Top 10 NFT Use Cases Beyond Digital Artworks

0 11
Avatar for magnolius
1 year ago
Photo by Trí Đỗ on Unsplash

There’s no doubt that NFT has been a game-changer for artists, who can now create and sell their work directly to fans. The Top 10 NFT Use Cases Beyond Digital Artworks will cover in this article.

1. Ensuring Authenticity of Products

  • NFTs can be used to verify the authenticity of the product you are buying

  • Due to the blockchain’s ability to retain product information forever, physical products will soon be able to check their rarity and validity as well

  • In order to guarantee fair trade, NFTs can also be used to store data regarding the manufacturing process

  • NFT applications extend beyond consumer goods as well

  • Numerous businesses have already used NFTs successfully for industrial design prototypes

2. Real Estate

  • Real estate and NFTs go hand in hand

  • With the use of timestamped NFTs, land documents can be transferred, ownership can be established, and property value changes can be tracked over time

  • One of the industries that are most NFT-ready is the real estate market

  • While safeguarding sensitive information like credit card numbers, NFTs can be utilized in the real estate industry to streamline and expedite transactions, enabling smart contracts for properties (allowing automatic payments), or even build decentralized house rental services

3. Medical Records and Identity Verification

  • Since NFT transactions are validated on multiple nodes before being added to the blockchain permanently, they can be used to store a person’s medical records without compromising confidentiality or running the risk of outside tampering

  • This ensures that every record is accurate and safe from malicious attempts at manipulation

  • Healthcare providers can provide NFT Birth Certificates to newborns as one example of the NFT applications that have been created expressly to help them

  • The creation of one of these NFTs for every child can be a rapid and efficient way to link their birth certificate to their lifelong identity on the blockchain, which is later validated by NFT verification apps

4. Intellectual Property and Patents

  • NFTs are excellent for safeguarding patents and intellectual property

  • Additionally, NFT tokens enable users to demonstrate their ownership of any piece of content, something that is not achievable with conventional IP rights instruments like trademarks and copyrights

  • With the use of timestamps and the IP’s full history, it is possible to identify the owner of a certain IP

  • The immutability of the NFT chain would allow the owner to always demonstrate that they were the original author of a piece of art

5. Academic Credentials

  • NFTs are a useful tool for displaying academic credentials

  • The information saved on the NFT chain, which cannot be changed or hacked into, will serve as proof of attendance, degree achieved, and other significant information

  • By distributing tokens for each course finished and certifying any degrees achieved using smart contract verification methods, NFTs may build immutable records for the courses taken

  • The practice of issuing paper certificates will become obsolete in the future

  • NFT education tokens can be transferred to other people, providing them with confirmation that the person holding it earned an NFT, and will be used as a record of academic success

6. Supply Chain

  • However, NFTs can be tied to a product via the blockchain, giving it a non-tamper-proof NFT identity

  • This is a prime illustration of how NFTs and the supply chain may function together

  • NFTs can also enable businesses to track their items from production through shipping and delivery

  • Customers can see what they are paying for thanks to this, and the supply chain of a business is kept transparent

7. Gaming Industry

  • The gaming business and NFTs go hand in hand

  • By enabling NFT cross-platform playability, NFTs can be integrated into the game industry

  • Game players are more motivated to continue playing a game if they already own characters or objects within it thanks to NFTs, which provide game producers with another chance to grow their brand and generate another source of income

  • Since NFT objects in games can vary in degree of rarity, NFTs also make trading in games easier, which can also boost the value

  • Due to the absence of an intermediary and the instantaneous nature of blockchain transactions, NFT owners won’t need to worry about scams

8. Ticketing

  • In the very near future, NFTs will take the place of tickets

  • NFT “tickets” that have been given a specific ID might be used in place of parking passes while entering the restricted area to serve as validation

  • The NFT owners just require one token instead of several copies of it, which eliminates difficulties with fraud and reduces paper usage

  • The same idea applies to other modes of transportation, such as bus tokens, where payment verification is done via scanners at several places along the way

9. Artwork Tracking

  • A lot of art was destroyed after World War II, and some were taken by people, organizations, and other entities, while others were replaced by fakes

  • Old masters’ original works of art will soon be able to be tracked via NFTs

  • NFTs can be converted into physical works of art, and vice versa

  • It can assist in determining an item’s authenticity and lessen or eliminate the circulation of fake art

  • This guarantees NFT owners that their item is genuine, particularly if they purchased it from an auction house

10. Voting

  • When heading to the polls to cast their ballots, voters are frequently required to present a photo ID and proof of domicile

  • However, a lot of people are losing their voting rights because they lack copies of their IDs or any other kind of proof of their address or voter registration

  • Consider integrating voting with NFTs

  • NFTs could assist in resolving this issue by giving those without physical paperwork proving their identity and place of residence in the nation a digital identity

  • As NFTs will act as an official record of people who voted and their votes, this will also aid in the elimination of voter fraud and cheating




None of these articles constitutes financial advice. Articles are highly summarised to make it easy for the reader and save your time, so please DYOR further before putting your hard-earned money into any product mentioned.

Please note that the tech industry evolves rapidly and the info in this article is correct at the time of publishing. As Heraclitus said, “Change is the only constant,” so if anything sounds old or off, please holler on the socials or comment here so everyone stays peeled.

Affiliate links may be included in these articles, and signups through these links are highly appreciated. These links support better research and quality writing and help you find the right products with less hassle, so it’s a win-win :) Great care is taken to ensure the links are from authentic, non-spammy sources.

Stay up-to-date on the latest stories by signing up for the newsletter. Please don’t mark these emails as spam, instead, you can easily unsubscribe.

$ 0.00
Avatar for magnolius
1 year ago