example nft | BTCC Knowledge

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What is a utility nft?

Some NFTs are being used to link digital tokens to real-world rewards and experiences, aka Utility NFTs. There are NFTs that fall into one of the prior categories and also add utility, adding value like membership to a club, access to IRL experiences or attachment to physical goods.

Can you sell an NFT?

Only you can sell or swap them. You rent an asset from some organization and it can be taken away from you. NFTs are digitally unique, no two NFTs are the same. A copy of an entity often cannot be distinguished from the original. Ownership of an NFT is stored on the blockchain for anyone to verify.

Where can I find more information on NFT projects?

You can get more up-to-date info on the NFT projects that are currently dominating the market using an NFT market tracker. Between working with the NFT industry and spending hours and hours researching NFTs, it's clear to us that the potential of NFTs is near-limitless.

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