Title: "Top 10 Popular and High-Value NFT Types"
The explosion and increasing popularity of NFTs are undeniable. Non-fungible tokens (NFTs) are expected to drive rapid growth in the cryptocurrency market. NFTs have diverse real-world applications, extending beyond digital art.
With the NFT market's growth since 2021, there's immense enthusiasm to explore this domain.
Source: nft.footprint.network
Here are 10 types of NFTs that are set to become popular in the future, offering practical applications that add value to NFT owners.
- Collectible Items/Trading Cards
Collectibles sold for thousands of dollars are not new, and NFTs have embraced this trend with digital trading cards or collectibles.The first instance of NFTs as collectibles began with the appearance of Cryptokitties, unique digital kittens that gained popularity among collectors in 2017. It marked the inception of NFTs.The NFT market is flooded with various trading cards and collectibles listed by companies as long as they are deemed collectible.
- Artwork
Artwork represents a unique fusion of technology and creativity.Most NFTs in circulation today are artworks, driven by artists quickly embracing and understanding NFTs.Current digital art forms include digital pictures, GIFs, and short videos sold online like physical products.
- Event Tickets
NFTs can also serve as event tickets, ensuring verification of tickets and attendees' identities. Popular event organizers like concerts and music festivals can mint a limited number of tickets on selected blockchains (e.g., Polygon, Ethereum, Binance Chain).These tickets can be purchased through auction listings and stored on mobile devices via specialized NFT wallets (Metamask, Coin98 wallet, etc.) for easy access.
- Music and Media
Media files and music linked with NFTs confirm true ownership granted to an individual.Encoded music tracks benefit artists in unique ways, from direct access to new audiences and loyal followers to providing premium listening experiences.NFTs allow musicians to retain nearly 100% of their income without concerns over record labels and platform cuts, which explains artists' enthusiastic adoption.
- Gaming
Gaming companies have shown profound interest in and extensive use of NFTs.NFTs are used as in-game items, promoting economic development within games through immutable ownership rights over game items.Common NFT types in gaming include characters, lands, and skins.The GameFi market, which attracted over $7.2 billion in 2022, promises a surge that could reshape the gaming industry, garnering positive reception for in-game NFTs.
- Big Sports Moments
NFTs are used to capture memorable sports moments as short video clips.Unlike other NFT types mentioned earlier, their historical significance is invaluable. Some NFTs can highlight sports moments from penalty kicks to players' comebacks.
- Virtual Fashion
Why should fashion be any different from anything else bought and sold in the NFT market? It's about personal preference when spending money on something beautiful and unique that cannot be worn, but can be used to style avatars instead of buying NFT avatars.NFTs tailored for individuals with fashion tastes who wish to express their personalities through avatars on social media. Each NFT is limited and unique.
- Real-World AssetsThere is speculation about NFTs being used as real-world tokens in the future. Advances in NFTs are working towards achieving this, with the potential to make it a reality.Proof of ownership through NFTs can reflect assets in the real world. Many NFT projects focus on tokenizing luxury items and real estate. You have more options when buying a house or a car with NFTs.
- Memes
Selling memes as NFTs is a significant achievement in recent years.Memes have been integrated with NFTs, widely used by internet users and part of today's culture. The preparation of meme creators is to develop an extended ecosystem evidenced by selling memes as NFTs.
- Domain Names
The NFT market has enabled users to register and sell domain names. You can pay a third-party company to manage your domain name by purchasing a domain name on the NFT market.Owning exclusive domain names as NFTs means you don't need intermediaries.Ethereum Name Service (ENS) and Unstoppable Domains provide domain NFTs through Decentralized Domain Name Services.
Which NFT types will become popular in the future?
Each type of NFT serves roles, caters to needs, and serves a large number of individual customers.
Predictions suggest that the GameFi industry will grow strongly, driving demands for NFTs in gaming.
However, apart from gaming, demand for Collectible Items, Domain Names, Tickets, Music, Memes, etc., is also substantial. The NFT market's future popularity is eagerly anticipated by collectors and creators alike.
NFTs are still relatively new to most people, with their applications being increasingly explored and applied in work and life.
Owning a certain NFT can sometimes reflect many issues of the owner, it can be used for business purposes or to convey an effective message, there are many ways to use NFTs based on the owner's wishes to show to people around the world online.
Today's popular NFT marketplaces where people trade NFTs daily: OpenSea, Rarible, SuperRare, Binance NFT, Magic Eden, etc.