NFTs can be any fungible digital asset. Here are several examples of NFTs that have been bought and sold.
NFT art
NFT artworks are stamped with a unique string of code. They are stored on a virtual ledger called a blockchain.
NFT music
There are several artists who are using NFTs as another way to generate income. The industry is considering the technology as a more viable way to earn value when compared to streaming royalties.
NFT journalism
Publishers like The New York Times, Forbes and Quartz have also started selling articles as NFTs. The NYT argued that journalists and artists alike can take advantage of this trend because blockchain technology made it possible to “stamp digital goods with a cryptographic marker of authenticity and keep a permanent record of its ownership.” Thus, royalty agreements can be attached to these digital creations.
NFT Branding
In the food industry alone we have seen many companies jumping into this crypto trend as publicity stunts.For example, Pringles, Taco Bell, Pizza Part and more