The Science Behind NFTs & Utility Types | Ben Plomion (Dibbs) x NFT.NYC 2023
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This document discusses different types of utility for NFTs and analyzes data on the top 200 NFT projects. It finds that the most common utilities are identity/profile pictures, art, content access, merchandise, events, and reward distribution. Many top NFT projects provide multiple types of utility. The majority of projects analyzed provide 2-4 different utility types. Projects with more utility types tend to have higher volumes, suggesting utility increases value.
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The discussion will extend to how AI can be used to transform XML content. In particular, the focus will be on the use of AI XPath extension functions in XSLT, Schematron, Schematron Quick Fixes, or for XML content refactoring.
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How does your privacy program stack up against your peers? What challenges are privacy teams tackling and prioritizing in 2024?
In the fifth annual Global Privacy Benchmarks Survey, we asked over 1,800 global privacy professionals and business executives to share their perspectives on the current state of privacy inside and outside of their organizations. This year’s report focused on emerging areas of importance for privacy and compliance professionals, including considerations and implications of Artificial Intelligence (AI) technologies, building brand trust, and different approaches for achieving higher privacy competence scores.
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- These are slides of the talk given at IEEE International Conference on Software Testing Verification and Validation Workshop, ICSTW 2022.
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- 2. 2 NFTs: Too Much Hype vs Utility? Somewhat Agree 29% Neutral 22% Strongly Agree 22% Somewhat Disagree 12% 15% Strongly Disagree Source: Dibbs interviewed 227 NFT Holders in the US, Europe & Asia-Pacific Ben Plomion @benplomion
- 3. Holding your car title as a NFT? Ben Plomion @benplomion 3
- 5. STRENGTH OF COMMUNITY NFTS THAT PROVIDE DIGITAL BENEFITS NFTS THAT PROVIDE REAL LIFE BENEFITS Members have access to content specifically designed for them (e.g. Substack) Members own a unique piece of art that can be displayed digitally Members have a unique picture that can be used on Twitter, Instagram and more (e.g. Crypto Punks) Members can vote in decentralized autonomous organizations Members use skins and other custom items to enhance their gaming experience Members receive digital rewards, tokens, NFTs and more. Members can redeem their NFT for physical objects of desire (e.g. trading card) Members access exclusive events (e.g. concerts) in real life Members receive exclusive merchandise (e.g. sneakers) Members acquire real-estate using digital deeds 1 2 3 4 5 6 7 8 9 10 Ben Plomion @benplomion 10 Most Common Types of Utility for NFTs 5
- 7. Top 200 NFTs projects & their utility Identity (PFP) Art Content Merch Events Reward Distribution DAO 0,00 2,000,000,00 4,000,000,00 Volume (ETH) Utility Type Q1 2023 Volume ($) $500 M $250 M 26.4% 17.0% 14.2% 12.8% 8.5% 7.4% 4.8% Others 7.5% Ben Plomion @benplomion Source: Dibbs analyzed top 200 NFT project (based on volume) across 10 leading marketplaces and 3 chains (ETH, POLY and SOL) 7
- 8. Count of utility per collection - Q1 2023 Volume (ETH) 6 Types of Utility 5 Types of Utility 4 Types of Utility 3 Types of Utility 1% 2.6% 10.5% 14.7% 2 Types of Utility 1 Types of Utility 46.6% 24.1% Source: Dibbs analyzed top 200 NFT project (based on volume) across 10 leading marketplaces and 3 chains (ETH, POLY and SOL) 8
- 9. 2,632 2/22 5,358 19,495 12/21 30,000 4,906 4/22 8,846 14,052 12/22 45,000 1,425 1/23 2,363 7,290 4/22 14,700 433 2/22 1,000 3,036 3/22 4,253 750 4/22 1,154 # of items Utility types 3,214 2/23 9,999 Owners Established 2,866 9/21 4,675 100 6/21 140 171 3/22 207 1,156 12/21 1,862 5,411 10/21 12,000 3,866 1/22 10,900 2,034 10/22 3,046 1,870 5/22 8,670 15,924 11/21 37,800 # of items Utility types 274 5/22 324 Established Owners Art/PFP Community Merchandise Discounts Events Provenance Gaming NFTs issued by Web2 brands 9
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