What are the most popular use cases for on-chain NFTs in the world of cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  Certainly! One popular use case for on-chain NFTs is in the world of digital art. Artists can create unique digital artworks and tokenize them as NFTs, allowing for proven ownership and authenticity. This has revolutionized the art industry by enabling artists to sell their work directly to collectors without the need for intermediaries. Additionally, on-chain NFTs can be used in gaming, where players can own and trade unique in-game items or characters. This adds value and rarity to the gaming experience, as players can truly own and monetize their virtual assets.
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• Dec 26, 2021 · 3 years ago
  Another popular use case for on-chain NFTs is in the world of collectibles. Collectible NFTs can represent physical assets such as trading cards, rare stamps, or even real estate. By tokenizing these assets on the blockchain, collectors can easily prove ownership and transfer ownership without the need for physical delivery. This opens up new possibilities for fractional ownership and global trading of collectibles. Additionally, on-chain NFTs can be used for ticketing and event management, ensuring secure and verifiable ticket ownership, preventing fraud, and enabling secondary market trading.
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• Dec 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, has also recognized the potential of on-chain NFTs. They have integrated NFT trading on their platform, allowing users to buy, sell, and trade unique digital assets. This provides users with a seamless and secure way to participate in the growing NFT market. Additionally, BYDFi has partnered with various artists and creators to launch exclusive NFT collections, creating new opportunities for artists and collectors to connect and engage with each other.
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