NFTs Beyond Art

NFTs (Non-Fungible Tokens) prove ownership of unique digital items. While art gets attention, the technology has broader applications.

What Makes NFTs Different?

Fungible: One Bitcoin = any other Bitcoin

Non-Fungible: Each NFT is unique, not interchangeable

Beyond Profile Pictures

Gaming

- In-game items you truly own

- Trade between players

- Use across multiple games

Music & Media

- Direct artist-to-fan sales

- Royalties on secondary sales

- Exclusive content access

Tickets & Access

- Event tickets that can't be counterfeited

- Community membership passes

- Gated content access

Real World Assets

- Property deeds

- Luxury goods authentication

- Supply chain tracking

Identity

- Credentials and certifications

- Reputation systems

- Domain names (ENS)

Technical Standards

ERC-721: Basic NFT standard

ERC-1155: Multiple token types in one contract

Metadata: Off-chain data (images, attributes)

Considerations

- Most NFT images are stored off-chain

- Metadata can be on IPFS or centralized servers

- 'Ownership' doesn't always mean copyright

- Market is highly speculative

Evaluating NFT Projects

- Team reputation

- Utility beyond speculation

- Community strength

- Technical implementation