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Overview
NFT (Non-Fungible token) are no longer unfamiliar terms to crypto enthusiasts. Since their inception, NFTs have attracted a large number of users to the market through various diverse applications.
In general, there are 5 types of NFTs currently trending in the market, including:
1. PFP (Profile Picture)
2. Game
3. Collectibles
4. Domain Name
5. Art
Each type of NFT has its own characteristics and roles. Let's explore more about these 5 popular types of NFTs through the article below to understand them better!"
I. Profile Picture (PFP)
Profile Picture (PFP), or simply avatar, is a popular type of NFT that users can use as their personal profile picture in Web3. Each PFP collection represents unique characteristics and styles of its owner.
With important role, PFPs serve as a bridge to showcase users' personalities and uniqueness in the digital space. They allow users to make a personal mark and interact within NFT projects and the metaverse community. Beyond that, PFPs can also become symbols of reputation and connectivity within the web3 community.
Some of the famous PFP collections include:
- Cryptopunks
- Bored Ape Yatch Club
- Azuki
- Pudgy Penguins …
II. Gamified NFTs
Gamified NFTs is a concept that emerged in 2021 during the rise of the GameFi market. This term refers to NFTs that are used within games.
Gamified NFTs combine gaming elements with digital asset ownership, creating an enjoyable experience for users and potentially enabling them to earn additional income through gameplay.
Prominent projects include Axie Infinity, The Forge (Yuga Labs), Gods Unchained...
III. NFT Collectibles
NFT Collectibles are unique digital assets created on the blockchain that users can collect or trade.
Ownership and trading of collectible NFTs not only bring joy to collectors; owners can display, share, and experience their unique NFT artworks, while participating in trading activities within the collecting community.
As a result, collectible NFTs contribute not only personal value but also community value and the overall development of the NFT market.
The most renowned collectible collection, both in terms of sales volume and reputation, is NBA Top Shot (featuring basketball players' moments). Additionally, notable collections include those from RTFKT, Adidas, and Porsche.
IV. Domain name
"Domain name" refers to the address of a website on the Internet, where users can use it to search on browsers and access any given website.
In Web3, a domain name has role as a wallet address, helping users establish their personal identity. Domain names can be registered for free or bought and sold on secondary markets.
Prominent domain name projects include ENS (Ethereum Name Service) and Unstoppable Domains.
V. Generative Art
This type of NFT is commonly used to represent digital artworks such as paintings, videos, music, and animated images. Artists and creators use NFTs to protect ownership rights and establish value for their works.
This type of NFT is often not easily understood by average users because evaluating the value of an NFT requires a high level of expertise.
Example:
VI. Conclusion
In summary, there are currently 5 prominent types of NFTs you should know: PFP (Profile Picture); Game; Collectibles; Domain Name; and Art.
Each type of NFT plays a significant role in shaping and developing the NFT market. Moreover, these NFT types contribute to increasing creative potential and their value in the digital space.
In addition to the mentioned 5 types, another group of NFTs includes fashion. However, this group is still in its early stages and has not yet made a significant impact on the market.
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