Non fungible Tokens are a new asset class for the crypto world, and they have been gaining momentum over the last few months. However, there has been a lot of confusion among people about what Non fungible tokens can be used for, so we decided to break it down into a simple list.
Who can use Non fungible Tokens?
1. Anyone who wants to create a unique asset.
Non fungible tokens can represent any type of asset, from digital artwork to real estate. This makes them perfect for creating unique assets that can’t be replicated.
Example: An artist could use Non fungible Tokens to create a limited edition series of prints, each with its unique identifier. The nft creators could ensure that no two images are ever the same.
2. Anyone who wants to create a token with real-world value.
Non fungible tokens enable the creation of unique digital items that can be used in everyday life, such as tickets or vouchers for events and online purchases. This makes them perfect for creating utility tokens that represent real-world assets.
Example: An event organizer could use Non fungible Tokens (NFTs) to sell limited edition passes to VIP guests at their next convention! After exchanging any ERC20 compatible cryptocurrency like Ether or Bitcoin, these NFT’s will provide access to exclusive content during the event weekend. Promo codes are also standard practice when it comes to distributing non fungible tokens!
3. Anyone who wants to create a unique digital collectible.
Non fungible tokens can be used to represent ownership of any type of asset, from virtual real estate and special edition items such as CryptoKitties, all the way up to rare art pieces. This makes them perfect for creating fun and engaging digital collectibles.
Example: A video game studio could use Non fungible Tokens (NFTs) as in-game rewards for players! The NFT’s could then be traded or sold on exchanges, increasing their value over time depending on how many times they were unlocked within the game engine itself. Each reward is guaranteed to have its own unique identity after users activate it during gameplay!
4. Anyone who wants to create a unique in-game asset.
Non fungible tokens can be used within the digital world, and they’re already being widely adopted by some of the most significant projects in crypto, such as Decentral and Crypto Kitties! This makes them perfect for creating assets that players can own and trade with one another.
Example: A game studio could use Non fungible Tokens (NFTs) to reward users when completing specific tasks or quests during gameplay. Their items are guaranteed to have an identity on the blockchain after being activated by players! The NFT’s could then be traded or sold on exchanges, increasing their value over time depending on how many times they were unlocked within the game engine itself.
5. Anyone who wants to create digital items can collect and trade.
Non fungible tokens are the perfect solution for creating unique assets that players can own, trade, or sell within an online game. This makes them one of the best blockchain use cases in existence.