Every superior Tech Intervention should have its own impact in major industrial sectors and NFT is not an exception here.Let's have a look at the industries impacted by NFT.
2. This magical technology has the super power to lead us beyond imaginations !
Every superior Tech Intervention should have its own impact in major industrial sectors and NFT
is not an exception here.Let's have a look at the industries impacted by NFT
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1. Collectibles
Collectibles are the prominent industrial sectors using NFT. The first ever collectible NFT is Cryptopunks
which was launched in the year 2017 on ethereum which was developed prior to ERC-721 and then
CryptoKitties, has launched and reached a huge volume of 38 million USD.Later than, the tokenization
move towards celebrities and athletes, so that fans can collect their favorite tokens.
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2. Gaming
Gaming Industry is one of the perfect targets for NFTs as this is the booming sector for NFT. In the gaming
industry it is designed in the way to tokenize the things in game such as points, credits,etc, The NFT tokens
in the gaming industry are easily exchangeable. it offers true ownership for the player's digital asset in a
particular game.
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3. Fashion Industry
Blockchain technology has already impacted the Fashion world with benefiting supply chain participants.
The end-users can verify the information regarding the ownership of all the items & accessories which
reduces the risks of frauds. Consumers can scan QR code on the price tags of the purchased apparel &
accessories in the form of NFTs.
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4. Art Industry
One of the most notable use case of non fungible token (NFT) is the programmable art, which is the
combination of creativity and technology.Currently there are only limited editions of artworks in circulation
which allows flexibility in modification and programability.
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5. Virtual Worlds
Some virtual reality places like Decentraland, The Sandbox,and crypto voxels let users own
NFT items. Decentraland provides entire control to the user creations and assets.
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Explore the impact of NFT in lot more industries like sports, Music, Insurance, Domain Names, etc,
Here: Industries Disrupted By NFT