an inexperienced user. This is because it can take quite some time to see one’s transaction validated.
In Bcode, we have implemented an asynchronous transfer method that allows end-users to redeem a token in their Bcode wallet and view it instantly, while a tag within the interface notifies the user in real time about the actual status of the on-chain transaction until it is completely successful.
This provides a user experience without latent time on the part of end consumers.
Putting an NFT in the hands of your customers is only the first step.
As brand owners, the crucial questions we need to ask ourselves are: how do we stay in touch with them, let them know that a utility is available for unlocking, and activate customers at important times for the brand?
Using Bcode, it is possible to send a Message directly to customers’ wallets without the need for third-party tools.
Direct Messages can be leveraged to stay in touch with users; each structured NFT serves as a perpetual link between a brand and its customer.
By default, the content of an NFT is public.
However, very often, brands want to be able to make the content of their certificate private, but still transferable and shareable.
Thanks to Bcode, it is possible to make certain content within your NFT hidden from all users except the NFT owner. In this way, it will only be possible for the owner of a certain NFT to discover the secrets enclosed by the token.