There are many different types of non-fungible tokens (NFTs).
1. Digital Artwork NFT
There are many forms of NFTs, but art is one of the most popular. One way to think of them is as the electronic equivalent of traditional media such as prints and photographs.
The most famous digital work is Beeple’s “Everydays: The first 5000 Days” which was sold for $69 million.
2. Music NFTs
Another form of NFT art is music. By selling their music as NFTs, artists are able to reach their fans directly, which reduces the risk of piracy and middlemen.
Artists such as Deadmau5, Grimes, 3Lau or Kings of Leon have jumped into this trend.
3. Video & GIFs NFTs
These NFTs can be the motion version of paintings and digital drawings but they can also be loop videos or memorable sports moments, among many others.
In February 2021, the 22-seconds clip “LeBron James’s Kobe Bryant tribute dunk” was sold for $387,600.
4. NFT Memes
NFT memes are as funny as regular memes, with the difference that you can mint them, trade them or own them and prove ownership.
The most valuable meme to date is the Doge meme, which sold for a jaw-dropping $4 million.
5. Avatars and Profile Pictures Collections
PFPs (Profile Pictures Collections) often have thousands of unique avatars that vary in rarity according to their traits.
The most famous are Bored Apes, CryptoPunks, Lazy Lions, Hashmasks.
6. Video Game Items
Blockchain games allow players to buy, collect and trade NFTs in multiple forms, such as characters, creatures, virtual weapons, skins and many other accessories.
Axies from Axie Infinity became one of the most popular game NFts in 2021.
7. Trading Cards
These NFTs are the evolution of traditional collectable cards and have dual use: to play in the game and as a collectable.
Metaverses allow users to interact with a virtual ecosystem, where they can buy, sell, trade and own virtual real estate properties.
9. Virtual Fashion
Consider this type of NFT as your digital closet for your virtual life, where you can find anything to wear: sneakers, hoodies, sunglasses, even new skins for your avatar.
10. Domain Names
Traditional domains are the ones that end in .com or .org. For its part, decentralized domain name services let you register a domain name and sell it on NFT marketplaces.
Budweiser paid almost $100,000 for the domain “beer.eth”.
11. Text-based NFTs
From literary works to a single text, anything written can be minted as NFT.
Thank of it as a single copy of a newspaper or a letter from another century.
Twitter CEO Jack Dorsey sold the first tweet ever made for $2.9 million.
12. Ticket & Membership NFTs
These NFTs can serve as entry tickets for events within a certain metaverse or as commemorative tickets for physical events, like concerts or sports matches.
2022 Super Bowl attendees received a commemorative NFT virtual ticket.
13. Real-World Assets
Anything physical can be represented by an NFT. This tokenization of real-world assets introduces flexibility and record-keeping of ownership.
Cars, houses, lands and other properties can be yours with just an NFT certificate.
2021 was the year that NFTs became mainstream, but there is still a long way to go in the development of this technology, with many other types of NFTs still to come.