NFTs, or non-fungible tokens, have been around for a few years now, but in the past year of 2021, this exciting concept has grown from cryptocurrency enthusiast roundtables to the general public. In 2022, NFTs are attracting not only creators and artists who see blockchain-based technology as an innovative way to monetize their work but also traders and investors who want to grow their crypto portfolios.
Seasoned crypto investors know that not all NFT collectibles have real value; some NFTs go with real perks while others are just more about hype. So today, let’s find out what NFTs are with perks, which NFT collectibles are better than others, and why.
NFT stands for a non-fungible token. It is a unique and valuable digital asset that represents ownership of real-world items, including digital artwork, video clips, in-game items, digital collectibles, music, real estate, and so much more. Non-fungible tokens use the blockchain technology that powers cryptos; however, they can’t be called digital currency.
NFTs are interchangeable, meaning each token has unique properties and is not worth the same amount of other tokens. On the contrary, fungible items can be easily exchanged with one another as their value has nothing to do with their uniqueness. For example, you can exchange 1 Bitcoin (BTC) for another 1 Bitcoin, and you will still have this amount of BTC.
To thrive beyond the hype, non-fungible tokens (NFTs) should have real utility. However, not all NFTs have real value or, in other words, come with perks. Lots of them are still unique, but, anyway, they are just about hype and buzz and nothing more.
NFTs with real perks are non-fungible tokens with use cases beyond just being one-of-a-kind digital assets. They also grant their owners different privileges, rights, and rewards that they would not otherwise be able to access.
The easiest way to understand the difference between just an NFT and an NFT with perks is to see an example. Imagine you’re hosting an event with only 100 spaces available. It means you have 100 tickets. Each ticket is unique and non-fungible. However, all the tickets confer the same rights and utility.
But if these tickets feature different types of utility NFTs, for example, different types of seats, or the opportunity to get an autograph from the speaker, it means they have real perks.
There are many different ways to add utility to non-fungible tokens. Actually, it is less about the technology and more about the application of that technology.
Here are some of the most valuable NFT collectibles that come with real perks. Check them out!
Starbucks, the world-famous American multinational chain of coffeehouses and roastery, is also getting ready to delve into the world of NFTs with their first NFT collection, membership, and community. The company promises we all will be able to pick up unique NFTs along with a coffee order at Starbucks very soon. Starbucks plans to start offering special digital collectibles that will serve as a gateway to Starbucks’ global community. Non-fungible tokens are going to become part of the company’s plan to expand the so-called third place concept, meaning a place outside of home and office where everyone will feel in.
The Bored Ape Yacht Club is a collection of about 10000 unique Bored Ape non-fungible tokens (NFTs). These digital collectibles “live” on the Ethereum blockchain. Each Bored Ape is one-of-a-kind and programmatically generated from 170+ possible traits, including expressions, headwears, fashion items, and more. All apes are valuable; however, some of them are rarer than others and come with more perks. When a user buys a Bored Ape, they are not only purchasing an avatar. Users automatically gain membership access to a club whose benefits and offerings will increase over time. Each Bored Ape can serve as a digital identity and literally open up digital doors for its members.
Zed Run, a provably fair digital horse racing game built on blockchain technology, has partnered with Budweiser to release a new NFT collection themed around the beer brand’s Clydesdales. The NFT, known as Budweiser Pass, gives its purchasers not only a valuable piece of art but also access to some Budweiser-themed merchandise, including the exciting opportunity to digitally race a Budweiser Clydesdale.
Crypto Baristas is a coffee-themed project based on NFT baristas that fund real-life coffee initiatives like cafes and farm gate pricing. This exciting project uses NFTs (non-fungible tokens) to create a unique experience for coffee lovers and support coffee initiatives at their origin. They truly inspire change in the real-life coffee world. Crypto Baristas allows users to buy one of 60 caffeine-loving hand-drawn NFT characters, resulting in the opening the very first NFT-funded café space in New York, USA. Each NFT comes with caffeinated perks that can be used at this cafe.
First Ape Wives Club is more than just a community or a movement. It became an outstanding way of life. This exceptional project is committed to supporting artists and creators of all kinds who pursue their passions boldly and unapologetically. Its mission is to resh-APE the Metaverse to be an inclusive space with representation for all. The team behind First Ape Wives Club has years of experience working in publicity, entertainment, and travel, and they’re excited to make everyone part of the club. As travel is essential to the club’s extraordinary lifestyle, their valuable and unique NFTs are loaded with perks that will make users’ next adventure unforgettable. It includes food and beverage credits at favorite hotels or early-check in and late-check to enjoy their vacation to its fullest.
All NFTs are valuable because they verify the authenticity of a non-fungible asset, making these digital assets unique and one-of-a-kind. However, some NFTs come with real perks, including exclusive club memberships, the opportunity to purchase real products, access to VIP events, and many more. Even though real perks seem to be something even more exciting, everything depends on your particular investment goals. That’s why not all NFT-based projects are focused on adding additional values to their unique pieces of art. After all, one of the high-minded reasons to buy NFTs is to support artists, especially those who are not famous or rich yet.
The skyrocketing NFT market offers myriad money-making opportunities for creators, artists, NFT enthusiasts, and prospective investors. Every week or even every day, more and more unique and exciting NFT-based projects appear on the market. And some of them can offer more than just owning a digital image. They offer real perks, making their owners legitimate community members, and providing them with many other exciting opportunities.
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Disclaimer. This material should not be construed as a basis for making investment decisions or as a recommendation to participate in investment transactions. Trading digital assets may involve significant risks and can result in the loss of invested capital. Therefore, you must ensure that you fully understand the risk involved, consider your level of experience, investment objectives, and seek independent financial advice if necessary.