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Title: [GUIDE] NFT Uses Post by: Husires on October 12, 2021, 03:03:35 PM The massive interest in non-fungible tokens has led to the NFT boom so that its applications are not limited to the arts and finance. Rather, use in real-world assets, logistics, music revenue, and more. As NFTs mature, we can expect to see more adoption of experimental use cases.
Where you can use NFTs to prove the authenticity of many unique and collectible items. We'll see some popular use cases: - Art NFTs: When it comes to art, value is not necessarily related to the artwork attached. Sometimes, what is more important is proof of ownership of that particular asset. This aspect is what makes cryptography one of the most common use cases of NFT as anyone can download the image, save it or imitate it well but cannot prove that they own the original. - Collectible NFTs: Jack Dorsey's first tweet is an excellent example of an NFT collectible. While a CryptoPunk is collectible and visually artistic, Dorsey's NFT has value purely for its collectibility. Each NFT is signed by its verified creator's Twitter @handle, meaning that only the original creator can mint their tweets as NFTs - Finance NFTs: Staking NFT model. The user can bet a pair of tokens in a pool for a certain period and get the NFT to reach the next pool. - Gaming NFTs: . Axie Infinity and Battle Pets are both Pokémon style games with tradable pets and items. You can also purchase and sell these tokens on external marketplaces (peer-to-peer sales). - Music NFTs: Like an image file or video, you can also attach audio to an NFT to create a collectible piece of music. Think of it as a digital “first edition” of a record. - Real-world asset NFTs : in real estate, we typically deal with physical property deeds. Creating tokenized digital assets of these deeds can move highly illiquid items (like a house or land) onto the blockchain. Sources Code: https://academy.binance.com/en/articles/top-7-nft-use-cases |
