What Are Utility NFTs? Unique Tokens Offering Real-World Benefits

By Joseph O’Neill

Utility NFTs are more than just digital collectibles, affording holders privileges, rights and rewards that they wouldn’t otherwise be able to access.

The total trading volume of non-fungible tokens (NFTs) went from $200 million in 2020 to over $12 billion in the first quarter of 2022. For that value to be sustainable, there needs to be more to NFTs than just market hype and FOMO.

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