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EXERCISE:
i. Watch the above lesson video and also read through the recommended resources. Then, answer following questions
ii. What Is Unlock Protocol?
iii. Summarize in your own word in this forum below:
(NOTE: please, don't just copy-paste from other students - instead answer in your own word based on your level of understanding the lesson and resources)
NOTE:
This Is An Exercise From Our FREE COURSE with CERTIFICATION:
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It is used to Create locks membership NFTs on Blockchain and then place them anywhere you’d like to lock content.
Users can purchase memberships as NFT keys that grant access to content, tickets, and anything else you’d like to monetize.
Most importantly in gives power and membership control back to the creator
by removing middle-man like Giant tech companies handling payment, membership, etc. between the users and creators
- The Membership is decentralized and controlled by the creator and users directly in their web3 wallet
- Unlock Protocol does not control the lock once the creator deploy it on the Blockchain
- creators control it without any mediator in between them and the Lock smart contract
unlock protocol is used to lock digital content for creator to be adequately rewarded and have total control without third party company