What are the Different Types of NFT

Virtual LandNFT virtual land is an ownable area of digital land on a metaverse platform. These pieces of land are similar to Minecraft where the user has the freedom to be creative, except the digital land is completely the users, unlike Minecraft where Microsoft owns users’ creations. When having digital land completely owned by the users the user... See more

PFPPFP is an abbreviation for ‘picture for proof’ or commonly known as a profile picture. NFT PFPs as of now are only commonly used within Twitter. Other social media platforms are planning to adopt NFT PFPs into their application.

DomainIn Web2.0, a traditional account is not owned by users themself. For example, Twitter owns all account information and is authorized to recall or delete accounts at any time.Domain NFT is a blockchain-based, open-source decentralized account system. ENS domain name enables users to create a human-readable wallet address and link it to the ori... See more

BrandNFT’s boom caused Brands to rush into the NFT area because of the potential of NFT as digital assets in the future.

ArtThe forms of Art have been constantly transforming in the last decades. It is coming to the digital world now. For artists and buyers, there are common concerns about publicity, affordable Cost, and Resell.

MembershipThe word ‘Membership’ has existed in Web2.0 for a long time. However, users’ privacy, data handling and ownership remain to be the key problems. Membership NFTs can potentially transform the membership experience by solving the mentioned problems.

MusicThe fast-growing ecosystem in the music NFTs is also noticeable. Fan rewards and royalties are two significant differences between Web2.0 and Web3.0 musical collectables.

By classifying the mainstream NFTs, we observe that NFT has already gone beyond art/collectables. More and more NFT projects start to empower NFT diverse utilities to bring a better usage experience to the buyers. During the bear market, those NFT projects which are 100% consist of speculation will disappear and those NFTs with a good story, utilit... See more

DefiOn Uniswap V3, liquidity provider (LP) positions are represented as NFTs (ERC-721 tokens) as opposed to the fungible ERC-20 tokens on Uniswap V1 and V2.