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NFT’s diverse use cases and distinct tracts can be attributed to its expanding scope for innovation and infrastructure development. This leaves discussions about the various types of NFTs open to future additions and the possibility of new NFTs emerging. Click here to learn more on the NFT project.

Here are a list of NFT projects:

  1. Collectibles items or trading cards
  • Collectibles selling for thousands of dollars is nothing new, and NFTs are no exception as they can be sold as digital trading cards or kept as collectibles.
  • The emergence of Crypto Kitties, unique digital kittens that became popular among collectors in 2017 was the first instance of NFTs being viewed as collectibles. It is also regarded as the first application of NFT.
  • Companies list various types of trading cards and collectibles in the NFT market as long as they are deemed collectible.

 

  1. Artwork
  • NFT artworks are a one-of-a-kind combination of technology and creativity.
  • The vast majority of NFTs in use today are works of art and programmable arts account for 99% of all NFTs. This is due to the fact that artists were quick to capitalize on the concept of NFTs.
  • Virtual artworks such as digital photos, GIFs, and short videos are now being sold online as if they were physical items. And these are the most expensive NFTs, sometimes selling for millions of dollars. Here are the best NFT marketplaces.
  1. Event tickets
  • NFTs can also be used as event tickets, making it easier to verify people’s tickets and identities. Organizers of popular events like concerts and music festivals can use a specific blockchain to create a limited number of NFT tickets.
  • These tickets can be obtained through auction listings and then stored in mobile devices via wallets for easy access.

 

  1. Music and media
  • The experiments with converting music to NFTs resulted in the development of another NFT variant. Media files and music can now be linked to NFTs with an individual’s true ownership claim.
  • This transformation of music from fungible good to tokenized good has benefited artists in a variety of ways. From having direct access to a new audience and loyal followers to providing listeners with a premium experience.
  • NFTs also allow musicians to keep roughly 100% of their earnings without having to worry about record label or streaming platform cutbacks, which is why they are well-received by artists.
  1. Gaming
  • Game developers have developed a strong interest in NFT and have made extensive use of it. NFTs are used as in-game items in online gaming platforms. Through immutable ownership records for in-game items, Non-Fungible Tokens help drive the growth of in-game economies.
  • NFTs are only sold for in-game content such as characters, skins, and so on, not the entire game. Another application for NFT is the sale of a limited edition version of DLC assets to players who want to take advantage of the exclusive uniqueness of NFT assets. This does not, however, preclude the company from selling regular DLC.

 

  1. Virtual fashion
  • Why should fashion be treated any differently than anything else purchased and sold on the NFT market? When it comes to splurging on a gorgeous Bikini you won’t be able to wear, it’s all about personal preference. Instead of purchasing NFTs artworks, you can use them to style your online avatars.
  • This NFT type is unquestionably reserved for those who are more fashion-conscious and opulent. Of course, each item would be limited and unique.