What are utility NFTs?

[martinnura]

Utility NFTs are simply tokens that provide additional utility as opposed to collectibility. The benefits could be in the form of privileges, perks, or rewards. NFT games, especially, make use of utility NFTs to a large extent.

Utility NFTs often take the form of in-game assets, weapons, and tools that help the player progress through the levels and win greater rewards. Utility NFTs in the art, music, and fashion worlds could offer access to exclusive events and products.

Utility NFTs, therefore, are NFTs plus way more!

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