There are many kinds of NFT’s. Some NFT’s act as a symbol or token of ownership only. Other NFT’s act as ownership and generate income from the transfer or sale of the NFT itself or some portion of it. Some NFT’s you can combine them to form something extra rare that can be resold at a profit. Other NFT’s become increasingly rare so procedurally so the value was designed to increase. NFTs can be used as validators that someone owns a piece or whole of a physical art piece. They can be used as giveaways, stand alone art pieces or as collectables. NFT’s can be used as tickets for access to events or buildings virtual or physical structures. NFt’s ownership can be linked to owning physical or virtual property that operates outside the USA or any territorial system of rules and tax codes. NFTs can be created to execute automated contracts eliminating the need for middle men to help ensure a contract that is executed has the appropriate payment associated with the transaction.