NFTs (non-fungible tokens) have long been associated only with expensive JPEGs and the hype around digital art. But beyond the hype, there are real, practical applications of the technology.
Here are some examples:
1. Gaming Industry
NFTs have become an important part of Play-to-Earn (P2E) games. In projects like Axie Infinity or Gods Unchained, in-game items are NFTs that can be traded on external markets. Players truly own their assets.
2. Tickets and Access to Events
Platforms like YellowHeart use NFTs as tickets for concerts, sports, and cultural events. This helps to avoid counterfeits and resales at inflated prices.
3. Product Verification
Brands, such as Nike with the CryptoKicks project, are implementing NFTs to verify the authenticity of sneakers. A unique token accompanies each pair of shoes and proves that it is the original.
4. Art and Copyright
NFTs allow artists to monetize their creativity directly, without intermediaries. Additionally, royalties can be embedded — a percentage from each resale.
5. Real Estate and Property Rights
In metaverses (like Decentraland or The Sandbox), NFTs represent parcels of land. However, sales of physical real estate through NFTs in the form of digital ownership certificates are already being tested in the real world.
6. Music
Musicians can sell albums or individual tracks as NFTs, providing exclusive access, bonuses, and a share of future profits.
NFTs are not just a trend, but a technology with the potential to change the approach to ownership, authorship, and decentralized economy.
