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Use and Purpose of NFTs what can NFTS be used for and categories of NFTs
Use and Purpose of NFTs what can NFTS be used for and categories of NFTs

NFT

Uses and Purposes of NFTs

What can NFTs be used for? In this post, we explore the purposes and types of NFTs. How to use a NFT and examples of uses for NFTs.

What does NFT mean – What are NFTs?

As you already know, NFT means Non-Fungible Token.

Applications

DeFi

  • Staking
  • Liquidity Protocols
  • Royalties

Gaming

  • Digital Worlds (Metaverses)
  • New Standalone Games with Tradable Assets
  • Traditional Games with Tradable Assets
  • Play to Earn

Crowdfunding

  • For Existing NFT Projects
  • For Startups
  • Social Impact

Collectibles

Art

  • Music
  • Hand-Drawn Art
  • Generative Art
  • Photography
  • Tokenizing Physical Work

History

  • Capturing Historical Artifacts
  • Retroactively Crediting Creators

Communities

Physical World

  • Merchandising
  • Digital Identity
  • Events and Ticketing
  • Leasing

Last Updated on 07/06/2022 by Jeremy Timessen

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