All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.
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Non-fungible tokens, or NFTs, came into the limelight in early 2021. Since then, NFTs of all shapes and sizes, from all sorts of sectors, have hit the market. From JPEG images of monkeys and cartoon rocks to human DNA and more, the space has witnessed some eloquent, some bizarre and some overwhelming ideas turned into NFTs. To be sure, the creative freedom NFTs offer is one of the best aspects of the industry. But what exactly are the best NFT ideas?
Planning to launch an NFT collection but lacking ideas? Don’t worry – we’ve got you covered! In this guide, we’ll cover the best NFT ideas to help you get started. We will also take a closer look at what sells best as an NFT and explore some unique NFT ideas.
The short answer – almost anything!
As previously mentioned, one of the most attractive features of NFTs is the fact that you can turn pretty much anything into a digital asset. This is because NFTs act as a digital certificate of authenticity and ownership that you can attach to a digital or physical object. (If you need to brush up on your NFT knowledge, read our NFT 101: An introduction to NFTs guide).
So let’s take a look at the most popular NFT ideas:
Undoubtedly, art is one of the most popular NFT subcategories, with some artworks selling for millions of dollars. Naturally, the space is dominated by digital artists such as Package and Beep. However, traditional artists and fine artists such as Damien Hirst and Trevor Jones has also shown how heritage artists can find success in the space.
Art itself serves as an incredible playground for NFT ideas. You can create animated looping artwork like Mad Dog Jones. Or you can create 2D pixels, line drawings or illustrations. Even better, you can focus on 3D modeling to create hyper-realistic 3D art. If you are interested in photography, of course you can do that too turn your photograph into NFTs.
In the meantime, here’s another NFT art idea for you to tinker with generative art. To explain, this is a type of art generated by computer code created by an artist. Thanks to projects such as Art blocks and Tezos’ fxhashgenerative art NFTs have become extremely popular in recent years.
Also, some artists have also created self-destructing NFTs. For example, Sotheby’s auctioned last year a green NFT that will self-destruct if the global average temperature rises 2°C above pre-industrial levels.
Although not as popular as NFT art, music NFTs is slowly catching up in the industry. Essentially, music NFTs represent an audio file – this can be beats, singles or even entire albums. In addition, leading NFT marketplaces such as OpenSea have a dedicated section for music NFTs. On the other hand, there are several marketplaces that only serve music NFTs. This includes Catalog, Asynchronous musicand Royal.
Now anyone can create music NFTs, regardless of genre. For example, hip-hop artist Latashá are making waves in the Web3 space with their NFT music videos. In fact, she is one of the first musicians to do this. In contrast, musician and artist Ed Balloon is known for his generative sound and film projects. For example, his collection Run Ed contains NFTs that combine stop motion, 2D and 3D animation and music.
The film and television industry is notorious for making life difficult for newcomers. Filmmakers, especially those from underprivileged backgrounds, struggle to get funding for their projects. In the midst of this, NFTs have emerged as a means of making the industry more accessible and transparent. Therefore, many in the industry are turning to NFTs to crowdfund their projects and also get closer to their fans.
Take the Film3 Collective, for example, a community of storytellers and innovators using blockchain technology to usher in the new wave of cinema, Film3. Corresponding to a number NFT TV programs has also come on the market. Examples include the adult workplace comedy The Gimmicks; actress Mila Kunis-produced adult animated series, Stoner Cats, and the animated comedy series, The Glue Factory Show. Even Fox will be premiering its own NFT animated show, Krapopolis!
So if you have a story to tell, NFT movies and animated series are an idea you might want to explore!
Blockchain and NFT games are another thriving Web3 niche. Essentially, these games have NFTs as in-game assets, which players can also use outside of the game, unlike traditional means of play. Moreover, NFTs have given rise to a whole new genre of gaming: games to earn. These games allow players to earn crypto and other rewards while playing.
From horse racing (Zed ran) and mining (Alien Worlds) to trading card game and more, NFT games of all kinds of genres are now becoming popular. If you’re a developer with some cool game ideas and the right resources, you can join the bandwagon too. Alternatively, you can partner with a brand or game studio to develop an NFT game. This is of course a more resource-intensive and time-consuming area compared to other NFT ideas.
While digital fashion may have seemed absurd a couple of years ago, it’s all the rage today. This is all thanks to the growing interest in metaverses or virtual worlds. In this digital economy, people love to show off their avatars by dressing them up in super cool digital clothes, including clothes and accessories. For this reason, even some of the biggest brands such as Dolce & Gabbana, Tommy Hilfiger, Adidas and more have dropped their own digital wearables.
Of course, within metaverses and games, NFTs can represent a variety of other things as well. This includes skins for weapons, cars, buildings and much more. When it comes to digital wearables, there are obviously so many NFT ideas to play with. If you have an impeccable fashion sense and know the basics of 3D modeling, this niche will suit you well!
Sports NFT trading cards and fan tokens were a big hit in 2021, especially due to the popularity of NBA top shot. Although interest in sports NFTs has waned somewhat, especially due to the current bear market, platforms such as Hurt and Socios still enjoys some traction.
So if you are a sports player, this is an area you can tap into and make money from. Alternatively, you can go a step further and even launch your own NFT sports fantasy games.
Notably, NFTs are not limited to digital items alone. You can also link an NFT to a physical item. Some artists like Beeple and FEWOCiOUS offer physical versions of their artwork alongside their NFTs.
Likewise, the liquor and wine industry has many players using NFTs to represent physical liquor bottles, wine barrels, and more. BlockBar, for example, is an NFT marketplace that offers NFTs from luxury liquor brands, where each NFT corresponds to a physical bottle. The platform boasts partners such as Penfold, CARTRIDGEand Johnnie Walkerto mention some.
Apart from this, some have even sold superyachts as NFTs. To illustrate, Cloud Yachts sold a Superyacht as an NFT for a whopping 12 million dollars early this year! On the other hand, some virtual property is linked to physical properties. Well, long story short, you can use NFTs to represent a whole range of physical objects.
A quick look at most expensive NFTs in history will give you an idea of what sells best as NFTs. The clear winner is NFT art and collectibles. The merger by Pak and Weekdays: The first 5,000 days by Beeple takes the top spot for best-selling NFTs.
Likewise, it’s safe to say that 2021 was all about NFT collectibles, and new projects continue to drop, despite the drop in sales. The enormous success of Bored Ape Yacht Club The NFT collection is proof of this. AND collections like CryptoPunks has also sold millions of dollars worth of NFTs.
Apart from these, utility is an extremely important factor that determines an NFT’s success. In a market saturated with NFTs, a good NFT idea alone is insufficient to achieve success. When investing in NFTs, many collectors are in it for the long term. In other words, they are looking for benefits that go far beyond a PFP image.
This is why most top NFT collections offer many benefits to their collectors. Just take BAYC for example. Community members get tools ranging from merchandise, NFT airdrops, access to a plot of land in The Sandbox, and even an annual NFT festival, ApeFest.
While what we discussed above are some common NFT ideas, if you want to stand out from the crowd, there are some unique ideas that you can explore. For example, Alethea AI is an iNFT (intelligent NFT) – artificial intelligence tokens on the blockchain. Essentially, these are interactive NFTs with a built-in AI personality that learns and evolves as you interact with them. Doesn’t that sound pretty cool?
On the contrary, you can also explore name registry services, another growing niche in the NFT market. In short, name registry services such as e.g AGREED and Unstoppable Domains allows users to register shorter, easy-to-remember names assigned to a crypto wallet. This way, you no longer have to struggle with a long wallet address.
Also, a large number of companies are now using AR technologies to create unique NFTs. Take the case about Yes Hoverboards— These are AR-based hoverboards that collectors can use in The Mirrorverse, Jadu’s AR game project. If AR technology interests you, you might be able to create your own metaverse and AR vehicles.
All things considered, when it comes to NFT ideas, the only limit is your imagination. As you can see, the NFT sector is a space where you can let your creativity run wild. You don’t have to stick to JPEG, art or music; you can create animated, 3D, AR or game NFTs. Or better yet, you might be able to come up with your own NFT idea. Who knows, it might just be the next biggest thing in the NFT space!
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.