The emotional component is something that usually leads people to buy NFTs of their favorite artists and celebrities. But most often, people buy an NFT because of the prestige that comes with owning one. They’re a sort of flex, like owning a Porsche or a Rolex. And who wouldn’t want a status symbol?! That being said, NFTs also come with an element of exclusivity. For instance, an A-list celebrity could win an NFT from the same collection as you. You could also be invited to certain events that have stars attending! Which brings us to the utility of NFTs. Recently, the largest NFT marketplaces have been keen on offering utility to the buyers which drives up the value of an asset.

NFTs are becoming more and more popular by the day with a variety of use cases. One up-and-coming application is in the education sector. With the popularity of NFTs in the gaming industry giving rise to NFT gaming marketplaces, NFTs can be used in education, too, to make learning more fun and gamified. And of course, the security of the blockchain allows for storing of student records as well as patents, licenses, and credentials. These can also be verified at any time by an employer and cannot be changed. This would greatly reduce the number of fraudulent degrees, making the education system so much more transparent.

Known for its emphasis on cutting-edge tech, India is all set to be a pioneer of the Metaverse. The country is quick to adopt digital infrastructure that may be the key to the future. Whether it is UPI payment or NFT gaming marketplaces, this tech hub has everything it needs to be the harbinger of the Metaverse. With a developing economy, too, Web3’s focus on monetization may be a huge boon to the citizens. Thus it is safe to say that India is definitely in the Metaverse race to win!

Musicians list their NFTs in the best NFT marketplaces to increase their reach and also provide some sort of exclusive utility to the user or their fanbase. This not only helps them get more people to come and view the music but at the same time has a unique touch when compared to others.

To be exact the social media platforms like twitter take reference from the best NFT marketplace and display NFTs but do not allow any form of transaction as of now. The reason being that they are right now in the middle of testing and while now they aren't able to do transactions, in the future there is a good chance. Apart from that social media can play a vital role in increasing reach and also engagements as well.

By enabling the creation of distinctive and authenticated digital clothing products, NFTs play a vital role in the garment business. Designers may now sell virtual apparel items, creating a new source of income and expanding their options for creativity and self-expression. Purchasing these NFTs are even more easier given that every kind of NFT marketplace has a few of them listed out.

Documents are used as NFTs basically to ensure safety and security. While this is a unique way to look at NFTs it is also quite a reasonable way to use them. These NFTs can be listed on several NFT marketplaces and at the same time take on the role of a phygital NFT too. With that being said using NFTs as documents will provide a faster and more flexible way of buying and selling physical assets too. How? By simply taking the phygital route!