ORAI Robotics Gives Employees NFTs as a Reward
This is the
first time in India that a corporation has given NFT to all of its employees.
They have the option of storing, auctioning, or selling it back to the
employer. ORAI Robotics has also announced a long-term strategy to use NFTs to
recognise the accomplishments of its personnel and the company as a whole.
ORAI
Robotics, a conversational artificial intelligence (AI) company, said on
Tuesday that it has given Non-Fungible Tokens (NFT) as rewards to its entire
workforce, which currently numbers over 50 people. The NFTs were validated and
sent to the employees via a digital wallet, which ORAI assisted in the creation
of for each employee.
"ORAI
Upbeat" Collection
ORAI
Upbeat, the company's first generation NFT collection for employees, was
just minted and launched. The ORAI Upbeat collection includes 500 one-of-a-kind
NFT collectibles created exclusively for ORAI workers and important
stakeholders. According to the business, each of these collectibles depicts
positive, cheery, and happy robots that are meant to encourage participation in
the metaverse's up-and-coming environment.
ORAI Robotics
developed the concept for this project in-house, and Meta9corp.io provided
support to help make this first-of-its-kind project a success.
No
cost NFTs
"There
is no cost to the NFTs given to the employees. It will be the employees’
decision to put it on auction, "ORAI Robotics’ representative told FE
Online. ORAI Robotics said in a statement that it has become the first company
in India to give away corporate NFTs to employees. The employees can either
store or flaunt their NFTs as a medal, badge of honor, or certificate, or they
can trade and transfer these NFTs in order to capitalise and earn from them.
Buy
Back Option
Employees can
also use a repurchase programme to monetize their NFTs by returning them to the
company after a set length of time, subject to certain restrictions and
conditions of the corporation. Additionally, for employees who have NFTs, the
company will provide free access to various training and events relating to
conversational AI, skill development, and other related training.
Speaking
about this initiative, Swapnil Jain, Co-Founder & CEO, ORAI Robotics, said,
"We at
ORAI Robotics wanted to introduce a unique and innovative way to thank our
employees who make this company awesome. And this is exactly why we ideated and
minted a plethora of unique collectibles as NFTs under the theme ‘Upbeat’ and
thereafter gave away one NFT from this collection to each of our employees.
"
We are also
happy to note that our ORAI Upbeat NFT collection truly reflects the values of
the company and our vision and mission towards advancing AI and new-age
technologies. Going forward, every time we at ORAI Robotics grow, we will
celebrate the success by giving NFTs to employees. We are pioneering a new path for companies to
engage with their employees via NFT with the secure and trusted blockchain
technology.
Rewards in
the Future
ORAI Robotics
has also announced a long-term strategy to use NFTs to recognise the
accomplishments of its personnel and the company as a whole, thereby cementing
NFTs as a significant element of the company's cultural DNA. For example, they
want to assign one NFT airdrop into an employee's wallet every time they reach
a one-year milestone with the company in the future. Employees who complete
their first year with the company will be given GIF NFTs, and those who
complete their second, third, fourth, and fifth years with the company will be
given Animated GIFs, Videos, Audio/Music, and Art NFTs.
ORAI Robotics
intends to distribute NFTs to its partners, customers, and other key business
stakeholders. They also want to use blockchain NFTs as a kind of background
verification for past qualifications, diplomas, awards, and other data by
storing it on the blockchain and using it as a proof of employment.
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