Are NFTs a scam?
NFTs have always been ridiculed and termed as Ponzi schemes. Here are multiple use cases of NFTs that can be revolutionary. With use cases for NFTs expanding rapidly, here are some reasons why this class of digital assets is heralding a new era of the Web.
VIRTUAL IDENTITY
Using NFT avatars, you can choose to reveal certain attributes of your identity in the digital realm across various metaverses
GAMING
In-game NFTs allow players to earn income while playing, and can range from characters, special abilities to other tradable objects in games.
PHYSICAL WORLD UTILITIES
The real-world utility of NFTs is also on the rise, from exclusive access to in-person events and services.
ACCESS TO COMMUNITIES
With specific NFTs, you can gain access to exclusive clubs or communities of like-minded individuals with shared values and assets.
TICKETING
NFT ticket holders can receive additional perks and a more immersive fan experience, such as meet-and-greets, exclusive merchandise, and more.
DIGITAL COLLECTIBLES
NFTs enable verification of the authenticity and ownership of collectibles, potentially improving the way we store and collect things of value.
ART
NFTs allow proof of ownership, freedom of issuance and immutability, which have revolutionized the way we create, collect, and own art.
