Smart contracts and NFTs offer use cases in industries that see value from interoperability, security, and immutability. Transactions of any kind can happen across multiple platforms from a single point of access. While NFTs have the ability to instantly transform digital art into verifiable assets, smart contracts drive the mechanism behind each buy & sell. With massive implications for media and Digital Rights Management, NFTs will complement Web 3.0 to create a more transparent and secure internet. Watch how all this unfolds into interesting scenarios as Shaan Ray talks about it on on Episode 7 of the Web3 Webinar @ 9 AM EST on Sep 20. For more information on Web3 and its wide-ranging potential, read https://www.ionixxtech.com/solution/web3-blockchain-solutions Watch the Episode 7 webinar video link,https://youtu.be/2b7ubUACicU

3. We are a technology company with a design-first approach that helps forward-looking Startups and Enterprise Firms
with:
● Web3 solutions
● FinTech solutions
● & HealthTech solutions
We do this through Cloud-enablement, Enterprise agility, UX Design and other cutting-edge web and mobile
technologies.
About Us
About the Speaker
shaan.ray@ionixxtech.com www.ionixxtech.com https://linkedin.com/in/shaanray
Shaan Ray is a technology researcher and Web 3 specialist who helps
organizations unleash the power of emerging tech in reshaping their business
goals.
Under his mentorship, companies embrace transformative solutions to tap new
markets and fresh customer segments.
Shaan specializes in Web3 and emerging tech.

4. What Is An NFT?
▪ NFT stands for Non-Fungible Token
▪ It is a type of digital token that is unique and scarce
▪ It is a unique proof of ownership of something, usually
a digital asset
▪ NFTs are digital versions of physical collector’s items
and no two NFTs are the same

5. Fungibility Explained
▪ Fungibility is the ability of an asset to be exchanged
for another asset of the exact same type. For example
a $5 bill is fungible with all other $5 bills.
▪ They represent the same value. But the Oppenheimer
Diamond, for example, is non-fungible - meaning only
one real, unique version exists.

6. Digital Scarcity
▪ The internet and digital technologies in general created an
abundance of data and information, like files or
photographs which could be replicated and shared
endlessly
▪ For example, if I took a picture of a celebrity on Santa
Monica Boulevard from my phone, I could send that
picture to thousands of people within seconds -
creating thousands of versions of that picture right
away

7. Digital Scarcity
▪ Blockchain technology and specifically NFTs enable digital
scarcity
▪ Some data from an NFT can still be replicated and shared
but the certificate of authenticity and legal rights of an
asset will exist on a single, tamper-proof NFT
▪ NFTs exist on blockchain networks such as Ethereum, and
provide a certificate of authenticity as well as legal rights
to the digital asset

8. Smart Contracts
▪ Smart contracts are one of the most powerful features of
blockchain technology. A smart contract is a digital
contract where the terms of agreement between users is
set in code
▪ A smart contract can also be programmed to self-execute
when a set of predefined conditions are fulfilled
▪ Smart contracts exist on decentralized and distributed
blockchain networks.

9. Smart Contracts
▪ Smart contracts can be programmed to trigger other smart
contracts into action or create new events when they are
executed
▪ Smart contracts can also hold assets, NFTs and
cryptocurrencies within them
▪ These assets can be distributed upon execution when a set
of conditions are met based on the code defined in the
contract

10. Oracles
▪ A blockchain oracle is a trusted third party service that
provides smart contracts with authenticated external
sources of data from the real world through an API
▪ Oracles connect smart contracts with events in the
outside world. Smart contracts can be programmed to be
triggered by an outside event using an oracle

11. Oracles
▪ Oracles can be created to provide a wide range of data to
smart contracts. For example, an oracle could provide:
▪ weather data
▪ Outcomes of events
▪ Outcomes of legal cases
▪ Financial statistics
▪ Economic data
▪ Interest rates
▪ Market data
▪ Performance data from a vehicle or machine and so
on
▪ The important thing to remember about oracles is that
most smart contracts are meant to be executed when a
condition is met in the real world, and oracles are the
sources of data that can provide authenticated data about
real world events

12. How Smart Contracts & NFTs Can Interact With Each
Other
▪ NFTs can be embedded within smart contracts:
▪ A smart contract can own an NFT within it which is then
transferred to a user or another contract based on the rules and
events defined in the smart contract

13. How Smart Contracts & NFTs Can Interact With Each
Other
▪ Smart contracts can be embedded in an NFT to call and access
assets within the NFT
▪ For example, a user can access a song which is embedded in an
NFT through a smart contract
▪ They would agree upon the terms using the smart contract, pay
the agreed upon amount and then get access to that song
▪ This is a process that will most likely run in the background when
users hit play on their applications.

14. Benefits of Combining Smart
Contracts & NFTs
▪ Combining NFTs with smart contracts will give users the
flexibility to unlock a wide array of use cases.
▪ Complex contractual structures and agreements can
be created.
▪ The underlying blockchain mechanisms will make the
contracts transparent, tamper proof and auditable in real
time.
▪ This will simplify and speed up any arbitration
process in the future.

15. Example 1: Gaming
Gaming: Tournaments in games could have a
series of smart contracts and NFT combinations
governing them.
A player’s in-game items, such as skins, in-game
assets and in-game tools can all be embedded in
NFTs.
Through a series of smart contracts players could
agree upon a set of rules that define how the
assets of the competitors in a tournament could
go to the winner of each round.

16. Example 2: Streaming
Streaming: Each movie or episode of a show can
be embedded in an NFT.
Users can access the show through a smart
contract that takes a micro payment and then
serves up the movie or episode on the user’s
device for a certain period of time or a certain
number of views.

17. Example 3: Art Exhibits
Art Exhibits: An artist can embed their art into an NFT
and create a smart contract in it defining its terms of
use.
Real world art galleries can then access this art and
exhibit it on a physical screen in their location, while
splitting the revenue they generate from ticket sales
with the artist based upon the terms agreed upon
using the smart contract.

18. Conclusion
▪ Smart contracts and NFTs complement each other and open up an
entirely new range of use cases and transaction types
▪ NFTs have the ability to instantly transform digital art, music and media
into verifiable assets which are easy to buy and sell using blockchain tech
▪ NFT’s have several enterprise use cases and have massive implications
for media and Digital Rights Management
▪ NFT’s will complement Web 3.0 to create a more transparent and secure
internet.

19. How We Can Help
Here are some ways in which we can help you create and
manage your NFT and Smart Contracts based Solutions:
● NFT Advisory services
○ platform choice
○ translate logic and processes into code
● Create the checks and measures your project requires
● Create the right set of smart contracts for your project
● Integrate on-chain and off-chain oracles to your smart
contracts
● Comprehensive relationship mapping and
documentation of all smart contracts and digital
assets
● Audit and test your code
● Provide design side support for your project
● Help you create and launch the tokens for your project
● Launch your project live on a live platform

20. Get in Touch
Email: shaan.ray@ionixxtech.com
Web: www.ionixxtech.com
Telegram: @shaanray
LinkedIn: https://linkedin.com/in/shaanray
Twitter: https://twitter.com/shaanray
Questions?
NFTs & Smart Contracts