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NFTs are still so early-stage, which means there are plenty of NFT ideas you can try to gain a competitive advantage over those who discover them later on. If you’re looking to create some of your own, we’ve got some NFT ideas listed below.
8 unique NFT ideas and how they can work
1. Virtual land ownership and development in virtual worlds
This could be multiplayer online games or virtual reality platforms. One example of this is the virtual world of Decentraland, where users can buy, sell, and develop parcels of virtual land using NFTs.
To implement this, the virtual world would need to be built on a blockchain platform that supports the creation and trading of NFTs, and a system for managing the ownership and development of virtual land would need to be put in place.
2. Gaming collectibles
This could also include other interactive experiences, such as trading card games or puzzle games. An example of this is Sorare, a platform that offers NFT-based trading cards for various soccer, NBA, baseball teams, which can be used to play fantasy games.
To implement this, a game or interactive experience would need to be developed that utilizes the NFTs as collectibles or in-game items, and a marketplace for buying and selling the NFTs would need to be set up.
3. Ownership of physical objects
This could be piece of art, and can be used to authenticate and track the ownership of the physical object. An example of this is the “Own Art” program in the UK, which uses NFTs to authenticate and track the ownership of original works of art.
To implement this, a system for creating and managing NFTs that represent ownership of physical objects would need to be developed, and a mechanism for linking the NFTs to the physical objects they represent would need to be put in place.
4. Shares in real-world assets
Imagine a piece of property, a work of art, or a collectible car which be traded like traditional stocks or bonds. An example of this is the Aspen Digital platform, which uses NFTs to represent fractional ownership in luxury real estate.
To implement this, a platform for creating and managing NFTs that represent shares in real-world assets would need to be developed, and a mechanism for buying and selling the non-fungible tokens on a marketplace would need to be put in place.
5. Access to exclusive experiences or services
Such as VIP access to a concert or a private tour of a museum. An example of this is the “Socios” platform, which uses NFTs to represent access to exclusive experiences and services for fans of sports teams.
To implement this, a platform for creating and managing NFTs that represent access to exclusive experiences or services would need to be developed, and a mechanism for buying and selling the NFTs on a marketplace would need to be put in place.
6. Digital identity
Allow users to prove their identity in the digital world, and control their personal data. An example of this is the uPort platform, which uses NFTs to represent digital identities on the Ethereum blockchain.
To implement this, a platform for creating and managing NFTs that represent digital identities would need to be developed, and a mechanism for using the NFTs to prove identity and control personal data would need to be put in place.
7. Digital collectibles
These collectibles go beyond the art piece itself, like a digital collectible that gives access to a live stream event, or a virtual concert. An example of this is the “CryptoPunks” project, which uses NFTs to represent unique digital characters that can be used to access a virtual concert.
To implement this, a platform for creating and managing NFTs that represent digital collectibles and a mechanism for linking the NFTs to access exclusive events or experiences would need to be developed.
8. Rights to a piece of music or a film
Give the owner the ability to monetize or distribute the work in various ways. An example of this is Rarible’s music NFTs, where musicians can tokenize their work and sell it as NFTs.
To implement this, a platform for creating and managing NFTs that represent rights to a piece of music or film would need to be developed, and a mechanism for buying and selling the NFT.