NFTs are commonly-known as over-priced digital assets that are only suitable for people who have experience well enough in the cryptocurrency market. While a minority of people can pay thousands of dollars for an image that can only store technologically, there are still groups of criticism that do not understand the NFT as an emerging phenomenon. However, NFTs are only appreciated for their “intrinsic value” (which is hardly seen by people with less money) is no longer true. Up to date, thanks to industry giants, NFTs are created with different appearances that carry diverse usage, ranging from fashion, music, and sports to humanity enhancement - charity. Let’s find out on <a href="https://www.builder.news/" alt="Builder.news" title="Builder.news" target="_blank" rel="" class="">Builder.news</a> how NFTs are used in real life, other than just scarce digital images.<img src="https://cdn.builder.news/news/11ed439d202eaa4ba8e6023f659fee92.jpg" alt="NFTs have more usage" title="NFTs have more usage" width="600" height="334" class="lykafe0"><h2>NFTs - Not a new term anymore</h2>In essence, rare properties are more likely sought by the wealth. It answers the question of why auctions are usually making more value to certain types of assets than reality. NFTs work precisely the same, the rarer NFTs are, the more money they will cost to own. NFTs are created in a collection of hundreds or thousands of versions of the same character but have distinct attributes as long as each image produced is totally different from the others. The rarity level of NFTs might range from the rarity of attributes, then the price will increase or decrease accordingly. <a href="https://www.builder.news/crypto-insights/legendary-nft-collection-bored-ape-yacht-club" alt="Bored Ape Yacht Club NFT" title="Bored Ape Yacht Club - The legendary NFT collection of all time " target="_blank" rel="" class="">Bored Apes Yacht Club</a>, one of the most popular NFT collections anyone might have heard, is a noticeable example of millions of dollar images whose main character is an ape. The current floor price of a BAYC NFT is a result of increasing reputation from NFTs and the profit born afterward. The NFT global sale volume recorded on January 2020 compared with January 2022 proves the fact that NFTs are positioning themselves in the cryptocurrency market as well as integrating into the overall market situation. Based on reports on Cryptoslam.io, the NFT global sale volume in the first month of 2022 was $4,779,193,765.84, which was 4 thousand times the number recorded in the same period in the previous 2 years ($1,144,628.63). It proves that the NFTs not only provide overwhelming value over an image but also change the skeptical mindsets of people who do not accept the intrinsic value of NFTs.<img src="https://cdn.builder.news/news/11ed439d202eb013a8e6023f659fee92.jpg" alt="NFT global sales volume" title="NFT global sales volume" width="600" height="245" class="lykafe1"> Crytoslam.io also illustrates the number of unique NFT buyers over time. The statistics show great interest raised within 2 years of comparison. In early 2022, the number of interested buyers amounted to more than 1 million marking a 50-fold increase from 2020 thanks to the early participation of celebrities far and wide.<img src="https://cdn.builder.news/news/11ed439d202eb354a8e6023f659fee92.jpg" alt="Unique NFT buyers" title="Unique NFT buyers" width="600" height="63" class="lykafe2"> On OpenSea, one of the <a href="https://www.builder.news/crypto-insights/top-nft-marketplaces-to-find-and-sell-your-assets-5jMoh" alt="top nft marketplaces" title="Top NFT marketplaces to find and sell your assets" target="_blank" rel="" class="">top-notch marketplaces to buy and sell NFTs</a>, the number of users, volume, and transactions also experienced an excessive increase over time. Based on DappRadar’s statistics, the number of transactions on the marketplace reached a peak at nearly 130k just in January 2022. Along with <a href="https://www.builder.news/crypto-insights/how-to-use-opensea" alt="opensea marketplace" title="An ultimate guide on how to use OpenSea NFT marketplace" target="_blank" rel="" class="">OpenSea</a>, there are multiple NFT marketplaces were born and to be incubated. The most noticeable marketplace that turned out to be the biggest OpenSea rival, <a href="https://www.builder.news/crypto-insights/magic-eden-more-than-just-an-nft-marketplace" alt="Magic Eden marketplace" title="Magic Eden - More than just an NFT marketplace" target="_blank" rel="" class="">Magic Eden</a>, also received great attention and participation from the market and NFT lovers even though the market continuously experiences ups and downs. Up to now, the marketplace is considered to have debuted with great success and performance and users continue to utilize the platform despite going through security headaches with Solana.<img src="https://cdn.builder.news/news/11ed439d202eb75fa8e6023f659fee92.jpg" alt="Dappradar OpenSea historical activity" title="Dappradar OpenSea historical activity" width="600" height="340" class="lykafe3"> <h2>NFTs - With more usage than just a collectible</h2>Popular NFT collections are mostly assets in collectibles. It means should owners have one of these NFTs, they will be proof of ownership or authenticity of an asset as the most significant <a href="https://www.builder.news/crypto-insights/decode-the-intrinsic-values-of-nfts-UNJLg" alt="NFT intrinsic value" title="Decode the intrinsic values of NFTs" target="_blank" rel="" class="">NFT's intrinsic value</a>. These NFTs barely have more than one utility as already mentioned. However, with the booming popularity of NFTs recently, these digital assets are "putting on" more usage than ever. One of the most popular usage of NFTs in real life is becoming digital tickets for events. Besides, NFTs are also used for fundraisers, merchandise, and exclusivity providers.<h3>NFTs as event tickets</h3>Brands can benefit by creating collectible items for fans, particularly a ticket in a form of NFT. Brands and customers gain protection against the sale of counterfeit goods by using NFT and blockchain technology for tickets. This is the case with the NFL team, which chose to create collectible NFTs out of tickets to its greatest yearly event, the Super Bowl. In the world of entertainment, the AMC theater company gave away 86,000 NFTs to moviegoers who purchased tickets to see Spider-Man: No Way Home.<img src="https://cdn.builder.news/news/11ed439d202ebadaa8e6023f659fee92.jpg" alt="Spiderman: No way home" title="Spiderman: No way home" width="600" height="334" class="lykafe4"><h3>NFTs as digital merchandise</h3>At the Fashion Week held by <a href="https://www.builder.news/crypto-insights/decentraland-metaverse" alt="Decentraland" title="Decentraland: A real creativity in the virtual world" target="_blank" rel="" class="">Decentraland</a> in March 2022, fashion giants including Paco Rabanne, Dolce &amp; Gabbana, Tommy Hilfiger, and Forever 21 have taken part in NFTs and successfully made their own way to utilize NFTs as digital merchandise. It was an occasion to encourage fan interaction and set new standards for fashion displays and public relations strategies. The event not only offered the chance to take part in a fashion show, but it also offered NFTs of apparel and accessories made by the firms featured in the events.Most recently, the 2022 edition of New York Fashion Week is also going to implement Web 3.0 and NFTs in their program as a way to prove NFTs’ deep integration into real life.<h3>NFTs as exclusivity</h3>NFTs have been employed by several businesses as a means of offering distinctive experiences to their clients. In this instance, the Robert Mondavi winery in California made the decision to introduce the first wine label ever marketed by NFT globally. Only 1996 bottles may be tracked using blockchain technology and are collectible. Each NFT of wine costs $3,500 at retail and comes with a key to redeem a bottle. That would represent potential earnings of $6.9 million.<img src="https://cdn.builder.news/news/11ed439d202ebdd7a8e6023f659fee92.jpg" alt="Wine nft" title="Wine nft" width="600" height="728" class="lykafe5">Source:&nbsp;Robert Mondavi NFT&gt;&gt;&gt; Related:&nbsp;<a href="https://www.builder.news/crypto-insights/utility-nfts" alt="Utility NFTs: The next level of NFTs" title="Utility NFTs: The next level of NFTs" target="_blank" rel="" class="">Utility NFTs: The next level of NFTs</a><h3>NFTs as a fundraiser</h3>When NFTs saw a significant bull run in 2021, many people recognized a chance to gain more for sustainable society development rather than just line their own wallets. Since then, NFTs have become one of the most effective methods to generate money for good reasons, in other words, fundraising.One of the most critical humanitarian catastrophes we have witnessed in recent days is being caused by the continuous confrontations between Russia and Ukraine. Numerous Ukrainian residents, as well as the government, have resorted to NFTs in an effort to quickly acquire much-needed cash as a result. As indicated by the establishment of UkraineDAO during these tough times, many other people and organizations from all over the world have also done the same to help Ukraine. Even some Russian musicians have contributed to protest-related fundraising initiatives. These initiatives have together raised hundreds of thousands of dollars since the start of hostilities between Russia and Ukraine in late February 2022. And in June 2022, to help fund the war effort, CryptoPunk #5364, which was given to Ukraine in early March 2022, was sold for $100,000.<img src="https://cdn.builder.news/news/11ed439d202ec0e9a8e6023f659fee92.jpg" alt="WWF Non-Fungible Animals" title="WWF Non-Fungible Animals" width="600" height="212" class="lykafe6">&gt;&gt;&gt; Read more:&nbsp;<a href="https://www.builder.news/crypto-insights/nfts-are-not-only-for-profits" alt="NFTs are not only for profits, they are more!" title="NFTs are not only for profits, they are more!" target="_blank" rel="" class="">NFTs are not only for profits, they are more!</a> Nonprofits are given new chances to fundraise via NFTs. The sale of 1,000 NFTs was established by UNICEF to raise money for the promotion of Internet access for kids in schools around the globe. Hope for Haiti and FXG announced the beginning of NFTs to collect money for Haiti earthquake victims.Not only are humans in difficulty and poverty, but animals are also fundraised from NFTs. In April 2022, the World Wildlife Fund and its Non-Fungible Animals initiative were able to generate a considerable sum of money - close to $300,000. This prompted other animal protection organizations to attempt and learn from the WWF's error of not putting their initiative on an accredited blockchain for environmental sustainability.<h2>Last words</h2>Along with financial rewards, organizations (both for and non-profits) have been able to build strong relationships with their targeted audience through unique experiences, community building, and easier access to younger audiences that are more tech-savvy. Breaking down barriers between the real and digital worlds has allowed businesses to join areas they could never have imagined before, including the gaming and entertainment industry, and even get the awareness of social impact initiatives.<div class="pr-block-special">Disclaimer: This article is intended for and only to be used for reference purposes only. No such information provided constitutes advice or a recommendation that any investment or trading strategy is suitable for any specific name.</div>

NFTs are used in multiple ways. Check out how NFTs puts on more usage now!

NFTs putting on more usage