NFTs are much more than shitty pixelated jpegs - 3 Better use cases for NFTs than art -what is your favorite use case for NFTs?

There is a lot of focus in the crypto space on NFTs as art. Only a small percentage of the general public is aware that NFTs can be used for purposes other than proving ownership of a gif or image. It is expected that in the near future, NFTs would be used to solve common difficulties in industry.

The following are my own top three NFT applications:
1. Unique Experiences

Some industries are using NFTs to tokenize historic moments. I recently came across a project called Technorats that captures nocturnal explorations through a macbook keyboard that isn’t controlled by a human. Real animals run the algorithm while taking selfies, which is mind blowing. I think this is the most unique project that I have come across.

2. Event Ticketing

Using unique, unforgeable NFTs to represent tickets for specific sports and entertainment events helps to prevent scalping and scamming. Smart contracts can be used to make tickets non-transferable to prevent scalpers from purchasing sought-after tickets in bulk and then reselling them at inflated prices and prevent scammers from trying to sell counterfeit tickets.

On a podcast in March, Mark Cuban, billionaire investor and owner of the Dallas Mavericks, expressed a great deal of interest in NFT technology. “We’re trying to find a good option for turning our tickets into NFTs. We want to be able to find ways so that not only can our consumers, our fans, buy tickets and resell them, but we continue to make a royalty on them.

3. The Music and Video Industry

In much the same way NFTs have helped artists discover new ways to create their works and reach new markets, the tokens are also transforming how musicians create and share their music and videos.

The properties of NFTs—uniqueness, verifiability, transferability—offer musicians greater independence from labels and other gatekeepers of their industry, better enabling them to self-distribute their work and cultivate direct relationships with fans. Musicians can sell tracks as NFTs on marketplaces such as OpenSea, auction previously unpublished material as limited-release NFTs, and even sell rights to their works.

Beyond art, what is your favorite application of NFTs?