Fungible tokens vs. Non-fungible tokens
A fungible token is something like Bitcoin, Ethereum, or Flow. They usually represent some form of interchangeable value. Non-fungible tokens (NFTs) are tokens that we can use to represent ownership of unique items. They let us tokenize things like art, collectibles, and even real estate.
A Creator's dilemma
An Artist may want to reward her early backers/collectors of her artwork in some form without the collectors needing to let go of the artist's work in order to cash in on the value.
We see successful examples of how some projects have rewarded their communities and thus grown even further and created much stronger and loyal members.
These examples include Axie Infinity which gave out $60M to its early players in an airdrop, Ethereum Name Service (ENS) did >$500M in an airdrop just recently as well
According to Moonpay, banks hate cryptocurrencies (fungible tokens) but they love NFTs. It can become a legal hassle for solo Artists/Creators to go through the same process as Axie Infinity and ENS. That is why creating a Dapp that enables one to infuse any fungible tokens into an NFT could be useful.
The NFT would allow for the infused tokens to be claimed over time and it would turn the artworks into portals that stream the artist's social tokens to collectors. As the total value of the artist's artwork increases the value of those tokens will increase as well.
Building on Web3
Implementing such a Dapp (Decentralized app) would usually require one to write smart contracts for an NFT and a fungible token. If many Creators were to do this, we would have thousands of the almost identical smart contract deployed on the blockchains. Unfortunately, this is what we see happening already on the blockchains like Ethereum and Binance and it is really inefficient. The Hyperverse is all about efficiency. Hyperverse is a platform with many composable smart contract modules that one can reuse. So you don't have to write smart contracts and deploy them on your desired blockchain. You can just use the modules that are available from the Hyperverse.
This allows you to build rapidly and have a working Dapp ready in less than 15 minutes.
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