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NFT access tokens: Build a crypto subscription model

Blog post from LogRocket

Post Details
Company
Date Published
Author
Santhosh Reddy
Word Count
2,915
Language
-
Hacker News Points
-
Summary

The text explores the application of non-fungible tokens (NFTs) as access tokens within subscription models, comparing traditional and crypto-based approaches. It highlights how NFTs, when integrated into decentralized applications (DApps), offer a more efficient, transferable, and secure subscription mechanism compared to conventional methods. The article provides a detailed tutorial on creating an ERC-1155 smart contract to implement an in-app NFT subscription model using JavaScript, Web3.js, and Moralis. Through this process, users can utilize NFTs to verify subscriptions, where ownership of the NFT determines access to content or services. Additionally, it covers the technical steps needed to develop, deploy, and interact with an NFT-based subscription model, emphasizing the advantages such as ease of transferability and enhanced security over traditional models. The piece concludes by encouraging ongoing exploration and learning in the Web3 space.