The problems

The biggest problem with many conventional NFTs is that they do not give holders any intellectual property or other monetizable rights.

A number of conventional NFTs are plagiarized works, fake collections, spam, and frauds. And then there are rug-pulls. And wash trading - illegally inflated trade volumes by constant buying & selling within a group. 

The solution 

• Hybrid NFTs are a special category of NFTs that come with a perpetual copyright license to use the NFT for commercial purposes.
• Hybrid NFTs are thoroughly verified and hence the risk of plagiarized works, fake collections, spam, frauds, and rug-pulls are almost zero. 
• Hybrid NFTs are perfect for artists, authors, movie makers, musicians, and other content creators.
• How Hybrid NFTs work
• Hybrid NFTs are a special category of NFTs that come with a perpetual copyright license to use the NFT for commercial purposes.

Let's take some examples...

1. An author can sell translation rights in his book through Hybrid NFTs. I've written the Crypto Playbook in English and I can create Hybrid NFTs which give the rights to the NFT holder to translate my book into Spanish and sell the translated books.

2. An artist can allow NFT holders to use her creation (say a cartoon character) as a logo for their business.

3. A movie director can crowdfund her next movie by selling Hybrid NFTs which give holders a slice of the copyright of the movie. This includes a slice of lifetime profits from the movie!

4. A budding musician could issue Hybrid NFTs for crowdfunding his next album. The NFT holders are entitled to a slice of lifetime earnings from the music.

What next?

Q1. Are you an artist, author, movie maker, musician, or other content creator?

Q2. Would you like to make more money?

If you said YES to these 2 questions, you should apply for the first cohort of the HyFi Copyright Marketplace.