5 Use-Cases of NFTs Beyond ART

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NFTs adoption has grown up a lot in these last 2 Years and a Big hand behind the rise of NFTs are actually the Use-Cases it offers are Good enough.

Misconception I encountered about NFTs is it's just ART instead of spending money on buying some NFT why not just download JPEG (image) and they are people who don't know about Use-Cases.

I'm into NFTs since more than 1 Year have flipped a lot and seen usecases that I want to write off 5 Use-Cases ahead in this post for Good purpose like awareness.

1- Buying and Selling of NFTs on Marketplaces

The only use-case NFTs are born Naturally is that anyone can Sell and Buy on NFT marketplaces Like opensea is one of the biggest marketplace for NFTs.

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The Floor of NFTs indicates Price for buying and selling which depends on human and demand of collection.

2- Staking NFTs for Passive Income

The Second Possibility comes with NFTs is Staking and it depends on project owners whether they have a plan to add staking feature or not.

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Mostly people Go for the staking feature, roadmap of NFT collection than comes Look and unique ART concept.

By staking NFT we can earn X token on X APR and that token have own Roadmap depends on project team.

3- NFTs Use Case in P2E Games

NFTs in Gaming is a new evolution make it possible for Players to earn Money while Playing Games.

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All they need is to Own a NFT of Game which can be a card like in Sprinterland is a Play 2 Earn Game and NFT is a asset requirement to unlock Game.

NFT role in Game can be anything a character, card which is only way possible to monetize Gaming.

4- Lending/Borrowing in NFTs

In DeFi some NFT protocols have Lending possibilities which is quite Amazing. People can lend their NFTs to each other instead of selling it and Get coins or tokens like bitcoin,ETH (examples).

The way it work is NFT will be set as collateral in order to take loan in asset like token or coin for X % of interest rate.

5- Use of NFTs in real estate

In Metaverse NFTs will have use in real estate like Buying a land or Property NFTs will be used as assets.

NFTs represent digital assets and in any way on Blockchain NFT is a credibility or a key comes with true ownership to person.

Fin. Conclusions: in the end NFTs is beyond ART. It have many usecases that matters in Blockchain and still how NFTs will evolve in future is going to be interesting.

For now hopefully you came to know something new about NFTs and do let me know what's Your favorite use-case of NFTs in comments.

Do not Forget to hit Upvote, Comment and Re-blog.

_{Thanks for reading.}
_Greetings.

All the content and images are mine except indicated. No copyright infringement intended. 11/12/2022.