Utility NFT (Non-Fungible Tokens) | Moving Beyond Digital Collectibles
In the first quarter of 2022, the overall trading volume of non-fungible tokens (NFTs) increased from millions to billions. There must be more to NFT development than just market buzz and FOMO for that value to be sustainable.
Finding practical applications for NFTs is still in its nascent stage. However, the cryptographically distinct tokens may be more than just JPEGs stored on a blockchain. Utility NFTs, or NFTs with real-world applications, may prove to be a potential catalyst for the transition of NFTs from an investment fad to a brand-new mode of interaction, play, and work, powered by smart contract solutions.
Can utility NFT prove to be a potential catalyst for NFTs; transition from an investment fad to a brand-new mode of interaction, play, and work? Find out Utility NFT (Non-Fungible Tokens) | Moving Beyond Digital Collectibles
NFTs or Non-Fungible Tokens are evolving faster than time. Since its inception, many different types of NFTs have been developed, and some categories of NFTs look more promising than others.
Source: https://www.onfeetnation.com/profiles/blogs/future-of-utility-nft-tokens