What are membership-based NFTs?

submitted 1 year ago by tompeter1123 to cryptocurrency

NFTs are basically non-fungible tokens and for the record are extremely versatile in their usage. One popular kind of NFT that are are found on some of the best NFT marketplaces is membership-based ones, which give extra bonuses like special tools or being added to exclusive discord and so on. In simple terms, NFTs that offer any sort of added function which is akin to a membership in a group or gathering are called membership NFTs.