- When we think of NFTs, we usually think of cartoon apes with boring expressions.
- However, a digital token that represents someone owning something may actually be usable.
- We can use them as certificates to our homes, travel passports, or concert tickets.
It’s hard to escape reading about NFTs today.
If you need to update quickly, NFTs are digital tokens stored on the blockchain, indicating ownership of artwork and the like.
We usually read about them in relation to The so-called boring Ape Yacht Club with sales of over $ 1 billionAlso Record art auctionOr how celebrities are jumping in NFTs The trend of Web3.
But in reality, there may be some practical (though not so sexy) uses of them.
Here are some.
Traditional contracts can be NFTs
Actions on our home can be NFTs.
Ted Shafrey / AP Photo
Think of smart contracts as a digitally legally binding alternative to traditional contracts that are securely built on the blockchain. They can show personal ownership or achievement of something, such as a certificate or a college degree.
Smart contracts can be used in real estate such as new home certificates. This allows all parties to interact in the same place, speeding up the tedious home-buying process.
Concert and sports tickets
Eminem will perform at the Super Bowl LVI Halftime Show on February 13, 2022.
Kevin C. Cox / Getty Images
Using NFTs as concert tickets helps prevent counterfeiting, as each issued ticket is securely attributed to the purchaser.
The NFL did the same for this year’s Super BowlWe will give you a free NFT as a “digital souvenir” version of the actual ticket, with each participant’s unique sections, rows, and seats.As Coin desk Keep in mind that these NFTs can also be sports souvenirs and can become more valuable over time, like old Beatles concert ticket stubs.
You can also use the same NFT pulled up on your mobile phone as a way to buy food and drink at the event.
NFT passports can change your trip
A traveler at Miami International Airport in 2021.
AP Photo / Malta Lavandie
If airlines and airports have adopted NFT passports in the mainstream, your identity can live safely in digital form on the blockchain.
Not just passports, but documents in any form of paper, from boarding passes to printed tickets for shows and local attractions when exploring destinations, can be safely built as NFTs on the blockchain.
This could, in theory, significantly reduce the theft of personal information and enhance security by allowing airport agents to easily view NFT documents on the blockchain.
Health record
Women will be vaccinated with the second Moderna COVID-19 vaccine on March 29, 2021.
Sergio Flores / Getty Images
Think of your medical history, immunization, and prescription as living as an NFT on the blockchain. Even if you change doctors, you can easily access it.
There is a reason why many people are considering creating an NFTCOVID-19 Vaccine Passport as a way to smoothly check a person’s vaccination status when going to an event or business frequently.
In some areas, we are doing that — Micronation, San Marino, which borders Italy. A law was passed in July 2021 to create a vaccine passport for citizens. The digital token adopts a QR code that confirms the vaccination status of the owner using the blockchain ledger of the platform VeChain.
