![]() They became famous with Cryptokitties, a digital kittens collector. Collectible Items/Trading CardsĬryptokitties, a digital kittens collectorĬollectibles are the first types and use cases of NFTs to emerge around 2017. Below are some popular examples today, delivering on various NFT use cases. This implies that types of NFTs cannot be exhaustive, and there are possibilities for new NFTs in the future. The highly flexible nature of NFTs can be attributed to the increasing number of teams and organizations developing them. ![]() NFTs are used for a diverse range of applications and use cases. It is safe to say anything can be used as NFT, and this isn’t altogether false. There are no rules as to what can count for an NFT. Onchain storage needs to be paid for in cryptocurrency, but off-chain storage does not. When an NFT is stored on-chain, it’s stored directly on the blockchain. This allows for more data to be stored in the NFT than would otherwise be possible. When they are stored off-chain, the file itself is not stored on the blockchain-only a reference to it is. NFTs can either be stored on-chain or off-chain. ![]() While JPEG and PNG files can store static images, SVG files are vector graphics and can be animated. There are many file formats that NFTs can be stored as, including JPEG, PNG, and SVG. The most common use is as digital collectibles. ![]() They represent a unique asset and can be used to represent any type of asset. NFTs are non-fungible tokens that are stored on the blockchain.
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