What Is Utility NFT?

Utility NFTs are a type of digital asset that is not for aesthetic purposes only. These NFTs offer a range of real-world benefits and services to their owners. In this case, the NFT creators provide extraordinary advantages such as access to exceptional facilities, memberships, selling and buying digital or physical goods, participating in real-life events, etc. This asset category adds more value to the NFT itself and its marketplace, too, not only for its uniqueness and scarcity, which is a standard specification claim in all NFTs out there, but for their direct applications in various industries.

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