{"time":1716887730512,"blocks":[{"id":"LVXmkp3KM5","data":{"text":"Guide to Transferable Subscription NFTs on Access Protocol","level":2},"type":"header"},{"id":"cksj6Es_v_","data":{"text":"Introduction to Transferable Subscriptions","level":2},"type":"header"},{"id":"0naWv5Fh3M","data":{"text":"Access Protocol has introduced Transferable Subscriptions, the final element of the Access V2 Upgrade! These subscriptions aim to bring a new level of interaction with creators on Access Protocol through cNFTs. They allow users to create, buy, sell, and transfer subscriptions, enhancing user experience and reducing friction."},"type":"paragraph"},{"id":"bj0oZ8vL-r","data":{"text":"Key Features of Transferable Subscriptions","level":2},"type":"header"},{"id":"I3xkUIA9Pl","data":{"text":"1. Seamless Subscription Process: Swap from SOL or USDC directly into a subscription without needing ACS."},"type":"paragraph"},{"id":"tUu6_jfdw4","data":{"text":"2. Gift Subscriptions: Easily gift subscriptions to others."},"type":"paragraph"},{"id":"vkUoBIVwcF","data":{"text":"3. Secondary Market Sales: Sell subscriptions on the secondary market."},"type":"paragraph"},{"id":"2vfvK_Tfl-","data":{"text":"4. Transfer \"Forever Subscriptions\": Move lifelong subscriptions between accounts."},"type":"paragraph"},{"id":"BlNfZ2x5ct","data":{"text":"Types of Transferable Subscriptions","level":2},"type":"header"},{"id":"fF3f0VAotn","data":{"text":"1. Redeemable Subscriptions: Can be redeemed for the ACS locked in them. These subscriptions can be bought on the secondary market and exchanged for the underlying ACS."},"type":"paragraph"},{"id":"y2RwLzn8kh","data":{"text":"2. Forever Subscriptions: The ACS is burned, but the subscription continues to generate daily rewards for the holder. These subscriptions have a charcoal tint in their cNFT representation."},"type":"paragraph"},{"id":"1kgSPXb5wA","data":{"text":"Reward-bearing cNFTs","level":2},"type":"header"},{"id":"gMpcp2MDQs","data":{"text":"Daily ACS rewards are now linked to the cNFT itself rather than the wallet address. This ensures that the rewards move with the subscription."},"type":"paragraph"},{"id":"eWO6NiPo0E","data":{"text":"Understanding Subscription Metadata","level":2},"type":"header"},{"id":"dXFJfhW6NK","data":{"text":"The metadata includes:"},"type":"paragraph"},{"id":"SlWAR8V2Fs","data":{"items":["Amount of ACS locked"],"style":"unordered"},"type":"list"},{"id":"2p8dWHJ4_0","data":{"items":[{"items":[],"content":" Subscription type (Redeemable or Forever)."}],"style":"unordered"},"type":"nestedList"},{"id":"bkFs3EWKZd","data":{"items":["Creator associated with the subscription."],"style":"unordered"},"type":"list"},{"id":"FruVrJqaTB","data":{"items":["Last date when ACS rewards were claimed."],"style":"unordered"},"type":"list"},{"id":"hlkTb_cR-L","data":{"text":"Practical Examples and Usage","level":2},"type":"header"},{"id":"8alh5JI0_d","data":{"text":"For instance, a Redeemable Subscription can be seen with 19,600 ACS locked and unclaimed rewards. When transferred to a friend, they instantly access the associated content and can choose to redeem the ACS or maintain the subscription."},"type":"paragraph"},{"id":"cvuIdX6l5c","data":{"text":"Important Note","level":2},"type":"header"},{"id":"MGu1mKCizl","data":{"text":"All new subscriptions on Access will now be transferable, and you will receive a cNFT representing your stake account for every subscription. **Do not burn these NFTs** or you will lose access to the subscription and the underlying ACS."},"type":"paragraph"},{"id":"ilp01wUlbS","data":{"text":"Conclusion","level":2},"type":"header"},{"id":"zmCUc-gi-J","data":{"text":"Transferable Subscriptions on Access Protocol introduce a new dynamic in subscription management, offering flexibility, ease of use, and enhanced user engagement. Embrace this new feature to optimize your interaction with the Spektre ecosystem and beyond."},"type":"paragraph"},{"id":"P5Td3nq4Lz","data":{"text":"Stay tuned for the launch tomorrow - or they have already launched, depending when you are reading this! :) - so get ready to experience the future of subscription NFTs!"},"type":"paragraph"}],"version":"2.26.5"}