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<p><img src="https://choise.com/_next/image?url&#61;https%3A%2F%2Fcms.choise.com%2Fassets%2F17d1e086-5fb6-440d-b0ce-cd1ba914928f.png&amp;w&#61;3840&amp;q&#61;75" /></p><p><em>Non-fungible  tokens or NFTs are gradually emerging as a central element of digital  projects across a number of industries, from fashion and music to gaming  and finance. Today we will take a look at the most widely spread types  of NFTs, find out what’s inside and try to guess in which direction the  market will develop in the future.</em></p><h3 id="strong-1-digital-art-nfts-strong"><strong>1. Digital Art NFTs</strong></h3><p>Banking  on the benefits enabled by blockchain technology like digital scarcity,  proof of authenticity and ownership, and economic opportunity creation,  a number of digital art NFT collections rose to fame.</p><p>The  Bored Ape Yacht Club and CryptoPunks are widely considered some of the  most influential digital art NFTs, each featuring unique tokens with  distinctive traits and characteristics.</p><p>More  recently, we’ve seen the emergence of generative art NFTs as a novel  category of digital assets and NFT art created not by the human mind but  by artificial intelligence.</p><h3 id="strong-2-in-game-nfts-strong"><strong>2. In-Game NFTs</strong></h3><p>Within  a blockchain game, NFTs can play the role of in-game currency and can  also represent gaming assets. These normally include any characters or  avatars, skins, equipment, add-ons, original content and a wide variety  of props. Token holders can trade these both inside and outside the  game, opening up the opportunity for real-world financial benefits.</p><h3 id="strong-3-music-nfts-strong"><strong>3. Music NFTs</strong></h3><p>Music  NFTs have become an alternative for many musicians seeking a more  democratic and fair way of monetizing their content. Superstars like  Eminem, Steve Aoki, Jay Z and The Weeknd have released their own NFTs.</p><p>Music  NFTs open up access to the industry, safeguard ownership rights and  allow artists to have direct access to the profits of their work.  Moreover, when an artist or band creates an NFT, they can set up the  percentage of royalties they’d like to get for every token resale. So  every time a song is sold or streamed, musicians get automatically paid  without having to go through intermediaries like streaming platforms or  money hungry labels.</p><p>Eminem made $1.78 million by selling his NFT collection Shady Con. (Source: NME)</p><h3 id="strong-4-collectible-nfts-strong"><strong>4. Collectible NFTs</strong></h3><p>After  digital artwork, one of the most popular types of NFT is undoubtedly  collectibles. Given the digital scarcity and rarity enabled by  blockchain technology, collectible NTFs have naturally become some of  the most sought-after.</p><p>Much  of the hype comes from fans rushing to buy sports memorabilia, trading  cards and limited-edition NFTs by some of the world’s biggest  celebrities.</p><h3 id="strong-5-virtual-fashion-nfts-strong"><strong>5. Virtual fashion NFTs</strong></h3><p>As  part of a trend-setting industry, fashion houses wholeheartedly  embraced blockchain technology and NFTs, even before they became more  widely known.</p><p>Gucci has  built a permanent town inside Roblox after holding a flash campaign  inside the same platform last year that was visited by over 20 million  players. Burberry has collaborated with Mythical Games to launch a  non-fungible token collection in their flagship title, Blankos Block  Party.</p><p>Dolce &amp;  Gabbana’s NFT collection called “Collezione Genesi” generated $6,120,409  in sales. Nike’s RTFKT collection of “Fewo Sneakers” reached $3,100,000  in sales and currently holds second place. “The Burberry Blanko”  generated $374,978, Givenchy’s “Chito x Givenchy NFT generated $159,311,  and Gucci’s “Gucci Aria” generated $25,000 in sales, as of February  2022. Finally, Louis Vuitton also has an NFT collectible called “Louis  the Game,” but it isn’t for sale. (Source: Statista)</p><h3 id="strong-6-nft-tickets-strong"><strong>6. NFT Tickets</strong></h3><p>NFT  tickets are already being tested by many event holders and promoters.  Some of the benefits of leveraging blockchain technology in this context  include fraud prevention, economic opportunity, speed and cost  reduction.</p><p>For instance,  take NBA TopShot – an official, NBA-licensed NFT marketplace where users  can buy, sell, and trade video highlights from NBA matches, has  generated $955.62 million worth of trade volume since its release in  2020. As of right now, there are 563,821 traders on the platform who  made 19,194,254 sales between them. (Source: Dapp Radar)</p><h3 id="strong-7-nft-memes-strong"><strong>7. NFT Memes</strong></h3><p>Blockchain  technology is making favorite viral memes a lucrative enterprise as  well. Just take “Doge”, everyone&#39;s beloved Shiba Inu internet dog. That  meme sold for an eye-watering $4 million last year. Other classic memes  have also managed to reach impressive price tags, further underscoring  the financial potential simple pictures have in the crypto world.</p><p>“Disaster  Girl” was sold for $573,136 at an auction. “Nyan Cat” price reached  $515,817, while, “Overly Attached Girlfriend,” was sold for $459,260.  Outside the top three, the highest-selling meme NFTs include “Grumpy  Cat,” which was sold for $100,860, “Bad Luck Brian,” for $45,517, “Leave  Britney Alone” for $43,027, and “Success Kid” for $35,204. (Source:  Statista)</p><h3 id="strong-8-virtual-real-estate-nfts-strong"><strong>8. Virtual Real Estate NFTs</strong></h3><p>Real  estate prices in some of the biggest metaverse-like platforms saw a  surge of as much as 500% last year, in part thanks to big brands like  Nike and Gucci investing in their presence in virtual worlds. (Source: DappRadar) For many, having a real estate non-fungible token is a much better use of blockchain technology.</p><h3 id="strong-9-fundraising-nfts-strong"><strong>9. Fundraising NFTs</strong></h3><p>As  the crypto sphere continues evolving, NFT fundraising is emerging as a  valuable tool for generating capital and raising funds, in particular  for charitable organizations and NGOs. Typically, this process unfolds  in two ways:</p><ul><li>Standard sale of NFTs for profit;</li><li>Raising money towards a specific cause.</li></ul><p>In  addition, nowadays, people have become interested in donating in the  form of NFTs and cryptocurrency. This has many advantages for a charity  institution as they can choose to keep the funds and let the investment  grow over time (as an endowment) or convert the crypto donation into  fiat money.</p><h3 id="strong-10-domain-name-nfts-strong"><strong>10. Domain Name NFTs</strong></h3><p>Non-fungible  tokens are centered on the idea of ownership and authenticity of  digital assets. On the internet, domain names allow users to find  specific websites, connecting people to the information they’re looking  for. NFT domains follow the same idea, but allow users to purchase a  specific name without having to use a traditional domain register.</p><h3 id="strong-and-more-strong"><strong>… and more</strong></h3><p>In addition to the above, there are also less common types of NFTs, such as NFT with access keys or tokens, and many others.</p><p>Thus,  when trying to guess in which direction the NFT market will develop in  the future, it seems very likely that mixed types of NFTs, containing  several values, will appear soon.</p><p>Possibly,  someone will release NFTs with already traded tokens inside, allowing  developing and existing projects to organize token sales in an  innovative manner. This would also create a brand new yet vast secondary  market for the users.</p><p>Read full article: <a href="" rel="noopener noreferrer nofollow">https://choise.com/news/crypto-world/10-nft-types-what-is-inside</a></p>

10 types of NFTs. What is inside?

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Alte articole publicate pe 15 dec. 2022

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