With the growing popularity of non-fungible tokens (NFTs) many people are attempting to jump on board and ride the wave.
As more people and companies enter the NFT market, it becomes increasingly challenging for them to develop new methods to use NFTs and ascribe the greatest value to them in order to attract and engage their communities at their best.
If you’re looking to enter this industry, but don’t know how to make NFTs offer special benefits to buyers, keep reading.
In this blog article, we’ll go through some of the best examples of NFT use cases in 2022.
Let’s get right to it.
1. NFTs as entrance tickets to in-person events
The use of NFTs for conferences, concerts, and events has become more and more significant.
NFTs have since taken the place of standard tickets.
Therefore, event planners are implementing so-called NFT tickets or NFT passes to provide participants with cutting-edge technology and a way to permanently access and save memories of that event on the blockchain.
2. NFTs as proof of authenticity
The prevalence of counterfeiting, especially in the luxury sector and with well-known firms, makes it difficult to confirm an item’s authenticity.
NFTs have been shown to be the solution to this dilemma.
Many businesses and well-known brands have begun to use NFTs as proof of authenticity when delivering goods to customers.
This way, buyers are certain that they are purchasing an original product, and because the information is saved on the blockchain, they can prove the authenticity forever.
3. NFTs as proof of ownership
Proof of ownership is a challenge similar to proving the authenticity of a product.
This may be very useful in the used market to determine how many owners the product had.
As an example, the used car market might benefit greatly from this feature, since an intending buyer could use an NFT to verify the information recorded on the blockchain and discover how many owners the car has been through.
4. Access to private groups or community
Increasingly, private groups are forming as Discord and other community platforms become more popular.
The NFT is now used as a means to gain access to such private groups and benefit from everything they have to offer.
5. Access to beta products or beta versions
Access to beta goods or beta iterations of services can likewise be granted through NFTs.
NFT holders in this situation get the chance to test the product or service first and reap the rewards of all the advantages and changes that come with just being first.
6. NFT as coupons for discounts on products and services
NFTs are gradually displacing standard coupons.
This means that NFTs are issued and used by users to gain access to special discounts and promotions.
7. NFTs for use in virtual environments/metaverse
Some NFTs are also intended for usage in the metaverse.
It is an example of NFT clothing, accessories, and things that avatars in the metaverse can wear or use.