The definition of an NFT may sound a bit unclear since basically anything can be an NFT. The technical side of non-fungible tokens allows them to spread to many divergent sectors.
Some of the most popular types of NFTs popular currently are:
1. Art
Art is the most popular type of NFTs at the moment. Due to the pioneering expansion in the art world, non-fungible tokens gained popularity rapidly. The mere notion of NFTs was a ticket for artists to new revenue streams, sole ownership, and a huge global market. It is often mentioned that NFTs are empowering artists.
2. Music
NFTs have become a valuable alternative for musicians looking to cut out the middlemen that used to take a percentage of their profits. Namely, the music industry has been plagued for ages with complaints from artists claiming that streaming services are taking huge and unreasonable commissions. Even though the NFT music industry is still in its infancy, there might be a bright future ahead for music NFTs.
3. In-game property
Along with digital arts, gaming is another frontier where NFTs have gained popularity at first. Yet, companies have not been selling whole games as NFTs but in-game properties such as characters, skins, weapons, and similar in-game property items.
4. Collectible items
Collectibles are a popular example of NFTs as well. From the rise of Cryptokitties, the NFT market exploded in terms of exchanging digital collectible items. It’s no surprise that NFT marketplaces are flooded with divergent types of digital trading cards and other collectibles being sold for thousands of dollars each.
5. Sport NFTs
NFTs offer fans something that may not have a real-world equivalent, namely short clips of groundbreaking events in the history of sport such as impressive touchdowns or similar memorable moments.
6. Domain names
Recently NFT domain names became popular such as the Ethereum Name Service or the Unstoppable Domains. Hence, you may register a domain name and sell it on the NFT marketplace. This is a good example of how these tokens are capable of rapidly spreading across diverse industries.
7. Real estate
Many contemporary NFT projects are focused on the tokenization of real estate to provide sellers and buyers with a higher degree of flexibility and capitalize on real-world assets such as real estate due to the cryptographic proof of ownership mechanism.
8. Memes
Last but not least, you can trade memes on NFT marketplaces. Some of the most popular memes with prices between $30.000 and $770.000 are, for example, Disaster Girl, Nyan Cat, Bad Luck Brian, and other listed memes. The most expensive meme that has been sold on an NFT marketplace is the Doge meme with its impressive purchasing price of $4 million.
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