The conversational artificial intelligence company, ORAI Robotics has recently announced its non-fungible tokens as an appreciation reward to all its employees consisting of more than 50. The non-fungible tokens or NFT were transferred and validated to the Employees via digital wallet and the creation of which for each employee has been facilitated by the ORAI.
Unlike Bitcoins which are tradeable and fungible, the NFT is a non-replaceable unit and noninterchangeable. The NFT data units consist of digital files, live videos, photos, songs, audio clips that are nonmodified and authentic with a Unique Identification code and metadata.
NFTs are proof of ownership in the digital space. A blockchain that is secured with the NFT cannot be edited, faked, copied, or deleted as it is completely aligned to the technology. The employees can now either flaunt or store their NFT as a badge, medal, or honor of certification from the company. ORAI Robotics is also offering a buyback policy option for the employees where the employees can easily monetize the NFT by giving it back to the company after a certain period of time, based on certain criteria and conditions.
Swapnil Jain, the CEO, and co-founder of ORAI Robotics said that at ORAI Robotics, they wanted to introduce an innovative and unique way to thank the employees who have made their company awesome. That is the reason why they ideated the NFT under the ‘UpBeat’ theme and thereafter give one individual NFT from the collection to each of the employees.
In the near future, the ORAI Robotics company also plans to provide NFT to its partners, key stakeholders, and customers in the business. The company also aspires to harness the blockchain NFT as a form of background verification, certification, awards, by storing the complete data on the blockchain.
