The real revolution hidden behind the great success that is exponentially characterizing the NFT industry lies primarily in the real-world applications that this technology offers.
It goes without saying that most will judge NFTs for some time to come as merely an artistic creation with a price tag, evaluating the entire industry with a hint of condescension.
Leaving aside such approaches, we are in the early stages of a major expansion of the NFT universe, and it is important even now to be familiar with all types of NFTs in order to better navigate the various investments.
PFP and Avatar
In the first place we cannot fail to mention PFPs along with the avatar category.
These are basically the only category with which many users believe they summarize the huge and varied field of NFTs.
PFPs belong to an artistic strand that brings together artistic inspiration and a technological creation process.
The artist in fact makes an image, in many indeed very many cases it is also a very large collection of images.
With the help of a computer support that works according to precise code instructions entered by the artist , he makes a series of NFTs that are similar to each other but completely different.
The main feature is to portray a character or animal in a completely new way and with an artistic quality different from anything else seen around.
In fact, many artists have begun to use PFPs as actual profile photos in the first place to mention their membership in the relevant project or community, while others do so simply to showcase new works via their social profiles.
This trend is proving particularly hard-hitting in that, especially when public and famous figures follow it, the NFT used suddenly receives a great deal of completely free publicity, and as a result the artist behind it sees his or her popularity grow.
Works of art
Two artistic strands quickly developed in the NFT world that divided artists.
In the creation of works of art on the one hand, there are artists who create 1/1 works that is, unique and unrepeatable works sold in a single copy.
On the other hand, there are those who make entire collections that contain within them numerous works that will, in some cases, even be sold in multiple copies.
The first route, that of the 1/1 work, would seem to be the most intuitive and economically attractive one.
Many artists, in fact, have seen interesting numbers even just by making 1/1 works, just like the artist Beeple.
Obviously, this modus operandi is aimed at artists who already have a thriving community populated by investors who are also willing to put significant amounts of money on the table because they appreciate the quality of the art produced more than others.
Learning about the crypto art market is therefore a good way to start training one’s artistic taste toward what is defined by many as the highest level in the NFT world, namely 1/1 works.
Generative art
Generative art belongs to all those NFTs that are born from a generative algorithm that based on precise directives coming partly from the artist and partly from artificial intelligence produce works by mixing different art styles and subjects.
Among the many fields, generative art is one that has best absorbed the success of NFTs through creations such as Art Blocks or Autoglyphs.
Generative art is fundamentally very open and borderless, and this characteristic is a good starting point for applications and uses of NFTs everywhere.
Recently, many artists, for example, have been using merchandising in order to launch their work and self-promote.
If 1/1 works are created by the most famous artists, it is possible to say that generative art NFTs have launched many artists who have become big names today. Following these types of NFT collections can prove to be a good step to be up-to-date its new artists who gradually enter this field.
Collectibles
Even outside the NFT market, collectibles have always played an important role in art by always attracting many users among experts and initiates.
The secret about collectible NFTs lies in rarity, which inevitably influences their price and artistic value.
Collectibles represent an area that is easily accessible through NFTs especially if they originate from existing designs or well-known brands.
An example? NBA.
There are many NFTs today that are based on NBA team series and by their nature attract investors who aim not only to acquire the rarest NFT but to crown it with the entire collection of which that NFT is a part.
That is why collectible NFTs account for a large part of overall NFT sales today, many projects focus both on artistic achievement but also on the desire to have the entire collection.
Photography
It is well known that photographic NFTs have made a rapid rise among the most popular classes in this field.
This means that NFTs are slowly showing every possibility of artistic interpretation in the world of photography as well.
In fact, there are many professional photographers who have decided to bring their work into the NFT industry as well.
Julie Pacino and Justin Aversano are just some of the names who have decided to experiment with the technoglogy of NFTs by applying them to their own work.
The idea of these artists is, in fact, to combine the world of photography and that of other artistic disciplines to create ever-new NFTs.
Taking an interest in photographic NFTs can be an interesting starting point for experimenting not only with generative or computerized art but also with photographic art, which in some respects turns out to be more widespread.
NFT music
It is no secret that over time, musicians and creators in this environment have seen their incomes steadily shrink in favor of a few emblazoned labels and record companies with whom it is useless and impossible to compete.
This is why the advent of music NFTs has been a real turning point for this industry in that through NFT technology the artist gets back possession of his or her art, which now, with NFTs, allows him or her to get a good fee.
Musical NFTs, in fact, can be described as a tokenized version of the song or composition made by the artist.
There are many platforms that allow music artists to make money from their music and their community.
In fact, there are not a few platforms that allow members of a community to support their artist by investing in a specific artistic project that the musician wants to start.
Through value sharing, in fact, one becomes part of a real artistic project with the added benefit of helping the musician create ever new content and with ever more powerful means.
Gaming
NFTs have also expanded widely in the video game industry.
It is thanks to play-to-earn (P2E) games that the technology of NFTs has been seamlessly incorporated into all game mechanisms and dynamics.
Indeed, thanks to NFTs, it is possible to get hold of skins, accessories and weapons along with all the items that can be purchased in a game to progress through the various levels provided.
If this mechanism seems like a pattern we have already seen, it is enough to enter the various metaverses, where it is now possible to exchange digital resources such as those just listed in order to gain real economic gain.
We will find out how much further we will go thanks to NFTs, even in the world of games.
Just think of already established realities such as Decentraland, Axie Infinity and Gods Unchained.
NFT with utility
In this list of the most important NFT classes, NFTs dedicated to so-called utilities could not be missing.
We are talking here about NFTs that do not have an artistic or playful purpose like those previously listed.
In order to better identify NFTs with utilities, it is necessary to remember that while two units of a cryptocurrency are interchangeable in that they are equal to each other, tokens retain a uniqueness that relates to the intrinsic characteristics of the token itself, making them unique.
These uniquenesses are often associated with practical applications that the token enables.
The utilities that are given to NFT holders are chosen by the project founders. These can be different in nature from each other and can be given according to the different rarity characteristics of the NFTs in their collection.
Conclusions
After this overview of the various types of NFT, one realizes how much this technology is becoming part of the lives of many users regardless of their occupation or skills.
This is why knowing the various types of applications in NFT can be a competitive advantage.
As mentioned above, the applications of NFTs to date do not seem to have run out of imagination.
Today, in addition to the world of art and music, other sectors have opened their doors to these tools, which from theirs essentially bring three advantages: transparency, security and greater economic growth.
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