A utility NFT can be where someone receives a physical piece of art that matches the NFT they purchased it could be unique access to an event, exclusive in-person memberships, or future use in the digital world (think within a game). What is a utility NFT?Īn NFT assigns a use to the digital asset outside of owning a piece of artwork. Not all these assets will be appreciated, especially as the NFT universe is ever-expanding and immense. Still, these cases are much slimmer than the media portray.Īt the time of writing, there are over 23 million assets for sale on the world's largest NFT marketplace, OpenSea. Yes, specific projects carry no utility and have increased value for the holders. Our team strongly suggests finding projects with utility because they carry real-world and quantifiable value. NFTs with a utility are the future of the NFT space.
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