1.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 programmability.The presence of smart contracts & oracles can enable artist to develop images responding for all pricing of blockchain based assets.With Blockchain & IoT, people can collect the entire history of the artwork including ownerships and previous prices & more.
2. 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.
3. Real-world assets and documentation
It is entirely possible to tokenize the real-time assets like land, license, certificates,etc,
4. Sports
Sport NFT is getting popular nowadays as there are many tokens for popular athletes running successful in the industry.
5.Domain Names
The use case of NFT is shift towards Domain Names one can get NFT for the desired domain name
6.Digi-Physical Goods
Companies like Metafactory and Headspace sells customizable hoodies along with NFT.Crypto Kaiju provides toys form NFT
7.Virtual Scenes
Metazone is a kind of project that lets the users of Decentraland to buy games, buildings, etc
8.Insurance
In the Insurance sector, A person can convert their own insurance package as NFT and sell it as the insurance broker.
9. Virtual Vehicles
Virtual Vehicles like car, planes can be converted as NFTs.some companies like CryptoMotors, F1 Delta Time & Battle Racers are using this place.
10. Music
As like the Art Industry, NFT places a prominent role in the Music sector. Very recently, Justin Blau album gained 11 million USD by selling NFTs to the fans.
As Non-Fungible Tokens hold an ever replaceable place in the crypto market, the NFT Marketplace will tend to grow more and more. Thus NFT Marketplace Development will be the best business solution for all crypto business people. To launch your own NFT Marketplace like OpenSea, contact the best NFT Marketplace Development firm like Bitdeal, who can furnish you with A to Z NFT Marketplace Development Services.