Top NFT Ideas and Examples to Inspire Your Next Project
The most important advantage of the NFT scene is that it fosters innovation, creativity, and uniqueness. Millions of dollars have been earned by digital artists who have created individual artworks, memes, and collections. Anyone can replicate this success, although it takes time, effort, and imagination.
Of course, assuming that your first collection would fetch a million dollars would be unrealistic. However, a popular, viral NFT has the potential to help you earn passive income. In this article, we’ve compiled a list of the best NFT art ideas and examples for you to take as inspiration for your next non-fungible token venture.
Top 8 NFT ideas
Much of the NFT space is taken up by virtual artwork. In fact, some of the highest-selling NFTs to date are individual collections of digital artworks. Therefore, one of the most acceptable ideas for a non-fungible token aficionado is to pursue a career in the arts.
You can choose to be a virtual artist who sells their work or a buyer who acquires artworks to make a profit by reselling them. Creating digital artwork is incredible if you have a creative bone in you.
You can use software like Photoshop, Adobe, and others to create your own collection of digital artwork. Rarity and uniqueness are important here, so ensure that your idea for NFT art differs from what already exists in the NFT space.
This is an exciting approach to earning money in the non-fungible token realm. For instance, selling viral creative or instructional tweets can bring you money. Even though this appears to be unconventional, it has been done previously by Jack Dorsey (former CEO of Twitter).
Some of the most profitable undertakings you can begin right now are blockchain-based games that let you earn. For instance, popular brands such as Louis Vuitton have developed a game called “Louis: The Game” that contests gamers to locate concealed tokens, among which are creations by reputed virtual artist Beeple.
Because of the growth of the metaverse games are becoming more popular. You can work with a well-known brand to develop an NFT-oriented game or create one if you have the resources. However, keep in mind that it necessitates substantial capital.
In this situation, making money by playing these games is the safest option. Platforms such as Decentraland enable you to earn MANA, the platform’s native token, which you can then use to buy digital items and in-game tools. As a result, if you are a player looking for a way to make money, look for a game that will give you a good return on your money and invest it.
Another ingenious idea for NFT is viral videos. Charlie Bit My Finger, a classic short video clip posted over fifteen years ago, was taken off of YouTube by the original creators and sold for approximately $760 000. Turning a viral video into an NFT and selling it may seem simple, but it has one huge drawback.
Because ownership and authenticity are essential in the NFT universe, you cannot select a random film from the internet and sell it. It’s essential that you are the genuine owner of the video to be able to sell it as a non-fungible token.
People will need digital furniture soon after the metaverse replaces the internet, so it is a worthwhile investment. The vast majority of investors have already purchased land in various metaverses, such as Decentraland, to build their virtual homes, workplaces, and communities.
These areas will need to be outfitted, which will necessitate the purchase of furniture. Therefore, you can create your line of virtual furniture to launch across various marketplaces.
Remember that the NFT universe rewards originality. You can achieve a decent return on your assets if you can provide investors and collectors with something they can use or sell when the metaverse becomes a reality. However, make sure your pieces are unique and unusual, as scarcity improves value.
These are artificial intelligence coins based on Ethereum. They can improve their personality as you interact with them and teach them new things through your conversations, which is upsetting for the average NFT investor.
Once fully immersed in your metaverse, an AI NFT will be more of a virtual companion with whom you can converse and play. However, expect to pay an arm and a leg for one, as they appear to be in short supply. Investing in artificial intelligence companies is a wonderful idea because their values and profitability are estimated to increase in the near future.
Memes are humorous images or short videos that are funny, factual, or satirical in nature. Numerous memes have been sold recently for thousands of dollars. You can sell a viral meme as an NFT if you have one.
Renowned investors and entrepreneurs, such as Elon Musk, are strong supporters of meme culture, which means you will almost certainly profit if you decide to sell your collection. Fortunately, meme culture is here to stay, and you still have time to collect them and sell them on non-fungible token sites.
Companies are pushing the boundaries of their creativity with NFTs with inventions like self-destructing tokens. Various discussions have taken place regarding the ecological impact of non-fungible tokens.
Crypto mining generally raises carbon levels in the atmosphere, contributing to the wide-ranging debates about global warming and carbon emissions. In response to these discussions, companies have developed self-destructing NFTs in order to join the growing tide of environmental activism surrounding the NFT sector.
This token, dubbed Two Degrees, is intended to self-destruct or burn after global warming exceeds the average by 2 degrees Celsius. You can expect conscious buyers to invest in such self-destructing NFTs in the future. Therefore, you can collaborate with these companies to create your self-destructing tokens.
10 Best NFT business ideas
With the NFT market growing at an unprecedented rate, here is a list of the top 10 NFT business ideas you can invest in to become an NFT-based entrepreneur.
NFT marketplace business:
All NFT exchanges happen through platforms called NFT marketplaces. These are nothing but websites and mobile applications that allow customers to create, mint, and trade non-fungible token-based items.
These sites can offer either general-purpose or niche-specific non-fungible token products. The current NFT boom has catapulted online marketplaces as an important NFT business idea.
As long as NFTs remain mainstream and popular, marketplaces will continue to thrive. Some popular marketplaces on the internet today are – UPYO, OpenSea, Axie Infinity, Rarible, SuperRare, etc. Discover the top NFT websites.
NFT launchpad business:
A marketplace or platform where NFTs can be minted, marketed, and introduced to the public at large is known as an NFT launchpad. Most launchpads feature the work of emerging artists and small-time designers who lack the resources to launch and promote their NFT projects on their own.
Such NFT-based businesses can provide the necessary assistance to new and eager NFT creators. It also enables collectors to learn about new artists and their collections. Today’s most prevalent NFT launchpads are the NFT pad, NFTb, and NFTLaunch.
NFT staking platform business:
NFT staking is a popular tactic for investors to earn passive income through their NFTs. Owners can use a staking platform to lock their NFTs for a set period in exchange for numerous incentives. The staked NFTs can ensure that there is liquidity in the realm of NFTs in addition to securing the blockchain they are hosted on.
NFT staking sites stake using the proof-of-stake (POS) method, which saves energy. Most NFT staking companies are involved in blockchain games such as Splinterlands, Axie Infinity, and The Sandbox. This is due to the fact that, aside from digital artworks, the majority of the non-fungible token commercial industry is devoted to in-game assets.
NFT game business:
The gaming industry has readily adopted NFT as part of its offerings. A game-based NFT business, or Game-Fi, is one in which NFTs represent various in-game assets that can be sold or traded. These games are based on the play-to-earn model, which allows users to earn money while they play.
Games like The Sandbox, Axie Infinity, Gods Unchained, and Sorare currently use this model. As gamers embrace the concept of blockchain-based gaming, in-game assets have created a sizable economic opportunity in the NFT sector. Establishing an NFT game can be a profitable business venture in the long run as the gaming market grows yearly.
NFT-based metaverse business:
The adoption of NFT in the metaverse has been relatively swift. Currently, NFTs in the metaverse represent real estate; however, the future application of these tokens remains open-ended. An NFT-based metaverse business is a website where users can purchase virtual plots of land on a metaverse platform.+
Several NFT firms have entered the digital real estate market, where people can purchase virtual lands in the metaverse environment. Metaverse games such as Decentraland and The Sandbox have already made significant progress and enormous profits by selling virtual real estate to the general public.
Although the metaverse is an evolving concept and an unregulated arena, the business potential of such platforms is incredible. An NFT-based metaverse business can help entrepreneurs enter the market and become key players in shaping the metaverse’s future.
Physical asset NFT business:
A physical asset NFT business sells non-fungible tokens linked to physical properties. In general, NFTs are used to establish the ownership and legitimacy of tangible goods. As a result, these businesses use NFTs as proof of intellectual ownership for a variety of physical assets.
While physical artworks are the most common items sold as physical assets NFTs, real estate NFTs are also on the rise. Nonetheless, the constraints constraining the real estate sector make it difficult to integrate NFTs, which, if adopted, can potentially be game changers. Since very few businesses are connecting physical assets, especially real estate, to NFT, it’s an opportunity for entrepreneurs to take the lead and grow in this sector.
NFT marketing business:
Online marketing is a critical component of any business, and it remains valid for the NFT industry as well. All types of NFT-based businesses require marketing help to expand and improve visibility. Therefore, an NFT marketing business would definitely come in handy to promote NFT assets.
To increase a client’s customer base, an NFT marketing company can use a variety of tried-and-true methodologies, such as direct and indirect community contact tactics. These companies can use traditional digital marketing strategies and novel tactics to reach the crypto community.
NFT loan business:
With the growing popularity of decentralized finance (DeFi) applications, some businesses have partnered with NFTs to provide specialized DeFi applications such as loans. An NFT loan business operates similarly to a traditional loan, except that the collateral is NFTs rather than tangible assets.
Furthermore, as cryptocurrencies become more widely accepted around the world, using NFTs as collateral could be a life-saving option in the future. As the world converts to DeFi systems, the NFT loan business will indeed have a bright future.
NFT token business:
Token-based NFT enterprises are those that generate various types of non-fungible tokens. These tokens can be anything from native cryptocurrency tokens to non-fungible tokens.
Although creating NFT tokens using the minting tools provided by marketplaces is simple, developing in-portal native tokens for launchpads and games is a separate operation. A company specializing in the development of NFT tokens would be financially viable and essential to the NFT environment’s future.
Whitelabel NFT business:
A Whitelabel NFT business is one in which a company manufactures, markets, and develops the roadmap for the NFTs of another company. A business-to-business (B2B) transaction has occurred. In this case, a company develops and employs an end-to-end solution for NFT collections (such as pixelated art or comic world).
Although the business strategy is similar to that of establishing Whitelabel platforms for NFT marketplaces, the results are vastly different. Whitelabel NFT businesses can be helpful for other ventures that want to enter the NFT space.
Top 20 NFT examples
Beeple’s “Everydays – The First 5000 Days”:
This is a visual art created by Mike Winkelmann, also known as Beeple. The work was auctioned at 69.3 USD million, one of the highest prices for a non-fungible token. It was also the third-most costly piece by a living visual artist and the first non-fungible token sold at Christie’s.
Jack Dorsey’s First Tweet:
In December 2020, Jack Dorsey generated a non-fungible token (NFT) from his first-ever Twitter post, which sold for a whopping $2.9 million. Iranian crypto entrepreneur Sina Estavi bought it. Mr. Dorsey asserted that the earnings from the sale of the NFTs would be transformed into bitcoin and then made a donation to Give Directly, a charity that disburses funds to people in need.
William Shatner Memorabilia:
William Shatner, a Hollywood actor, who has been working in the entertainment sector for 60 years, created a brilliant non-fungible token image collection that clicked throughout his remarkable career. The series was a huge hit as he sold 125,000 units in just 9 minutes.
The Origins of the Internet:
Sir Tim Berners-Lee, the creator of the WWW, auctioned the non-fungible token representing the 9,555 lines of source code for a huge 5.4 million USD. The source code was auctioned at Sotheby’s, along with some other inventions of the creator.
These non-fungible tokens by Larva Labs are currently the most popular tokens in the world. Initially, the company created and dispersed ten thousand tokens randomly to anyone with an ETH wallet. The secondary market value of these tokens took off from there. Currently, the cheapest token in this series is valued at $100,000. This series has received substantial funding from investors like Visa, Jay-Z, and Odell Beckham Jr.
Paris Hilton’s Planet Paris:
Paris Hilton, an ardent NFT supporter, has established her own NFT series, “Planet Paris .”Planet Paris is a series of short videos that were created in collaboration with Blake Kathryn. The collection had auctioned for more than 1 million USD.
Bad Luck Brian Gets Lucky:
The non-fungible token space is modeled after digital culture, highlighting online humorous, irreverent, and landmark moments. Memes, of course, have found their way into the non-fungible token universe. Kyle Craven, the Bad Luck Brian meme proprietor, sold his legendary yearbook portrait as an NFT for an astonishing $36,000.
Bored Ape Yacht Club:
The BAYC is a series of ten thousand distinct avatars that resemble an ape. All the apes of the collection share some characteristic traits, such as facial expression, background, eyes, fur, hat, mouth, clothes, and earrings.
However, each ape is different from the rest, and some have specific characteristics that make them rare. Owning a BAYC NFT gives holders exclusive membership access to a virtual club. A set of 101 non-fungible tokens was just auctioned for a stunning $24.4 million at Sotheby’s.
Sotheby’s First Virtual Location:
This highly regarded site recently launched its flagship metaverse site in the Voltaire Art District. The land plot is a non-fungible token, and the gamers of Decentraland will be able to see the available non-fungible token in the gallery.
Louis Vuitton Video Game:
The entry of this esteemed brand into the universe of non-fungible tokens was unique. They developed “Louis: The Game,” which attracted gamers across the globe to get through the challenges and discover concealed tokens.
$200k LeBron Dunk:
This is a video clip of LeBron James dunking a popular non-fungible token that got auctioned for 210,000 USD. Sports memorabilia and big sports moments, including trading cards, have been an obsession for sports fans for decades, and this trend has now become digital. Lebron Dunk is among the many top sports moments selling for top dollars.
Burnt or destroyed non-fungible tokens are a rage now; one non-fungible token is usually destroyed to create scarcity or increase its value. Taking a cue from this trend, Injective Protocol paid $95,000 for Banksy’s Morons piece and burnt it. The whole burning process was filmed, and the video clip was auctioned as a non-fungible token.
Tom Brady’s Autograph:
Tom Brady’s NFT marketplace, Autograph, is where sports enthusiasts buy Autograph NFTs of their favorite players. The platform has a massive celebrity following while also boasting an impressive NFT collection of top athletes such as Simon Biles, Tiger Woods, Derek Jeter, and many more.
Coca-Cola sold numerous treasure boxes that included a Decentraland jacket. The order also included a fully stocked Coca-Cola refrigerator. In addition, the company hosted a “can-top” party in Decentraland, which comprised giveaways, music, and a Q&A session. The 72-hour sale raised more than 575,000 USD, which was given as a donation to Special Olympics International.
Austriaische Post AG issued the world’s first blockchain stamps in 2019, becoming an early adopter of non-fungible tokens. The venture has been a big success, as hundreds and thousands of Crypto Stamps got sold in its third edition.
VeeFriends was created by Gary Vaynerchuk and included tokens that depicted human qualities admired by Gary. These tokens are more than just an image, much like BAYC tokens. They signify membership among like-minded people sharing similar interests. By buying this token the user avails free access to Veecon for three long years.
It is a game inspired by Pokmon and revolves around the buying, breeding, and training of battle-ready Axies. The Axies are nothing but non-fungible tokens, and by engaging these creatures in battles, gamers can earn Smooth Love Potion, a cryptocurrency that can be traded on secondary markets for fiat money. This site is one of the world’s most valuable non-fungible token initiatives, with over 1 billion USD exchanged to date.
Carbon Negative NFTs:
You’ve almost certainly come across reports on the environmental impact of non-fungible tokens if you’ve done any research on them. As a result of such concerns, Imogen Heap developed the first carbon-negative non-fungible tokens that were recognized worldwide. Heap sold these tokens and donated a portion of the proceeds to a carbon capture company called Nori.
Mark Cuban’s Inspirational Quote:
Mark Cuban, the billionaire entrepreneur, ventured into Web 3.0 by getting involved in non-fungible tokens. He invested in iNFTs, launched a non-fungible token site called Lazy, and proposed integrating NFTs into the ticketing procedure for his NBA team. Furthermore, he also created an inspirational quote non-fungible token that bought me $1,700.
Argentine designer Andres Reisinger auctioned ten virtual furniture pieces as non-fungible tokens. Surrealist furniture, most of which referred as “impossible objects” are developed in such a way that they can be suitably placed any Metaverse. Five out of these ten replicas came with the assurance of tangible replicas. Others, on the other hand, can be owned, displayed as non-fungible tokens in their digital homes, or can also be sold back.
The crypto world moves quickly. NFT investors and key industry players have become more inventive in recent months, introducing us to possibilities that no one could have predicted.
Getting your non-fungible tokens recognized is difficult. However, the concepts and examples provided in this article will give you new ideas for their release. These NFT ideas are some of the most promising long-term solutions. Although legislation pertaining to NFTs is not clearly laid yet, the future promises hope and greater opportunities.
Whether you wish to learn about NFT, Blockchain, Web3.0, Metaverse, or other emerging technologies, we have the vital resources that will enlighten and help you make an informed decision.
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