3 Use Cases For NFTs

NFTs are already showing us how innovation happens through community, culture, utility, decentralization, digital ownership and blockchain technology. Right now with the negative reports on the industry it can seem hard to block out the cynicism, and although we don't know what will happen in the future, here are 3 NFT use cases that can give us some idea:

Loyalty Cards and Rewards
We're seeing the process of earning rewards through NFTs with staking, and coffee giant Starbucks are jumping on the bandwagon with the launch of their recent NFT community and blockchain-based initiative, Starbucks Odyssey.

Tickets
NFTs are anticipated to have a large impact on the events industry, both online and in real-life. With blockchain technology being so secure, excluding the possibility of counterfeit tickets, and smart contracts being able to cut out third party vendors, NFT event tickets make a lot of sense.

Access Passes
Similar to ticketed events, we're seeing NFTs being used as access passes; projects are token-gating online events for holders, World of Women recently hosted a gala in which their NFT was used as an access pass to purchase tickets, and entrepreneur Gary Vaynerchuk is co-founding Flyfish Club, the first members only private dining club in which membership is purchased on the blockchain.