MAM
GUEST COLUMN: Understanding the role of NFTs in influencer marketing
Mumbai: Let’s start by understanding NFTs.
The acronym NFT stands for “non-fungible token.” This signifies that it’s a one-of-a-kind code that can’t be substituted with anything else. An NFT is nothing more than a digital representation of a physical item. NFTs have monetary or sentimental worth and can be bought, sold, or traded. You can own them because they are digital assets. They are one-of-a-kind digital assets in the form of cryptographic tokens. Bitcoin tokens can be thought of as blockchain-verified dollar bills, and NFTs are works of art or other media files that have been confirmed on the blockchain.
In the digital realm, the possibilities are limitless. NFTs are a gamechanger for digital content creation since they allow creators to create and sell art, music, books, films, and more. Digital marketers and content providers can communicate with customers on social media, give them valuable assets such as giveaway prizes, and more.
How do NFTs impact influencers?
NFTs have the potential to establish a new universe of intellectual property with copyright income for content creators and influencer-generated material that attracts influencers and content creators. We’ve seen over the last decade that viral moments may provide a monetary profit for their creators. Memes, short videos, and products are all examples of this. It can be used as a possible revenue stream for a variety of people and businesses, ranging from professional sports leagues to artists and others, who can now sell the NFT behind their brands instead of having to negotiate a three- or five-year usage of their image.
Influencers can earn a lot of money, but their resources are limited. To make money, they rely on brand partnerships and collaborations. But NFTs change that by offering a completely new way to make revenue and improve marketing strategies. Because of its unique setup, the creator economy has enabled individuals to generate digital content using blockchain-based technologies, potentially altering the financial environment for the creators involved. They’ve made it possible for artists to make millions from just one piece of work. NFTs are being explored by creators as a means to deliver unique, paid experiences and communicate with their followers.
NFTs also have the potential to be sold in the future. They can be configured to allow royalties so that when an asset is sold on the NFT marketplaces, the developer receives a portion of future sales.
Naturally, the scope of influencers in the fields of lifestyle, fashion, and art is nearly endless. These influencers can sell exclusive content, such as digital art, while NFT ensures its validity and value. Influencers in the gaming industry are also getting involved, selling in-game weaponry and artifacts as NFTs.
As a prize, NFTs can boost engagement. Influencers can organise a campaign and give away NFTs, which have a lot of value for their followers. NFTs are also excellent prizes for collaboration posts and user-generated content contests, particularly if they include a memorable moment, exclusive material, or a digital collectible.
Moving Forward
NFTs aren’t just the latest craze; they’re digital assets that exist exclusively online yet have real-world value. We’re getting more digitally oriented, and NFTs bring a popular activity, an investment possibility, and a status symbol into the digital realm. We like physical objects that we can hold and feel, but digital assets are the way of the future. Companies and influencers have a one-of-a-kind way to monetize online content and intellectual property, from unique digital art to a virtual baseball card to an unforgettable moment.
It is critical to recognise that NFTs do not pose a threat to brand-influencer partnerships. On the contrary, by employing NFTs as a newer form of technology that will allow them to drive innovation, they will be able to improve their collaborations and continue to expand their ties.
NFTs are popular because of their uniqueness and collectability. Creating products through limited partnerships between companies and influencers will be a whole new revenue source for both the brand and the influencer. Customers can gain access to a unique piece of the digital world with NFTs.
Today, marketers are using Livestream product launches and other experience sessions with influencers in the form of tutorials to create experiences that are exclusive. The digital and crypto worlds are sweeping the globe as new generations of customers become increasingly accustomed to them and see the enormous value of this type of transaction and investment.
(The author is CEO of Mad Influence, a social media marketing platform. The views expressed in this column are personal and Indiantelevision.com may not subscribe to them.)
If we think about how many times you visited a paediatrician during the year for your child’s fever, or went to the pharmacy for cough syrup, antacids, or prescription cream; how many physiotherapy appointments your spouse had throughout the year, or how many routine diabetes check-up appointments you had; most families would say that the ongoing healthcare cost to their family isn’t necessarily the sudden expense of a grown adult being admitted to the hospital, but rather the ongoing and regular expenses of running the household. Because of this, the search for the best family health insurance plans in India have evolved to include OPD covering as a significant factor in their decision making process.
As someone who has reviewed countless policies for families, I’ve seen a clear shift. Families are no longer satisfied with a plan that only activates during a hospital crisis. They want a partner for everyday wellness, and that’s what modern, comprehensive Health Plans for Family aim to be.
OPD Cover: The Game-Changer in Family Health Insurance
OPD, or Outpatient Department, cover handles expenses incurred outside of a hospital admission. This includes:
- Doctor consultation fees (General Physicians and Specialists)
- Diagnostic tests (blood work, X-rays, MRIs)
- Pharmacy bills (medicines prescribed)
- Minor procedures (dressing, injections)
Without OPD coverage, all these costs come directly from your monthly budget. A comprehensive Health Insurance with OPD Cover absorbs these shocks, transforming your policy from a seldom-used safety net into an active, year-round health management tool. For a family with children or aging parents, this isn’t a luxury; it’s a practical necessity.
Identifying the Best Family Health Insurance Plans In India with OPD
Not all OPD covers are created equal. When comparing Health Plans for Family, you must dig into the specifics. Here’s what separates the good from the truly valuable:
Integrated vs. Add-on Cover: Some of the Best Family Health Insurance Plans In India bundle OPD within the base plan (e.g., HDFC Ergo’s Optima Restore). Others offer it as a paid add-on rider. Integrated covers are often more seamless, but add-ons allow you to customize. Compare the sub-limits and overall value.
Realistic Sub-Limits: OPD coverage always has limits. Look for plans that offer a dedicated annual OPD sum insured (e.g., ₹10,000-₹25,000 per family) rather than a tiny per-consultation limit. This gives you flexibility, you can use it for a few major diagnostics instead of just small consultations.
Cashless OPD Network: The true convenience of health insurance with OPD cover is cashless access. Leading insurers have tied up with pharmacy chains, diagnostic centers, and clinic networks. You can walk in, show your card, and walk out without paying upfront. Check the insurer’s network partners in your locality.
Simplified Claims Process: For reimbursements outside the cashless network, the process should be digital and straightforward—via an app with document upload. Cumbersome OPD claim processes defeat the very purpose.
Key Players and What to Look For
Several insurers have pioneered strong family floater plans with OPD benefits. While new products emerge, plans like HDFC Ergo’s Optima Restore, ICICI Lombard’s Health Advantage Plus, and Niva Bupa’s ReAssure 2.0 have been notable for their structured OPD components. Star Health’s Family Health Optima also offers a comprehensive package.
However, the plan name is less important than its architecture. Your checklist for the Best Family Health Insurance Plans In India with OPD should verify:
Adequate In-patient Sum Insured: This is your core cover. Don’t compromise this for OPD. Start with at least ₹15-20 Lakh for a family of four.
Restoration Benefit: Crucial for families. It restores your main sum insured if exhausted, often including the OPD cover.
No Claim Bonus (NCB): Your reward for a healthy year should protect your OPD benefit too, often by increasing your overall sum insured.
Preventive Health Check-ups: A sign of a wellness-oriented insurer. Many top Health Plans for Family include free annual check-ups, complementing the OPD benefit.
Making the Smart Choice for Your Family
Choosing the right plan requires a simple audit. Tally your family’s average annual spend on doctor visits, tests, and medicines. You’ll likely find it’s a significant amount. Then, compare the premium of a comprehensive Health Insurance with OPD Cover against a basic plan plus your out-of-pocket OPD expenditure. The difference is often negligible, but the value is monumental.
For families, the Best Family Health Insurance Plans In India will be those that acknowledge the fact that the “real” journey for your family’s health occurs daily and not just during emergencies. By choosing a Family Health Insurance plan with meaningful OPD coverage, you will not only be insuring against your family getting sick, but also investing in your family’s ability to see their doctors or other healthcare providers on a more frequent basis for non-emergency issues and providing your family with a significant degree of peace of mind with regards to their financial and physical well-being. The shift away from reactive insurance to proactive insurance by families is now essential; it has become a necessity for the modern family that is living with intention.
