Your Livetree #Collective’s membership coins help improve authenticity, unlock new forms of membership utilities and open up completely new royalty streams (all without having to sell your NFTs).

Using XP.NETWORK, NFT creators and collectors can now import NFTs from Polygon, Tron, Avalanche, and many other blockchains directly into their #Collective as digital assets which are tokenized through collective membership tokens. Your Livetree #Collective helps ensure your digital assets are genuine, provides collectors access to unique video NFTs and monetizes your NFTs through your collective member community in completely new, revolutionary ways.

A new way to extract value from NFTs

Adding utility to NFTs is one of the most challenging areas in the industry. How do you extract value or income from an NFT collection without selling it?

Many solutions have been suggested: NFT staking, fractionalized NFT ownership, using an NFT as a Web3 identity, license fees from advertising campaigns that feature your NFT, free merchandise and airdrops… BUt our latest partner, Livetree, have their own, highly innovative solution which we consider to be a huge evolutionary step forward: tokenizing and monetising NFTs as a #Collective (a DAO of creators and their followers) and splitting the earnings.

Livetree already supports a number of chains. Thanks to the partnership with XP.NETWORK, it will become possible to tokenize and earn royalties from collectibles on 20+ other blockchains, such as BNB Chain, Polygon, Tezos, MultiversX, VeChain, etc.

How it works

1) Sign up for Livetree and reserve a hashtag for your new #Collective – a shared virtual space for content creators and users. If you require an invite code, you’ll find it in this Medium article about our partnership. Your hashtag can be anything that represents your collective and would be memorable for your members to use – something like #WeLovePolygonNFTs.

2) 1 million ERC-20 tokens will be automatically minted for the new #collective. Anyone who buys them will become a member of your Collective NFT DAO and gets a voice in how the proceeds should be used.

3) Import NFTs from another blockchain using the XP.NETWORK NFT bridge.

Note: The NFT you send doesn’t have to be a collectible on an EVM chain: for example, you can choose to bridge an NFT from MultiversX (Elrond) to Moonbeam. You can use any NFTs in Livetree, but you’ll get the best returns from valuable ones – bluechip collections on various chains.

4) Once you have the NFTs on a Livetree-supported chain, import them into Livetree easily using the dApp portal. They will be upgraded to the brand-new Hashtag NFT Collective standard. They can always be downgraded later to be listed on OpenSea (or, coming soon, Livetree’s own game-changing social NFT marketplace).

5) By this point, you’re all set to monetize the NFTs. This is done through tokenization – “splitting” the ownership of an NFT into a lot of smaller fractions. Of course, the NFT itself remains intact, you just issue special tokens that give their holders partial ownership of the NFT (similar to a company’s stocks).

These fractions can be traded, yielding revenue for the collective’s Treasury. The funds in the Treasury act as backing to all the 1 million membership tokens, so the value of the NFTs gradually increases.

More monetization opportunities for collectives

There are many other ways for a #collective to earn money on Livetree – by creating awesome content, for example.

Any post (Instagram, YouTube, TikTok, etc.) can be minted as a special social NFT using the Livetree app for Android or iOS. Followers can also reward posts and videos with e-gifts and tips, or you can create live ticketed events (perhaps talking about the value of your NFT collection) as well as pay-per-view masterclasses (maybe you can teach people how to recognise and authenticate NFTs), and all these earnings go towards the collective’s Treasury.

PLUS Income can be generated for a collective ANY time when ANYONE makes money from a post whilst using the collective’s hashtag, enabling groups to harness the power of community.

The funds in the Treasury, in turn, back the #Collective’s ERC-20 tokens. More popular content → more rewards in the Treasury → more value for the #collective’s tokens → even more proceeds from selling these tokens to new members (as buying them is the only way to enter a #collective).

Apart from social media posts, social NFTs can come in other types:

As a DAO, the whole #Collective decides how to use the rewards in the Treasury: buy promising NFTs, distribute the proceeds among the members, or even donate to charity.

Livetree also has a decentralised #LivetreeCollective DAO governing the entire platform. The #LivetreeCollective has a membership token, SEDC (Seed NFT Collective). The token is distributed to users as they use the app. SEDC is backed by an overarching Treasury where all the fees (50% of all #collectives’ income) will accumulate by default (though this can be changed by the DAO of SEDC holders). The funds in this global Treasury can be  allocated to yield-bearing DeFi instruments, incentives for creators, etc. Moreover the power of SEDC governance token lies in its utility to control your data and the algorithms that recommend your content.

Livetree uses sophisticated AI to process videos, extracting text-from-speech, recognising objects and a lot more. By being a decentralised collective itself Livetree enables all its users to control how the network operates including the algorithms. This infrastructure behind the running of Livetree opens up additional possibilities to monetise your data.

We at XP.NETWORK find Livetree’s concept extremely innovative and impressive. Combining  social NFTs with NFT fractionalization and decentralized governance is already a great leap forward, and coupling them with multichain support opens up a world of possibilities. We are excited to be able to provide the NFT bridging infrastructure to make this vision a reality.