🌆NFT Types

Artworks

As already stated, this is the most popular category of NFTs out there. These are mainly digital artworks that come with a public certificate of authenticity and ownership issued by the digital ledger on which they are stored. On mogul

Collectibles

Collectibles are the first type of NFTs to be ever launched. They are the same as physical collectibles, like Pokemon cards or vintage mint condition toys but in digital form. They are a collector's delight and Bored Ape Yacht Club has turned out to be the most valuable digital collectibles out there.

Music

This is one of the newest phenomena in NFT mania. Artists pre-release their albums on NFT marketplaces before releasing them on traditional streaming platforms and buyers can buy a part of the album, like say a share in it, and then when the album is released via traditional channels, the buyers get to have a share in the profits of the album.

Ticketing

The onset of NFTs has introduced various innovations in the way day-to-day transactions take place and ticketing has not been left behind. Tickets for events can be minted now on blockchain platforms and then can be auctioned off by the organisers. NFT tickets can also be sold at a fixed price. This would significantly reduce forgeries and add a sense of memorabilia because these tickets can also be stored and resold as collectibles.

Real-World Assets

NFTs are increasingly being used to represent ownership of real-world assets, providing a secure, transparent, and decentralized method of verifying and transferring property rights. These assets can range from real estate to luxury goods, and even fine art. By tokenizing real-world assets into NFTs, owners gain the ability to trade or sell fractional shares of high-value assets, allowing for broader participation in traditionally exclusive markets.