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( votes)Do you wonder if this whole NFT hype is a fad and may fizzle out in a few days? Well, you can be rest assured that some of the NFT use cases are here to stand their ground and grow for a long time. And it’s not about the current buzzword, i.e., digital art. There are many promising NFT use cases beyond art as well.
As technology breaks new glass ceilings every day, the concept of digital ownership will grow stronger in 2022. This post tells you which potential NFT use cases will boom in 2022 and why!
Top 12 Potential NFT Uses in 2022
Let’s jump right into what are the top 12 NFT uses cases that can fetch you considerable growth in 2022!
- Play-to Earn (P2E) Gaming
The P2E gaming model offers rewards to gamers for crossing the in-game milestones. These rewards are owned as NFTs and, therefore, can be traded in blockchain-backed marketplaces. The more article a gamer collects, the more value they generate in the market. It’s a rising craze amongst gamers. Who would not like to make money while scoring in the game!
- Digital Artwork
Digital art is not new, but it has significantly transformed. When NFT entered the ring, it reinvented the ownership of digital art. Digital art can be owned by single or multiple buyers as an NFT property. And enough successful exhibitions proved that digital artwork is one of the potential NFT uses.
- Collectables
Memorabilia is one of the ideal NFT use cases. The traceability feature of the NFT tokens makes it easy for sought-after collectibles to be owned exclusively and to ensure their authenticity. Binance Anniversary and PancakeSwamp are the perfect examples of digital collectibles with massive demand. Even tokenized tweets get good value in the exhibitions.
- Loyalty Programs
Although successful, traditional loyalty programs are not popular currently. Thus, companies like Coca-Cola and fashion brands deployed NFTs in loyalty and got a tremendous response. The smart contract of NFTs is one reason buyers are interested in loyalty programs. It helps save the system management cost.
- Memberships
Memberships are one of the famous NFT use cases. The buyer can easily maintain proof of any club or community membership. Blockchain technology allows buyers to use these tokens as a ticket to exclusive events and clubs. You can even access limited addition articles or other aspirational and exclusive items through membership as tokens.
- Fashion and Wearables
Be it newer brands like Auroboros or the luxury brands like Dolce & Gabbana! All are exploring NFT tokens as a new marketplace. And the results of all the latest auctions for NFTs like Collexione Genesi prove that it’s working. Despite being the comparatively new category in the potential NFT uses, fashion shows real-time growth.
- Community Development
Thanks to people spending more time on social media, online communities are more in trend than traditional communities. Limited edition NFTs of these celebrity/influencer-loyal groups and communities earn good value by offering exclusive entry into their universe. The offers vary from meet and greet opportunities to limited-edition merchandise.
- Real Estate
Real estate is your best bait when it comes to potential NFT use cases in 2022. You can transfer lands and do other transactions swiftly in a simplified way. Real estate is an age-old sector, but it was always ready for NFT. One of the significant benefits of NFT real estate is that you can know everything about a property in a few clicks.
- Medical Records & Identity Verification
Medical records and identity verification of an individual stored in an NFT ledger ensure that they are secure and authentic. This new feature as NFT applications is helping healthcare significantly. For instance, doctors can issue NFT birth certificates to create a newborn’s lifelong identity on the blockchain, verified by the NFT verification apps.
- Academic Credentials
NFT chains safely store individuals’ proof of attendance, degree, and other academic documents. No one can hack and alter these spaces. NFT also introduced a smart contract verification system to verify degrees and diplomas. Academic credentials are the most potential NFT uses as this is the future of how degrees and certificates will be issued.
- Supply Chain
Food materials like fruits need verification in terms of their origin and type. An NFT identifier attached to such products verifies these kinds of essential details. The supply chain, customers, and related companies get the tracking ability to know each and every detail of a product.
- Ticketing
The traditional ticket gives you an entry into an event or a concert. Now enters ticketing as an NFT use case! You can change its artwork, use it to gather concert memorabilia, get drinks and food inside the event, etc. Smart concerts are the future that involves NFT ticketing in many avenues.
Author Bio:
Akanksha Malik is a content creator & digital strategist at Mesha – India’s largest investing club & online community where the world’s best investors gather to share ideas, discover fellow investors, invest in NFTs & crypto, and compete in challenges for real money. She develops content to share her knowledge and insights helping her readers stay updated with the latest in fintech & investments, as well as cryptocurrency trends and upcoming NFT opportunities. Apart from being passionate about her work, Akanksha loves exploring architectural sites and different local dishes during her travels.
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