As you may know, the value of art or digital land NFTs depends on what other people are willing to pay for them. NFTs have great potential but may not be for all types of investors.
What's their main problem? Their value is purely driven by the speculation of how they will provide value in the metaverse or as collectible items in the future. In other words, they don't have a clear intrinsic value tied to them.
An NFT is a speculative asset with high-risk, high return characteristics.
So, what makes ESG NFTs different?
Teilur created the world's first ecosystem to purchase, exchange and manage ESG NFTs. The concept is simple; these NFTs are employed to finance the training in technology of people in developing nations. NFT investors fund the training of talent pools and get a return when the talent starts working in the technology they were trained in.
What backs the value of ESG NFTs?
You can think OpenSea or Rarible, but instead of NFT values being backed by art or digital collectibles, the value of these ESG NFTs is derived from talent's potential future earnings depending on the skills they develop in the technology space.
The value of art or digital land NFTs depends on what other people are willing to pay for them. They have great potential but may not be for all types of investors. The problem is that their value is purely driven by the speculation of how they will provide value or utility in the metaverse or as collectible items. They are essentially speculative assets with high-risk, high return characteristics.
The ESG NFTs created by Teilur have a different valuation method. Their value is derived from the present value of the legally binding contracts that Teilur tokenizes with talent in Latin America.
When investors purchase ESG NFTs, they buy assets where the collateral is tokenized contracts that promise a portion of the future salary of talent studying data engineering, data science, and software engineering.
Investors can value these talent pools similarly to how they value investments in traditional enterprises. As talent pools progress in their training and start receiving job offers, pools reduce their risk of not generating cash flow in the future, and NFTs start generating dividends and potentially increasing in value.
Our thoughts on the pricing structure of Toptal
While it's not possible for us to find details about how much of what a client pays ultimately goes to a candidate, we believe clients looking for transparent and straightforward pricing may want to look at other alternatives.
Our opinion is that if they are charging a client more than $12,000 monthly for a developer, they should at the very least be giving $9,600 to the candidate, but it's likely that it's even less than that.
What Hiring Managers Should Ask Before Choosing a Talent Partner
Before partnering with any talent provider — whether Toptal, Teilur, or others — hiring managers should consider asking the following key questions:
- What percentage of the fee actually goes to the talent?
- Are replacement or satisfaction guarantees included in the contract?
- How are regional salary benchmarks determined?
- Is there full transparency in how rates are broken down?
- What is the long-term cost difference between hiring directly and through a platform?
These questions can help businesses make informed decisions and ensure that pricing aligns with both market realities and ethical compensation practices.
Collateral of ESG NFTs explained
When investors purchase ESG NFTs, they buy assets where the collateral is tokenized contracts. Each contract promises a portion of the future salary of talent studying data engineering, data science, and software engineering.
Investors can value these talent pools similarly to how they value investments in traditional enterprises: As talent pools progress in their training and start receiving job offers, pools reduce their risk of not generating cash flow in the future, and NFTs start generating dividends and potentially increasing in value!
Picture Andrea, Carlos, and eight other new college grads from Colombia looking for a better future.
Their average salary is $300/month. Naturally, their lack of monetary resources does not allow them to get the proper training needed to develop a technology career remotely.
Teilur solves that for them.
Teilur signs a legally binding contract in the U.S. with each one of the students and pools these contracts together as an NFT.
That way, students get funding to cover their cost of training in technology careers as they progress, and in exchange, Teilur receives a contract that promises a portion of their monthly salary for six to nine months.
Once candidates are hired as data engineers, software developers, or data scientists, they pay back a portion of their salary, and those payments are then distributed to NFT holders.
