What Are the Big 5 NFT Use Cases?
What Is NFT? NFT refers to Non Fungible Token, Non Fungible Token is a unique digital asset. Compared with Bitcoin, each Non Fungible Token is unique and cannot be exchanged equally. NFT can be collectibles, art, gaming, virtual assets, and real-world assets. What Are the Big 5 NFT Use Cases? Collectibles When it comes to NFT use cases, collectibles are one of the most popular applications. NFTs are simply converting collectibles into digital format. CryptoKitties is one of the most notorious examples of collectibles. Developed by Canadian studio Dapper Labs in 2017, CryptoKitties is a blockchain game on Ethereum, the most expensive NFT collectible. it sold in 2017 is 600 ETH. Art NFT perfectly solves the problems of artwork forgery and copyright infringement. NFTs can prove authenticity and ownership pretty easily for arts, it means the creators can validate the arts and earn money from it. according to Sotheby, NFT also allows collectors to evaluate digital art in a manner simi...