How are NFTs used by the companies?

submitted 1 year ago by tompeter1123 to cryptocurrency

Companies have produced NFTs in many methods, with marketing being the most popular method. Some businesses use NFTs to market their products as well. These NFTs can be redeemed at the store and then burned. Nonetheless, NFTs are frequently used to promote products, such as cricket NFTs, which are being marketed in cricket NFT marketplace to attract more people to the sport. NFTs are also employed in-game, separate from this, to allow players to profit from the games they played.