Admit it. When thinking of NFT success, you always remember somebody like Beeple, Banksy or Pak. But what if you don’t have an artistic talent?
The Internet is full of such questions.
And there is an answer to this question. Definitely not! You can create NFTs out of anything that you own copyrights for.
Do you own a poem or maybe a joke? This will do!
The only rule is that it has to be original. You are certainly not allowed to copy someone else’s intellectual property. But that’s the only rule that matters. NFTs are more than just pics on the net; now we’re going to prove it.
Let’s find out which other types of NFTs are popular in the blockchain world.
We don’t agree with Brycent 100%, however, this criticism often contains a grain of truth.
Many people think that this is what NFTs were made for. Well, it’s no surprise as game artifacts fit into the NFT concept perfectly well.
NFT items may add additional value to your game progress, just like the Bitorbit NFT chests in the Warlands game!
Different chests include a different number of characters and Mounts that will help you proceed in Warlands.
Moreover, such NFTs may give you an opportunity to influence the future of the game and choose the direction of its development.
Axie Infinity and Sandbox set the basis of how the future of gaming must look like. And despite the fact that many experts think P2E time is gone, the decline will be followed by a rise.
How do we know? There are certain factors pointing at it. First of all, VCs are still investing billions into web3 games.
According to DappRadar’s latest BGA Games Report, blockchain games and metaverse projects raised $1.3B in Q3.
Moreover, gamers will always remain gamers and still play for 1000s of hours approximately. So it is obvious that gaming will dominate most of the NFT industry over next 2–5 years.
Being a creative mind doesn’t always mean to be an artist and sell paintings. Let’s give credits to musicians.
The music NFT sector in 2022 grew immensely despite the difficult economic situation.
Take a look at what happened in the industry this year.
Snoop Dogg dropped on Sound in March. It was a huge moment of the year and the first big edition (1,000 NFTs).
Nas teamed up with 3LAU to release his first-ever NFT collection on Royal. The collection consisted of 1,870 NFTs. 2 sold-out drops generated more than $560,000 in total revenue.
Partnering with Tezos-based NFT platform OneOf, the Grammys launched an official NFT collection. Coachella did the same, offering an exclusive NFT represented by a 360-degree immersive experience of the Antarctic Dome at Coachella sold for $145,000.
And this is just 5% of what happened. Why is this sector so stable?
Music NFTs are not about speculation, but more about long-term vision.
At the end of this year, the number of music NFTs minted went crazy.
Besides, a cool way of selling NFT music was developed when a music track can be broken down into three separate layers, called “stems”, which are separate, ownable NFTs, just like on Async Music.
As you see, music NFTs are here for long. Try your luck!
Sotheby’s also needs some transformation, right?
Actually, the initial NFT concept is that all NFTs are collectibles.
One of the most famous cases was when an anonymous NFT group called Spice DAO burnt the art book: Jodorowsky’s Dune, the guidebook to Frank Herbert’s Dune movie adaptation. The team planned to sell it as an NFT afterward.
However, there was one problem: they knew very little about the NFT essence.
The purchase doesn’t mean you own the copyright.
Check out our article explaining NFT nature to learn more.
This case may seem irrelevant to the case, but it still shows the perspectives of the NFT collectibles if you know what you really sell.
Last year Amsterdam dealer called Aronson Delftware launched two series of five NFT-based 3D “digital twins” of a 17th-century Delftware tulip vase.
However, the original 17th-century Delftware vase was put up on sale separately, priced at €125,000 (£107,000). And this is the correct approach to NFT technology.
Another great tool if you’re not into art. NFT domains represent a license to use a site address. This category of NFTs allows users to control over their addresses. This can become a cool option for those who don’t want to remember numerous passwords.
All in all, the blockchain contains information about the owner of the domain and its content. The domain is stored in a wallet, meaning no middlemen are allowed.
How cool is that?
Believe it or not, loans can also be tokenized. This is where finance NFTs step on the stage.
These loans can be traded on NFT marketplaces. The scheme is similar to traditional secondary mortgage markets where various entities buy and sell mortgage loans and servicing rights.
Remember the high-risk packages of loan securities known as collateralized debt obligations (CDOs) in ‘The Big Short’ movie when the bubble burst?
The NFT holder chooses the loan interest rates while the loan exists. Thus, users are not attached to a single network.
In a word
This is just a small part of the ways to use NFTs if you’re not into traditional art. As you see, the sky is the limit when dealing with this technology. Like this article, if you’d like to get more ways of creating NFTs in all spheres of our life!