What are the Classic Examples of NFT (Non-fungible token) Tokens?
Before going ahead in deep with NFT examples, check the last article for more details about NFT (Non-fungible token):
What is NFT (Non-fungible token)?
The term NFT is really a new term with an entirely unique scope with provable ownership.
Everything we purchase has emotional value along with the financial value that makes us own them NFT is one of them, though it’s not a new term but has been in the public since when the disposal of digital artwork began at breathtaking prices.
Some of the classic examples of NFT (Non-fungible token) include:
- The first Tweet of Jack Dorsey
Tweeter’s CEO Jack Dorsey sold his very first tweet worth near to $3 million as an NFT. He also stated that the money raised from the sale of NFT would be converted into Bitcoin and then it is to be donated to an NGO as a charity that can be further distributed to the needy people in the form of cash.
- Unstoppable Domains
Unstoppable Domains, a start-up of blockchain that entails direct access to crypto domains from all browsers, and it is the newest feature that was not in use a few years back. So the entire process works in such a manner that immediately after if anyone claims a domain it gets modelled in NFT with all ownership over it.
- Licenses and Certificates
Even with the up-gradation in the area of digitalization we still count physical certificates and licenses as the tool for our skill validation. Blockchain technology helps to develop unwavering and unprovable certificates of any qualifications. So this can be beneficial to any organization to access such certificates and licenses with NFT’s functions. This can be highly adopted while the verification and inspection of any record as well.