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Major Industries Disrupted by NFTs

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zaara hary
Major Industries Disrupted by NFTs

Have you ever imagined about getting legal ownership for something that is very special to you ? Even the rare antique toy of your childhood ! This is no more the wild imagination, the rise of NFT token makes it happen ! Not only the real time assets it lets you tokenize & gives you authority for your ever favorite knockouts in WWE (World Wrestling Entertainment). Mind Blowing is n't it ?

Top 15 Industries Disrupted By NFT

1. Collectibles
Collectibles are the prominent industrial sectors using NFT. The first ever collectible NFT is Cryptopunks which was launched in the year 2017 on ethereum which was developed prior to ERC-721 and then CryptoKitties, has launched and reached a huge volume of 38 million USD.Later than, the tokenization move towards celebrities and athletes, so that fans can collect their favorite tokens.

2. Gaming
Gaming Industry is one of the perfect targets for NFTs as this is the booming sector for NFT. In the gaming industry it is designed in the way to tokenize the things in game such as points, credits,etc, The NFT tokens in the gaming industry are easily exchangeable. it offers true ownership for the player's digital asset in a particular game.

3. Fashion Industry
Blockchain technology has already impacted the Fashion world with benefiting supply chain participants. The end-users can verify the information regarding the ownership of all the items & accessories which reduces the risks of frauds. Consumers can scan QR code on the price tags of the purchased apparel & accessories in the form of NFTs.

4. Art Industry
One of the most notable use case of non fungible token (NFT) is the programmable art, which is the combination of creativity and technology.Currently there are only limited editions of artworks in circulation which allows flexibility in modification and programmability

5. Virtual Worlds
Some virtual reality places like Decentraland, The Sandbox,and crypto voxels let users own NFT items. Decentraland provides entire control to the user creations and assets.

For more industries impacted by NFTs -> Refer Industries Distrupted by NFTs?

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