Use cases of NFTs

After the boom of NFTs in the past years, several applications have sprung up. The presence of NFTs on the blockchain makes it unique, valuable, and unrepeatable. Their relevance in industries and every sector cannot be underestimated. Few use cases of NFTs are documented below;

Gaming

Gone are the days when we played games like Sudoku, snake xenzia e.t.c and all we saw was our score. No other benefits, not even the leaderboard. Times have changed and while games are being played, you can earn as well.

In-game assets and currencies are sold as NFTs making gaming tangible and rewarding. An NFT gaming platform allows gamers to auction, bargain, and transact those tokens. Some gaming platforms are;

• The sandbox
• Gods unchanged
• Axis infinity

Domain names

Through the use of an NFT domain name, artists can display, auction, and sell their work on the blockchain network. Moreover, digital artists can receive payment linked to their NFT domain, making it a seamless experience for both the artist and the buyer. Most of the NFT domains end with .eth or .crypto .

Real-estate

The landmass on Earth can also be likened to the space on the blockchain. It is inexhaustible and users are allowed to create, own and monetize real estate. NFTs simplify and speed up transactions, enable smart contracts for properties (authorizing automatic payments) or even create decentralized home rental services — all while protecting sensitive data like credit card details and PINs. Necessary information about a particular property can be obtained with just a single tap. Real estate becomes super easy and fast.

Other use cases of NFTs are music, crowdfunding, charity, sports, ticketing e.t.c The evolution of NFTs has brought so much ease and improvement to our daily lives.

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