The types of NFTs and digital art available for purchase on an NFT art marketplace are only limited to the extent of your mind. Any type of art or format you can think of, there is most likely an NFT to fit your collection. But since there are so many types, it can be difficult to choose. Today we will be reviewing different types of digital art on NFT art marketplaces, and how to choose an NFT to buy due to NFT licensing protocol.
Music NFTs are just like your usual NFTs that you would see for sale, except that they’re musical pieces with encrypted properties. Music NFTs allow artists for creative freedom than just an audio file. It also generates more profit as an alternative to streaming services. Listed below are three of the most popular platforms for selling music NFTs. Now you will know how to choose an NFT to buy.
1. OpenSea- Is an online marketplace that allows people to easily create, sell and buy NFTs. It’s one of the largest NFT trading platforms with more than 1.5 million active users, according to Dune Analytics.
2. Nifty Gateway- collaborates with artists and brands to create limited-edition digital art collections exclusive to the platform. Nifty Gateway takes great responsibility in curating which NFTs are available on the platform, so you know you are always buying high-quality NFTs.
3. Async Music- a music-focused NFT marketplace. Each master track that’s uploaded to Async Music has multiple “variants” or versions, so other artists can mint unique music NFTs. Async Music also recently added the Recordings feature, which allows artists to create limited edition recordings of their selected master track.
NFTs games are blockchain games that allow users to purchase in-game items such as collectibles to be used as weapons, exclusive added levels, or skins for completing tasks or to be sold to other users within the game and on other NFT marketplaces. With NFTs, games are not only exciting but also potentially rewarding how to choose an NFT to buy.
1. Gamestarter- is a complete gaming system that brings a new standard for indie game funding by building an lGO launchpad, NFT-based platform & marketplace.
2. NFTb- was created to allow gamers to trade their NFTs on a market that values their collection. It Provides gaming collectibles and engages the Blockchain Gaming ecosystem by unlocking the value from cross-chain gaming
3. AirNFTs- provides a simple user interface and a one-click minting process for artists and creators. It also gives users the possibility of earning extra money via royalties on secondary sales
Virtual Reality NFTs
NFTs can help transform AR and VR experiences and content into verifiable assets. Making them easier to buy, sell and access using blockchain technology. NFTs will also make it easier and more interactive for users to access customized AR or VR experiences.
1. Rareible- is an Ethereum-based platform that facilitates the creation, sale, and purchase of ownership rights to digital works of art via NFTs.
2. VisioNFT-NFT marketplace and art gallery for the virtual reality space. Experience NFTs like never before.
3. Victoria VR- Victoria VR is the first Blockchain-based MMORPG in Virtual Reality with Realistic Graphics built on Unreal Engine, created and owned by its users.
Digital Art For Concert Venues
While non-fungible tokens have found an affinity in the art world, they are also being used in other places thanks to their flexible and multifaceted nature. Concert venues rely on non-fungibility to prevent fraud in regard to tickets. Since NFTs cannot be copied, replicated, or changed, they serve as a great asset to venues trying to stop fraudulent ticket sales.
Some bands are even adopting NFTs in their lines of merch. They may release customized avatars or even NFTs that allow access to pre-sales for back-stage passes. NFTs can provide access similar to a ticket stub. They are non-fungible and trackable via the blockchain, and thus the ideal solution for removing physical stubs and providing digital, trackable, and traceable options.
Within the automobile industry, NFTs may provide crucial information such as where a part was sourced from, helping lower costs, information on materials, as well as tracking the use of environmentally friendly products. Additionally, thanks to smart contract capabilities combined with NFTs, you can write in terms & conditions, expiry dates, and other restrictions.
When a non-fungible token is minted, it is tracked on the blockchain. The blockchain allows you to view an NFT’s entire transaction history, including its date, who created it, and its current location, thus enabling collectors to quickly verify an asset’s authenticity. Non-fungible tokens may also help collectors make better buying decisions since they can see the sales history of any non-fungible token.
In addition to the ease of authenticating a non-fungible token, collectors can also trade their collectibles on one of the many available non-fungible token marketplaces, making non-fungible tokens a stress-free and frictionless way to verify and buy and collect an asset, regardless of where they own it or not.
NFTs for Replacing Traditional Loans
NFTs can replace traditional loans, with many benefits including eliminating the physical paperwork an applicant would need to fill out before they even qualify for the loan. Since NFTs have records of activity and purchase history, it allows access to previous transactions without the hassle of a paper trail.
Another benefit to NFT loans is the lower fees due to less manual labor needed to complete the transactions. Some NFT loans include marketplaces that allow you to offer your NFTs as collateral in exchange for a loan. These loans are immediate, decentralized, and automated, all advantages you won’t receive with a traditional loan.
Replacing Physical Coupons
There are coupons for virtually everything nowadays. There are whole apps whose purpose is to organize and file coupons. NFTs can do this in a more convenient and less time-consuming way. They can be kept as coupons inside a single digital wallet, where you can keep and organize all the coupons you’ve collected in an easy-to-view way in one spot. Your wallet or smart contract is able to automatically delete coupons that are expired or invalid. Some NFT Art marketplaces even allow you to buy and sell valid coupons.
Loyalty Points and Rewards
Similar to coupons, a convenient use for NFTs is loyalty points or rewards. Some NFTs can be redeemed for store credit, discounted items, or special offers. This allows customers a way to save on everyday items.
Representing Physical Ownership NFTs can be used to display ownership of physical objects. For example, a house could come with NFTs that represent ownership of that certain floor plan or model. The NFT would be stored on a blockchain and would be transferable to another owner if the house/ plan is sold.
Gain Access to Events
NFTs can also be used as a membership to attend special events and gain access to limited-edition products and services. It permits membership to be effortlessly bought, sold, and traded for any asset on the blockchain. It is much easier to track all your memberships if they are all in one wallet or place.
Memberships can also be used to demonstrate loyalty to particular peer groups, to promote or display a brand, or to establish credibility. Many owners of these types of NFTs display them on their social media or even in their profile pictures.
Virtual accessories are also gaining in popularity. Some big-name brands, including Nike, Gucci, and D&G, have recently entered the NFT space, offering collectors the first opportunity to buy virtual products.
These virtual accessories are sold in the form of NFTs. The holders of these digital assets can use them in a virtual world now widely known as the metaverse. User-operated virtual avatars, accessories, and various events will begin to populate the metaverse. NFT holders can also buy virtual accessories that unlock the actual physical product once it is released, but at limited-edition drops that aren’t available to the public.
Deciding to choose an NFT to buy is simply limited to your interests. NFTs are part of everyday life, so you have many opportunities to find ones that pertain to you. If you ever have extra time on your hands, just go to Google and do some NFT searching, I’m sure you will find something that piques your interest. Hopefully, the NFT diversity helps you to know how to choose which NFT to buy.