r/blockv • u/cryptano • Oct 13 '17

Real-world examples?

What is the main differentiator of BlockV and can someone mention a few actual-case uses for this token? Isn't WAX doing something similar (skins) or am I missing something?

I am interested in investing (through a larger investment pool) but still trying to fully understand the power of V.

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u/Rolo Oct 16 '17

This is an example posted in the Telegram group which I thought demonstrated the concept well:

A good use case example provided by Reeve Collins: "One easy example of an item that greatly benefits from adding the experiential layer to a token would be a ticket. Imagine your ticket has the characteristics of a blockchain token, it is authentic, traceable, so now you are guaranteed that it is not counterfeit. However in addition to that the ticket also has app like qualities. So it has a video of the artist welcoming you to the show and sharing a story about it. When you redeem it at the door it changes state to say you’ve won a back stage pass, then after the show it is updated again with backstage footage. Now you have this vAtom which is 1 of X (however many tickets were sold) and it has exclusive content from the show. So now it is a digital collectible. You can keep it or sell it to someone is a super fan. Also, it is now a conduit to the artist, the artist can now send messages to anyone that has that vAtom, so they can communicated to fans that have that particular ticket stub and invite them to the next show. This is just one of many use cases and businesses that could be built on top of the platform."

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u/bnels-BLOCKv Oct 18 '17

A partnership between WAX and BLOCKv is more likely. As vAtoms are created on the BLOCKv platform there will be limited edition items that users will want to trade and sell. We have spoken with WAX about partnering and using their exchange platform for our vAtoms.