The Growing Number of NFT Use Cases

NFTs are a blockchain innovation sure to revolutionize digital ownership rights. And the role of the NFTs in the digital world of the future keeps increasing. Started as artworks, today NFTs are much more than that. The number of use cases of this asset is growing every day.

Here are just a couple of them:

Authenticity of Products

Since the blockchain permanently stores all the data about the transactions ever made, NFTs can be used to guarantee the authenticity and rarity of some particular item. They can store any information about the product, including the manufacturing process, selling, and marketing ensuring that everything is fair trade.

Real Estate

The real estate industry is one of the most NFT-ready sectors. Here, NFTs can become a great solution for simplifying and speeding up transactions, enabling the creation of automatic smart contracts for properties, or even creating decentralized home rental services.

Medical Records

The ability of NFT ledgers to store information without any risks of compromising confidentiality can be of a great use to store individual’s medical records. The main advantage of such system is that NFT ledgers provide safer methods of storing sensitive medical data while still allowing authorized healthcare providers access when required.

Gaming Industry

NFTs can easily be integrated into the gaming world creating more incentives for the users to keep the game and allowing the developers to expand their brand. This is the use case that is already being used fully by various blockchain games.