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NFT Use Cases - Leverage The NFT Trend And Explore Opportunities

kevin kenneth
NFT Use Cases - Leverage The NFT Trend And Explore Opportunities

Starting in 2021, NFTs went mainstream and have experienced never-before-seen prominence and potential growth, which is even staying in 2022. There is an anticipation that the NFT market size is persisting, with a worth of USD 13.6 billion by 2027. Undeniably, the hype about NFTs will never fade as it is buzzing everywhere around us. In this article, let’s look at the use cases and opportunities of NFTs, which will pave the way to explore more in the NFT market.  


What Is NFT And Why Does It Matter?

Basically, NFT is a digital asset with significant traits of uniqueness, scarcity, transparency, and interoperability. It has a unique identification code and the transaction data will be stored on the blockchain ledger. 

The value of authentic & unique digital assets is always high. Whereas, in the digital era, there is a chance of copying digital assets, which could be even artworks. This is when the question arises, like how the traceability of the original version is possible. It is the scenario where NFTs matter the most. 

Just like traditional artwork, NFTs can be sold in the NFT marketplace, and those who own the NFT will hold the copyright. For instance, the Nyan Cat meme is turned into an NFT, which was sold for about 300ETH. Even though there are millions of copies of the Nyan Cat meme, the individual owing its NFT has the ownership. 

NFTs can be traded (bought & sold) on the NFT marketplaces like OpenSea and Rarible (popular ones) and make the most out of them. 

Quick Look At The NFT Use Cases


As NFT trending is happening around us in this digital world, starting a niche by plunging into the NFT market will lead the way to harness tons and tons of benefits. A brief overview of some prominent use cases of NFTs is mentioned below.

  • Art NFTs

NFTs have invaded the art world. Through NFT technology, the creators, like artists, will be able to convert their artworks into digital assets and then sell these. The collectors, on the other hand, if wished, can buy the art NFTs. Some promising art NFTs include Bored Ape Yacht Club and CryptoPunks. 

  • NFT Gaming


Online games will never go out of fashion as gamers have the craze to play games for entertainment purposes. With the inception of the concept of NFTs, it has considerably transfigured the gaming industry. Play-to-earn is the latest trending business model, which has captured many gamers’ hearts as they can play games and make monetization. A few of the exemplary NFT gaming prevailing in the town are Axie Infinity, The Sandbox, Gods Unchained, and Sorare.  


  • Music NFTs

Like art NFTs, music NFTs have gained much attention amongst musicians. Those were the days when independent musicians struggled to have a strong presence and make the most out of it. Nowadays, they can tokenize their digital works and make monetization when minted on the music NFT marketplace. For instance, Kings Of Leon is the first band to release an album as an NFT, which was sold for nearly $2 million. 

  • Other NFT Use Cases - Listed

Apart from the mentioned real-world use cases of NFT, the following is a list of other use cases that you must know for insights, which you could make use of in the present times. Check this out.

  • Sports NFTs
  • Domain Name NFTs
  • Real Estate NFTs
  • Fashion NFTs
  • Collectible NFTs, etc.

Closure Points

With so many use cases of NFTs and the hype that NFTs have created have brought a way to explore so many opportunities in the NFT world. Are you an aspiring individual with the aim to take advantage of the ongoing trends and leap into the NFT world with an NFT marketplace? Narrowing down your niche will help you out. Affiliate with the company that offers NFT marketplace development services suitable for your niche.

kevin kenneth
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