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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

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Art

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

History

  • Capturing Historical Artifacts
  • Retroactively Crediting Creators

Communities

  • Social Identity
  • Exclusive Access
  • Networking Opportunities

Physical World

  • Merchandising
  • Digital Identity
  • Events and Ticketing
  • Leasing

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