What are NFTs?
24 Industries Being Disrupted as we speak!
What are NFTs?
24 industries are being subverted by NFT!
1) Art is a huge growth industry for NFTs.
We've seen pieces go for $50,000+ and certain artists sell out $100,000+ in a single day. SuperRare alone report $2.3M transaction volume.
1) Art, a rapidly growing industry.
We can see that works sold for more than US$50,000 have already appeared on the market, and some artists can sell more than US$100,000 in one day. SuperRare alone had $2.3 million in transaction volume.
2) Virtual land is another monster industry.
Build virtual conferences, games, DeFi banks, art galleries, etc.
Over $50M worth of transaction volume so far!
2) Virtual land, another "beast".
Create virtual conferences, games, DeFi banks, art galleries, and more.
The current transaction volume has exceeded 50 million US dollars!
3)Games. Probably the leading NFT usecase.
Own skins, games, pets, items, everything you'd buy in a traditional game. You own the asset as an NFT.
Play to Earn is becoming a thing.
3) Games should be the leading NFT use case.
In NFT games, you can have skins, mini-games, pets, etc. Everything that can be purchased in traditional games can be found in it.
The NFT you own is your asset.
Play to Earn is becoming a fad.
4) Yes, more games. TCG’s.
Played Hearthstone or Magic the Gathering?
Buy decks, trade cards, win more cards, another possible play to earn contender.
4) Another game, TCG (Trading card game).
Have you ever played Hearthstone or Magic the Gathering?
Buy decks, trade cards, win more cards, another way to win in the game.
5) Collectibles.
From Cryptopunks selling for 10's of thousands of dollars to Cryptokitties selling for six figures.
'Collecting' will be at the heart of the #NFT industry.
5) Collectibles.
From Cryptopunks in the tens of thousands of dollars to Cryptokitties in the six figures.
"Digital collections" will be the core of the NFT industry.
6) Card/Animated collectibles. One step further.
Projects like NBA Topshot where you can collect 'moments' or card drops. Bringing collectible cards to Blockchain.
6) Card/animation collectibles.
In programs like NBA Topshot, you collect "moments," or cards that drop.
Bring the collected cards into the blockchain.
7) Domain/Wallet ‘Names’.
It makes sense to own a domain name as an NFT.
Projects like ENS Domains & Unstoppable Domains which recently saw a 230 ETH sale!
7) Domain/Wallet "Name".
An NFT domain name is absolutely valuable.
Projects like ENS Domains and Unstoppable Domains have recently sold 230 ETH!
8) Fantasy Sports.
Buy sports players as NFT's, position them, earn rewards.
8) Fantasy Sports.
Buy sports player NFTs, place players, and earn rewards.
9)NFT Marketplaces.
The nature of NFT's allows you to take them to any secondary market and buy/sell.
Marketplaces have been the backbone for the NFT economy to function.
9) NFT market.
Due to the special nature of NFT, you can buy/sell NFT in any secondary market.
The trading market has always been the backbone of the NFT economy.
10) NFT project launch platforms.
Need the right tools to integrate/launch your project or game on Blockchain?
Projects like Enjin and Genesis Worlds are leading the way.
10) NFT project launch platform.
Do you need the right tool to integrate/launch your project or game on the blockchain?
Projects like Enjin and Genesis Worlds are leading the way.
11) DeFi x NFT's.
Fresh but extremely interesting.
Stake Tokens, earn rewards as NFT's? Ties in to 'collecting' but having assets with varying values and rarities brings a whole element of awesome to traditional DeFi.
11) DeFi x NFT's。
Fresh but fun.
Mortgage tokens and earn NFT rewards? It’s about “collection,” assets of varying value and rarity that bring a whole new element to traditional DeFi.
12) DigiPhysical goods.
Physical merchandise like T-shirts, hoodies and others but connected to a Digital 'wearable' you can wear in virtual projects like Decentraland, Cryptovoxels, etc.
12) Digital physical goods.
Physical goods like T-shirts, hoodies, etc., but digital physical goods can be connected to digital "wearable devices" (a digital physical product contains a physical product and a corresponding digital product), you can find it in Decentraland, Cryptovoxels and other virtual projects.
13) Virtual Scenes/Models/Assets.
Think an 'app store' but for the Metaverse. Metazone has been doing this in Decentraland.
A reported, 2 million $Mana earned from developers selling games, models to land owners.
13) Virtual scenes/models/assets.
It's an "app store" for the Metaverse. Metazone has been doing such an app store in Decentraland.
The developer reportedly made $2 million selling games and models to landowners.
14) Shared ownership/sharding.
Can't afford a $10,000 premium NFT?
Why not own a piece?
Break your NFT into 'shards' or 'erc20's' and sell them on NFTx.
A unique solution to unlocking liquidity.
14) Shared Ownership/Escrow.
Are you still worried about not being able to afford a $10,000 premium NFT?
Why not choose to own some of it?
Divide your NFTs into "shards" or "erc20s" and sell them on NFTx.
This is a unique solution to unlock liquidity.
15) Insurance policies as NFTs!
You can actually repackage insurance as NFTs and buy/sell them!
Gabby Dizon figured this out and made some #ETH selling Yearn finance policies on Rarible to liquidity pool providers.
15) NFT insurance policy!
You can actually repackage insurance as NFTs and buy/sell them!
Gabby Dizon discovered this and sold Yearn financing policies to liquidity pool providers on Rarible, earning ETH.
16) Digital Cars.
With the rise of Blockchain virtual worlds, Crypto motors has sold 100's of ETH worth of digital cars.
Buy them, ride them, sell them.
16) Digital cars.
With the rise of the blockchain virtual world, Crypto motors has sold digital cars worth 100ETH.
Buy them, ride them, sell them.
17) Gold backed NFTs.
Bullionix allows you to use Digix (gold backed tokens), to mint Gold backed NFTs!
We used them in Decentraland as the prize for a 24 team football tournament.
Cups, medals, prizes, the potential for gold backed NFTs is BIG.
17) Gold-backed NFTs.
Bullionix allows you to use Digix, a gold-backed token, to mint gold-backed NFTs!
We have these NF T's as prizes for 24-team soccer games in Decentraland.
Trophies, medals, prizes, gold-backed NFTs have huge potential.
18) Proof of attendance protocol.
POAP's allow you to hand out attendance badges as NFT's during events! Whether physical or digital, having a 'collectible' only event attendees can claim will encourage attendance.
Again, used in Decentraland for virtual events.
18) Proof of Attendance Agreement.
POAP allows you to issue attendance badges as NFTs at events! Whether physical or digital, having a "proof of attendance" is all it takes. Whether physical or digital, there is a 'collectible' that only event attendees can claim to encourage attendance.
Likewise, for virtual events in Decentraland.
19) Event Tickets/Access Tokens.
Verified access for physical and virtual events!
Mintbase and Digitix are doing some work here.
Along with Digitibles using them in Decentraland for special HQ access and Kakao to verify investors.
19) Event tickets/access tokens.
Verify access to real and virtual events!
Mintbase and Digitix are working on this.
Digitibles use them in Decentraland for special headquarters visits and Kakao investor verification.
20) Music.
Another one currently possible on Mintbase. DaoRecords using the platform to sell music NFTs.
The music industry will be huge as traditionally there has been huge digital ownership issues. Blockchain comes to the rescue!
20) Music.
Another possibility for Mintbase. DaoRecords uses the platform to sell music NFTs.
The NFT music industry will be huge because the traditional music industry has huge digital ownership issues. Blockchain can just solve this problem!
21) Sponsorships/Funding.
Need an NFT as proof you are a sponsor or funded a project?
Recently we saw Based Protocol issue NFTs to those that committed $50k to the development of V1.69.
21) Sponsorship/Financing.
Do you need an NFT to prove your sponsorship or as a proof that you sponsor a certain project?
Recently, we saw Based Protocol handing out NFTs to those who pledged $50,000 towards the development of V1.69.
22) Wearables in virtual worlds.
Another use case for Decentraland, Cryptovoxels and other platforms where 'wearables' or avatars will be made available as NFTs.
Collect them, flaunt rare ones when you can. Some wearables have sold for $1,000’s!
22) Wearables in virtual worlds.
Another use case for Decentraland, Cryptovoxels and other platforms, “wearables” or avatars will be offered as NFTs.
You can show off your collection of these rare NFTs. Some wearables are already selling for $1,000!
23) Names in virtual worlds/games.
Decentraland uses ENS Domains to issue avatar names.
Buy names, use them in game or sell them back on the marketplace.
There's been a huge market for name trading in runescape.
Now you will be able to do it in Virtual Worlds via NFTs!
23) Names in virtual worlds/games.
Decentraland uses the ENS domain to distribute avatar names.
The purchased names can be used in the game or sold in the market.
There is already a huge market for name trading in runescape.
Now, you'll be able to do it in the virtual world through NFTs!
24) Social currencies backed by NFTs.
We've seen Whale shark issue $WHALE backed by a HUGE collection of rare NFTs.
Coin artist recently released $COIN to be used in the Neon District ecosystem.
Community currencies used within NFT projects.
24) NFT-backed social currency.
We've seen Whale shark issue $WHALE backed by a huge collection of rare NFTs.
Coin artist recently released $COIN for the Neon District ecosystem.
Social tokens used in NFT projects.
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Metaverse and NFT projects open up a new world for you and me. A world where your imagination should not stop at what you can find online. Your imagination is there to imagine the metaverse you want for yourself and your friends. Can you imagine a new project? What would you create?
Metaverse and NFT projects have opened up a new world for you and me. This is a world where your imagination shouldn't just stop at what you can find online. Use your imagination to create your own metaverse for yourself and your friends. Can you use your imagination to create a new project? What kind of world would you create?
