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

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

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.

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.

GameNFT represents digital assets such as avatars, game equipment and game cards in crypto games. NFTs in gaming can unlock and add value to gameplay already experienced. These NFT games are a place where the users' time and effort are given real-world value. To show how popular NFT games have become, up to a million Philippines played NFT games da... See more

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.

SocialBy owning a social NFT, it gives holders the benefits including joining online and in-person social gatherings.

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.