The team has prepared an overview of utility NFTs, a promising ‘old’ new development in the NFT universe: classification, top collections to follow and ways to find new projects. NFTScout What are NFTs? NFT stands for non-fungible tokens. It is a type of digital asset that represents a unique item with a digital certificate of ownership. NFTs are stored on a blockchain and can be traded or sold on digital marketplaces. Each NFT represents a real-world object like music, a video, an in-game item, or a virtual baseball trading card. ownership of digital assets, such as artwork, video clips, music, in-game items or other digital content. Utility NFTs explanation Utility NFTs are digital NFT collectibles that unlock some helpful application for their owner. While each standard NFT token has a value in its scarcity, utility NFTs are digital NFT collectibles that open some beneficial use for their owner. Types of NFT utility There are several broad categories of NFT utilities that can provide among other things: Access to members-only events and meetings Grant ownership of physical items In-game items as part of the game activities NFTs fractionalization or partial ownership of NFT items Top 6 Utility NFT collections Bored Apes Yacht Club Azuki VeeFriends CloneX Mutant Apes Yacht Club CryptoKitties How to find a perfect NFT project with utility? Some criteria that could be used to choose the best NFT include: Look at project founders and teams that work on the NFT project in question. The more credibility there is among the team members the better. Team. Community that is built around the project and how engaged and developed it is. The loyalty of the community and its sheer engagement can be a sign of a longer project development and value that it will bring. Community. Check the size of the NFT collection. Pay attention to the utility that the project provides as well as the variety of traits and attributes generated for each token Project quality. Additional resources More ways of NFT application A list of top NFTs to buy in 2022 History of NFTs Best utility NFT projects by NFTScout
