What is NFT Utility?

NFTs with utility offer real benefits to their owners, making them more than just a digital assets. The true value of a non-fungible token lies in its uniqueness and verifiability. Since NFTs mainly contain proof of provenance and proof of ownership, they can help companies in various industries in their operations.

By giving NFT owners commercial rights to their assets, the group also has an aggressive branding strategy that works in line with its public image. But brands need a good NFT strategy and an “execution journey” in the business model and industry that addresses the specific use cases involved. In the NFT space, many participants need a real strategy or vision beyond what appears to be an enthusiastic bandwagon or quick buck.