Types of NFTs
Since the release of NFTs on the blockchain, there has been a lot of speculation about their future. What are NFTs? Simple:
👉 Unique digital assets
👉 Cannot be replicated
👉 Verified on the blockchain
There are several different types of NFTs, each with its own characteristics and uses. They have already started to revolutionize the way we think about digital ownership and asset management, and their potential is only beginning to be realized.
Let’s dive in.
Digital artwork 🎨
These NFTs represent digital art pieces, such as digital paintings or photographs, created by artists and sold to collectors as a way to authenticate and verify ownership of the digital art piece.
Music 🎵
Music or music-related assets, such as songs or albums, may offer perpetual royalties to their holders based on the streaming income of the music.
Photography 📸
Photographs that may include provisions for royalty fees to be paid to the photographer when the NFT is resold.
Digital collectibles 🎴
These are unique digital assets, such as virtual characters or items, that are often bought and sold as collectors' items.
Memes 🤡
Popular internet memes that may be bought and sold as collectibles or used to authenticate ownership of the meme.
Social media posts ✍️
Basically social media content, such as tweets or Instagram posts, and may be used to verify ownership and authenticity of the content.
Sports NFTs ⚽️
These are sports-related assets, such as trading cards, jerseys, and memorabilia, and may be bought and sold as collectibles or used to authenticate ownership of the assets.
Cosmetic NFTs 🎭
Interesting ones, these are digital items that can be used to alter the appearance of characters or items in video games.
Usually issued by the exact NFT project (except cases where there are brand partnerships).
Game-altering NFTs 🎮
They represent digital items that can be used to improve a player's attributes or abilities in a video game.
Usually issued by the exact game project (except cases where there are brand partnerships).
Community NFTs 👬
Used for membership in a particular community which may offer rights or benefits to their holders.
Domain name NFTs 📟
Unique domain names that may be used to create censorship-resistant websites.
Fundraising NFTs 🎗
These NFTs are used to raise funds for projects, startups, or other initiatives, they can give special access to products or services once they are developed.
License NFTs 📜
These ones represent software licenses or developer tools that can offer time-limited or perpetual access to the licensed product.
Identity NFTs 🪪
A person's identity that may be used to verify and authenticate personal information or documents.
Supply chain NFTs ⛓
A cool improvement to the supply chain, these represent items in a supply chain and may be used to track and verify the authenticity and origin of the items.
Event Tickets NFTs 🥳
They facilitate the verification of people’s tickets and identity. Organizers of popular events such as concerts and music festivals can utilize a selected blockchain to mint a limited number of NFT tickets.
Real Estate NFTs 🏠
Land, properties in the metaverse. NFT real estate is virtual property you can purchase on a metaverse platform commonly used as a space to socialize, work, and/or game.
