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4. Use Cases NFTs necessarily need not be digital nor art. As discussed earlier, they can have varied use-cases like gaming, physical art, music, ticketing and more. Art / Collectibles The most popular use case for NFTs is digital art on the blockchain. But even in art, it should be noted that there are differences – it can be randomly generated content like CryptoKit- ties or a tokenised piece of unique art like artist Beeple’s “Everydays: The First 5,000 Days”. Further, the art can have a physical component as well, Banksy’s “Morons” was burnt and to- kenised, and some NFTs can come with a physical copy. As discussed earlier, NFTs following the same standard allow for composability and interoperability. The owner of any digital art can display it on other platforms like the virtual worlds of CryptoVoxels and Decentraland. Picture 2: Inside the Museum of NFT Art in CryptoVoxels Source: CryptoVoxels Gaming Games already have a thriving in-game economy with cosmetic items like knives in Count- er-Strike or usable items like player cards in FIFA Ultimate team. Having these items on the blockchain gives users verifiable data about supply and supports trade where the developer can continue to earn fees. Axie Infinity, a blockchain game similar to Pokémon, has more than 19,000+ monthly active users where players can raise and battle creatures called Axies. Similar to CryptoKitties, Axies can be bred and pass on their “genes” and traded with other players. With gaming on the blockchain, players can be assured of the uniqueness of their assets and are not subject to the whims of a company supporting the game. They can par- ticipate in the governance and their assets can become part of a multi-game universe, with other projects building off a game’s established assets. NFT A New Fancy Technology 5PDF Image | NFT New Fancy Technology
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NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
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NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
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