NFTs in Real World

NFTs representing real-world assets:

This is where NFTs are used to represent ownership of something physical, like:

• Fractionalized real estate: NFTs can represent ownership of a portion of a property, making it more accessible to smaller investors.
• Luxury goods: NFTs can be used to authenticate and track ownership of high-end items like watches, cars, or artwork.
• Physical collectibles: NFTs can represent ownership of physical items like trading cards, tickets, or memorabilia.

NFTs with real-world utility:
These NFTs go beyond just representing ownership and offer additional benefits, such as:

• Event tickets: NFTs can be used for event tickets, offering benefits like exclusive access or merchandise discounts.
• Loyalty programs: NFTs can be used in loyalty programs, offering exclusive rewards or experiences.
• Gaming: NFTs can be used in games to represent in-game items or characters, with ownership on the blockchain.

Real-world applications of NFT technology
This refers to using the underlying technology of NFTs (blockchain) in real-world contexts, such as:

• Supply chain management: NFTs can track the provenance of goods, ensuring authenticity and sustainability.
• Identity management: NFTs can be used to securely store and manage personal information.
• Voting systems: NFTs can be used to create secure and transparent voting systems.