The latest NFT examples to make money
Non-fungible tokens or NFTs are a way to represent any unique digital data. However, it now goes beyond the digital world. It can now be anything from a piece of art to music, video, sneakers, fractional real estate and almost anything in the real world. The latest NFT examples will show you what this technology is best known for, as well as other applications you may not be aware of.
Latest NFT examples
The latest NFT examples show you that it is possible to create an NFT for almost anything. And as a creator, entrepreneur or small business, it highlights many opportunities to generate income.
Take a look at these NFT examples and get inspired.
NFT Art
While many may not call the most popular NFTs art, they hold value to the people who own them. And many of them are worth millions of dollars. However, they are not the only type of art that features as NFTs. It is very traditional art that is also sold as NFTs. So, just like in the real world, you have many options when it comes to choosing NFT art.
A sneaker
The sneaker resale market is expected to grow to $30 billion by 2030, from $6 billion in 2020. You can now add NFT sales to the trend as sneakers sell for $100,000 and more as NFTs.
Item in the game
In 2021, the size of the global video game market was valued at $195.5 billion, and it is expected to grow at a compound annual growth rate of 12.9% from 2022 to 2030. When you add in-game merchandise purchases, the market valuation will even much higher. Having NFT items in the game makes selling them easier and safer.
Object from the real world
As the name implies, real objects can be anything. From a Rolex watch to a car.
Fractional property
Selling fractional NFTs allows the seller to split the commodity into many different parts. This means that a fractional house can be owned by 10, 100, 1,000, 10,000 or even a million people. For property investors, this means they can now make it affordable for people on limited incomes to start investing. One fractional token can start at $50 or more depending on how many times the seller wants to fractionalize the property.
- An essay
- A digital collectible
- A domain name
- A ticket that gives you access to an event or a voucher
- Degree certificate
- Music royalties via NFTs
- Move 2 serve
- Digital identity
As more people and businesses begin to realize the flexibility and security of NFTs, the technology will be ubiquitous in the real and digital worlds.
Example of an NFT smart contract
An NFT smart contract is a way of implementing a sales agreement between the NFT owner and the buyer. Since the smart contracts are self-executing, they can check that the terms of the contracts have been met. This means that they can carry out the terms without having to deal with an intermediary or central authority.
Here is an NFT code example for an Ethereum smart contract.
Make NFT work in the digital and physical world
With an NFT, you can assign ownership to all unique digital data. Similarly, you can also do the same for non-digital assets. An NFT can represent digital art, music, videos, GIFs and more in the digital world. In the real world, NFTs can represent signatures, legal documents, objects, tickets to an event, and even title deeds to a car.
Coachella is selling an NFT with Key to the VIP Compound with lifetime guest passes for two along with great benefits.
Early NFT adoption for businesses
NFT technology is in the early stages of adoption by businesses, but there is great potential if used correctly. With proper implementation, small business owners can take advantage of the many benefits NFT provides and will provide in the future. As an entrepreneur, exploring all options to increase revenue streams will ensure your company’s long-term survival. And NFT is one of the tools that can make it possible if you start now.
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Image: Depositphotos
