After the humongous success in 2021, it seems unlikely that the popularity of Non-fungible tokens aka NFTs is going to diminish any bit in the times to come. So for you, we have curated a list of 40 best NFT Ideas & Examples to help you start an NFT business today.
As we all know that NFTs are artworks created on the technology known as Blockchain having unique codes for encryption that can be validated for ownership and authenticity. An NFT art example could be anything from digital art to a song or an album.
One thing is quite clear – NFTs are here to stay. Therefore, we’ll try to cover everything to provide you with the maximum amount of information to inspire you on your NFT journey. In this article, we’ll be covering some of the best NFT Ideas and most innovative real-life NFT examples.
For NFTs, 2021 has been a fruitful year. With earth-shattering sales and continuous print and electronic media coverage, the best NFT tokens were able to capture everyone’s eye in the business and customer community globally.
Still, it is showing no signs of slowing down but continuous growth. The transaction volume of OpenSea was $14 billion in 2021 which amounts to 646 times the sales made in 2020 which were $21.7 million (Source). Further, the application of NFTs in sectors like marketing, real estate, finance, and the government is quite evident.
Have you ever wondered what is common among The New York Times, the NBA, Gucci, Paris Hilton, and Visa? It is the NFTs. So now it is quite clear that ignoring NFTs in today’s dynamic scenario is not a viable option.
Having said that, now it is time that we straightaway get into the main part of this blog. Here’s the full list of the best unique NFT ideas that are crazy, cool, innovative, and funny.
It would be a crime not to mention the remarkable $69 million NFT auction in the list of ideas for NFT. The NFT is a compilation of a total of five artworks Beeple (Mike Winkelmann) has collected every day for 5,000 days since 2007. The project is still continued by Winkelmann via software named Octane and Cinema 4D.
The artwork is the most expensive NFT sold to date and the third most expensive artwork sold by a living artist. The artwork was sold at $13,860 per piece and the auction was held at the fine art auction house.
NFTs are famous for their CryptoPunks. In 2017, Larva Labs created and distributed 10,000 CryptoPunk NFTs in the form of randomly generated coins that are redeemable with an Ethereum wallet. Resultantly, the value of CryptoPunks went way too high in the secondary market.
As of now, the cheapest CryptoPunk costs more than $100,000, and more than $1 billion CryptoPunks have been exchanged in the NFT series. A huge amount of money has been invested in CryptoPunks by Via, Odell Beckham, and Jay-Z.
This artificially intelligent NFT (iNFT) is based on Ethereum Blockchain. The character’s name is Alice and the more you talk to her the more she learns and builds her personality. When she was asked in her promotional video regarding what she feels about living on the Blockchain.
In response to that, Alice replies that she feels like a digital goddess and can take any form she wants. Alethea AI is the company behind building this NFT and seeing the overwhelming response the company is all set to continue the project and build the infrastructure for the future of iNFTs.
For a long time, Paris Hilton has been a loyal admirer of the NFTs. Hilton has written articles about NFTs, discussed them on TV shows, and even created her own NFT series. She joined hands with Blake Kathryn to form a venture called Planet Paris that includes a series of short videos which helped Hilton earn millions of dollars.
Exclusivity and brand recognition are the main ingredients in the luxury sector. Therefore, there can be nothing as good as NFTs for such a sector. The way Louis Vuitton entered the world of NFT was quite unique. A video game named Louis: The Game was developed by them in which the players complete tasks to find NFTs that are hidden. Here is a complete list of top NFT games.
We all know veteran actor William Shatner who spent more than 60 years in the entertainment industry. 2020 was the year in which the actor officially released a series of his personal memorabilia in the form of NFTs featuring a variety of pictures made throughout his flourishing career. More than 125,000 units were sold in less than 10 minutes.
The next candidate on the funny NFT list is ‘Nyan Cat GIF’ which is a wonderful piece of unique NFT artwork of the 2010s. On its tenth anniversary, the creator of the video converted it into an NFT to finally sell the same at an auction. The video was being sold for an amount close to $852,300 which shook the entire world.
Talking about ideas for NFT, next we have Cryptovoxels on the list which is a combination of social networking, gaming, and commerce – a metaverse based on Blockchain. The platform is a user-based virtual world running on the Ethereum Blockchain. The concept is somewhere identical to Minecraft but with a pinch of cryptocurrency. The users can build art galleries, trade parcels of land, and communicate with other co-players.
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Sir Tim Berbers-Lee was the person behind inventing the World Wide Web in the year 1989. After 30 years he sold his original 9,555 lines of source code as an NFT for a whopping amount of $5.4 million. The auction took place at Sotheby’s and that includes the source code of the World Wide Web as well as some other goodies created by the inventor.
The sale doesn’t’ signify the ownership of the internet by the buyer, instead, it is a sign of pride and exclusivity. The buyer now owns a pivotal part of human history.
If AI NFT didn’t make you creepy then I am sure NFT of human body parts will do the trick. Recently, Oleksandra Oliynykova (A tennis player from Croatia) auctioned a part of her arm as an NFT. The NFT was sold on the OpenSea marketplace for an impressive amount of $5,000. The NFT owner is entitled to tattoo whatever they would like on the small section of her arm.
The eleventh famous example of NFT art is Bad Luck Brian. Since 2012, Bad Luck Brian (original name – Kyle Craven) has been made fun of online. However, the last laugh was made by Kyle himself when the iconic yearbook photograph of Kyle was sold for $36,000 in March. Now with meme culture getting popular day by day, the internet sensations who have conquered the web have finally the chance to capitalize on this mindboggling opportunity.
NFTs can be compared to autographed merchandise or baseball cards as they are tradable, rare and collectable. The sports fraternity is no less when it comes to trading in the NFT market. Recently an NFT video clip of the famous LeBron James dunking was being sold by an NBA top shot for a massive amount of $210,000.
We all love Twitter, isn’t it? But what happens if I tell you that the first ever tweet posted on that platform was sold as an NFT? Yes, this is true. Twitter’s CEO Jack Dorsey sold the first ever tweet on Twitter for nearly $3 million. Later, Dorsey clarified that the money generated from the sale would be converted into Bitcoin and then donated to a charitable trust.
Decentraland came into the picture when users reported that they made huge profits by selling and buying digital land. This is based on the Ethereum Blockchain and is the first multiplayer role-playing metaverse.
RTFKT is disrupting the fashion industry. Although people cannot wear their sneakers they are still ready to spend more than $10,000 for a pair. In March 2021, a series of sneakers has been sold by RTFKT that made a total sales of around $3 million.
NFT for Good is yet another example of NFT art. It is beyond the concept of simple ownership of art. The organization is run by Binance Charity & Partners performing their operations on the Binance Smart Chain. Using NFT for Good, people can sell their artwork in a way to ultimately tackle humanitarian issues.
This is a Blockchain-based startup that enables direct access to .crypto domains from all popular browsers across the world. This particular feature was not accessible some time ago. As soon as the domain is claimed by anyone, it is minted in the form of an NFT, providing complete ownership and control to the user.
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Gourmet NFTs is one of the fascinating and unique NFT art Ideas where you can display and make money out of your cooking craft. Have you ever thought of monetizing your mom’s famous pickle recipe? Well, this is now possible with GourmetNFT. In this marketplace, home chefs and professionals are allowed to upload their recipes to the Blockchain and sell them as non-fungible tokens.
An Argentina-based designer named Andres Reisinger listened and sold ten pieces of virtual furniture as non-fungible tokens. Some items from the surrealist furniture were referred to as “impossible items” by Reisinger and were made to fit into any metaverse. Out of ten, five items were claimed as true-to-life replicas while on the other hand owners of other NFTs can simply exhibit them in their virtual homes or sell them.
The world of NFTs also has a market for EthereumRocks NFT which in reality are just JPEGs of cartoon rocks that are sold for millions of dollars as NFTs. In September 2021, the cheapest EtherRock was sold for around $2.2 million while the other was valued for $1.5 million.
Treedefi offers the first NFTs supported by real trees planted all across the globe. What you can do is purchase an NFT and Treedify will plant a tree in your own name. They will also track the tree’s birthday, characteristics and CO2 absorption etc. This can indeed be a great NFT idea that not only seems profitable but also environmentally prone.
Blockchain has also impacted the real estate sector allowing investors to buy property shares through tokenizing. This practice is very helpful for asset owners in selling their property quickly and efficiently. Investors on the other hand can leverage on liquidity and higher transparency.
Asset tokenization simply means dividing it into “tokens” or “shares”. Say for example, if you want to sell an asset having a surface of 1000 square meters that costs nearly $100,000. Then you can divide it into individual square meters and sell them individually at $1,000 per share.
The next great example of NFTs is Licenses and certifications. Today we still rely upon paper certificates and licenses which not only increase the paperwork but also can be forged easily. With Blockchain, you can now create falsifiable and concrete licenses and certificates as solid proof of your degree/qualification.
This can revolutionize the industry as businesses and institutions can capitalize on this by accessing such licenses and certificates enriched with the functionalities of NFTs.
Everybody is milking the benefit of NFTs and Taco Bell is not behind. Taco Bell has commissioned a series of images and GIFs based on dishes from their menu. This, in a way, can be called a funny NFT and was sold immediately after its launch. The quoted price was $1 per piece. Although they did not generate substantial revenue, they have certainly managed to create a lot of buzz on all the social media platforms.
Yes, you heard it right, Elon Musk, who is also labeled as a real-life Tony Stark, thanks to his presence and influence in the tech world is no behind when it comes to dealing with NFTs. Elon Musk was once offered to sell one of his tweets which was actually a song with the lyrics: “NFT for your vanity. Computers never sleep. It’s verified. It’s guaranteed” As an NFT. Although later on Musk turned down the million-dollar offer as he felt it wasn’t quite right to sell it for whatever reasons.
In 2021, the famous picture of a Shiba Inu dog named Kabosu – AKA Doge was sold for a whopping amount of $4 million. Hence, as far as the market of memes is concerned, the Doge became the most popular one. Indeed, the NFT market is unpredictable and the sky’s the limit.
Talking forward to the list of the best NFT ideas and NFT examples, now we have a company from Berlin named Look Labs that invented the first digital fragrance in the world. In order to create the artwork, the company used molecular wavelengths recorded from a real perfume named Cyber Eau de Parfum. Further, as part of NFTs, the company put ten editions of the digital fragrance in an auction.
We all like chips, right? But what if they appear in the form of a digital avatar? Isn’t it sound creepy! Well, it is quite right as the famous chips brand called Pringles has released its own limited edition NFT called CryptoCrisps this year.
There exists an NFT called Two Degrees which is designed in such a way that it burns itself in global warming if it reaches 2 degrees Celsius above average. Invented by Terra0, the NFT is a forest view in southern Germany. The NFT is linked to a system that keeps a track of the annual average temperature report by NASA. When the temp reaches two degrees above the pre-industrial average, the NFT will destroy itself.
Surprisingly, the Austrian postal service was one of the early adopters of Non-fungible tokens. Therefore, it released the first blockchain stamps in the world in 2019. The project was a big hit as thousands of crypto stamps have been sold at that point in time.
You may find a few articles regarding the environmental consequences of NFTs during your research. The next example of NFTs in this list is an environmentally driven NFT created by a British Artist called Imogen Heap which they branded as carbon negatives.
The sale of the NFT generated a good amount of revenue and a significant portion of the income was donated to a carbon capture company Nori, which helped in removing 20 tons of carbon from the atmosphere.
Axie Infinity is creating a buzz in the NFT segment with its play-to-earn concept which allows its users to make some real money. In recent times, this NFT is gaining a lot of popularity, especially in places which are underdeveloped and where people are able to make money while they play video games.
Within the game you can buy, breed and train Axies for ultimately sending them into a fight and Pokémon-inspired it. The NFTs here are the Axies and via combat, the players can earn cryptocurrency in the form of SLP (Smooth Love Potion) which can be sold in the secondary market to earn real money.
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In the end, we hope that with each example of NFT art that we have mentioned above, you have taken a step further in understanding what NFTs are and how you can benefit from them. This is still an alien concept to most of us.
Having said that, these NFT ideas and NFT examples are enough to push the boundaries of your understanding of ownership and alternative payment methods. The crypto world is so dynamic that while you are reading this blog post, there are probably enough crazy new NFTs for us to write a completely new article.
To cut the long story short, one thing is clear: the NFT market’s potential is near-limitless. There are high chances that we are going to see Blockchain technology and NFTs disrupt all sorts of industries in the next five years.
The transaction (buying and selling) takes place online and represents digital proof of ownership at a given time. Just like cryptocurrencies, NFTs are also recorded on a Blockchain securely. On the contrary, the technology can also make it difficult to alter or counterfeit NFTs.
You need to toggle your NFT tabs that will display all the NFTs in your wallet. Choose the NFT that you want to transfer and click the send button. Lastly, you need to input the public address of the recipient.
In simple words, the value addition in NFTs happens when buyers successfully sell their NFTs at a price higher than what they paid for them. Just like the crypto market, the value of NFTs go up when the overall supply of NFTs available for sale decreases and the market demand increases.
When you sell your NFT, the payment you get is in crypto. So in order to convert crypto into cash, you need to send the crypto from your wallet to your concerned account on the cryptocurrency exchange you’re using (for example, Binance, Coinbase, Crypto.com, etc.).
OpenSea is an excellent platform for you to sell your NFTs online. Here you can sell your digital assets like cryptostickers and cryptokitties in an easy and hassle-free manner. But, in order to save your pocket, you need to be fully aware. For example, you need to make sure that your account is initialized wisely by following the gas prices to save on your transactions.
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