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A Robotics company presents its Employees with NFT for storing, auctioning, or reselling it 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) firm, said on Tuesday (March 15, 2022) that it has given Non-Fungible Tokens (NFT) as prizes 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 the creation of for each employee.

‘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.

Each of these collectibles, according to the business, depicts positive, cheery, and happy robots that are meant to encourage participation in the metaverse’s up-and-coming environment.

While ORAI Robotics developed the concept for this project in-house, provided support to help make this first-of-its-kind project a success.

No cost NFTs

“The NFT provided to employees comes at no expense to the employer; it is given to the employee.” The choice to put it on acution would be made by the personnel,” an ORAI Robotics official told FE Online.

ORAI Robotics announced in a statement that it is the first company in India to provide employees with corporate NFTs.

Employees can either keep or display their NFTs as a medal, badge of honor, or certificate, or they can trade and transfer them in order to profit from them.

Option to Buy Back

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, according to 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.

“We at ORAI Robotics wanted to create a new and innovative approach to appreciate our people who make our company amazing,” Swapnil Jain, Co-Founder & CEO, stated of the programme. And it’s for this reason that we created and minted a variety of unique collectibles as NFTs under the theme ‘UpBeat,’ and then presented one NFT to each of our staff.”

“We’re particularly pleased to notice that our ORAI Upbeat NFT collection accurately embodies the company’s beliefs, as well as our vision and purpose for AI and new-age technologies.” Going forward, every time ORAI Robotics achieves success, we will reward employees with NFTs; as a result, NFTs are pioneering a new road for enterprises to engage with their employees via NFT with the safe blockchain technology underlying.”

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 NFT 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, accordingly.

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, past qualifications, diplomas, awards, and other data by storing it on the blockchain and using it as a proof of employment.

Written by IOI

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