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Utility NFTs are leveling up the NFT space to amount to more than an over-saturated hype. Utility NFTs bring added value to collectors, with various tiers based on the benefits, access, and opportunities they provide to the token holder. These tokens have a clearly anticipated inherent value in addition to their scarcity. The new concept of NFT utility has been broadly categorized into social NFTs, community NFTs, gambling NFTs, fantasy-sport NFTs, and in-game NFTs.


In 2021, Jack Dorsey sold his first-ever tweet as an NFT for $2.9 million but this week in auction no one bid more than $280 and bids on OpenSea have dropped by 99%. Why? Potentially because this collectible has no NFT utility and therefore provides zero value to the token holder. The NFT industry is not flopping, the loss on this trade is due to collectors having a new need for value, for example, Bored Apes provide extra perks and benefits to holders.


Utility NFTs may prove very successful for organizations by giving them an edge in a saturated market and providing long-term incentives for consumer uptake. Even the most basic utilities enable buyers to draw a new form of value from an NFT. Rather than judging the art's appearance, utility determines its worth. Projects that have utility have started to outperform those that do not.


It could be said that NFT art is as successful as the artists’ personal brand and status attached to the commodity. It is the same as an artist having to work for their physical art. NFTs can be used to authenticate physical art and other physical items.


NFT art is one of the most popular categories of NFTs. These are mostly digital artworks that come with a digital ledger-issued public certificate of authenticity and ownership.

Sports memorabilia is one of the most common NFT categories, with the NBA Top Shot being the most well-known NFT in this category. There are also a host of NFT-based video games in which participants compete for prizes such as cryptocurrency, digital assets, and other NFTs. The NFT has several more prominent categories such as social, events, ticketing, and community driven NFTs.


Check out some of the NFT projects providing utility to token holders:

- Metakey Genesis Editions is the first of four sets with special perks, material, characters, discounts, and airdrops available to keyholders across many platforms, blockchains, and games.

- Frank Miller created Funky Monkey Frat House on an artist incubator site. The POOL PARTY liquidity pool and trading platform are available to NFT holders.

- On Polygon, Coinleague is a fantasy crypto gambling and NFT platform. It's similar to the popular fantasy sports leagues and competitions. This time, though, NFT holders receive a portion of the revenue from contest fees and other contest bonuses.

- Snapshot is a decentralized voting method that produces outcomes that are gasless, easy to verify, and difficult to refute.


To learn more about NFTs and their new use cases keep an eye on Supermoon Camp, an exclusive community of blockchain experts and enthusiasts that are propelling cryptocurrency adoption to new heights. Supermoon Camp is committed to educating and bringing the crypto industry to higher levels. See one of the upcoming NFT categories at FlashBack.One of the first NFT ticketing platform that bridges art, event organizers, and event lovers, while also enabling organizers to create bespoke and art-like NFT tickets that enthusiasts can buy, sell and store for decades.


Join our channels below to keep updated on all things NFT.




The Supermoon team has successfully launched the first of our unique Supermoon popup camps which started in Miami, gathering crypto enthusiasts and thought leaders at a private venue in Wynwood.


Following our debut success, Supermoon Camps will continue to take place across the globe with the aim to build a community of crypto like-minded people and drive innovations in the industry.


Over our 5-day camp Supermooners exchanged their boldest ideas, built strong connections, and enjoyed Miami Art Week to its fullest. The Supermoon team also hosted panels on NFTs Revamping the Event Industry, NFTs for Social Impact, and Metaverse Economies with speakers from Polygon, ComputeCoin Network, Flashback.one, Fuse.io, FAS |Fintech Advisory Services, Ponyo Inu, the Giving Block, and the NYC Blockchain Center.


Supermoon Camp co-organizers FAS |Fintech Advisory Services, a global consulting ecosystem that fosters successful ventures, supported the main event, an exclusive in-house networking event featuring crypto influencers, attendees from leading blockchain and crypto projects, and investors.


The main sponsor supporting our initiative to grow and educate the crypto community is ComputeCoin Network, who are leading the way in metaverse expansion by serving as infrastructure for metaverse applications, providing metaverse users with rich, low-cost computing and storage power.


Supermoon Camp partner Flashback.one an NFT platform that revolutionizes ticketing, joined the pop-up camp and provided our freshly minted NFT tickets with the special astronaut edition.


Supermoon Camp will be announcing its next location soon! Follow our socials for more information and keep up to date on upcoming events


FAS | Fintech Advisory Services co-organised the first SuperMoon Camp edition in 2021. Industry experts gathered in Miami with FAS | Fintech Advisory Services for 5 days during the Art Week with professional video production covering panels and highlights from the event.


Metaverse day hosted guest speakers from Polygon, Computecoin Network, FlashBack, and Blockchain Center NYC discussing the use cases that Metaverse offers in Gaming, Entertainment, Art, NFT, and Education.


Michael Robinson from Computecoin Network mentioned the importance of Metaverse in the entertainment industry, while Masha Prusso from Polygon highlighted how Metaverse can change the education industry and make a learning process gamified. Elena Obukhova raised a question on whether it’s possible to imitate a real-life experience in the Metaverse while champagne bottles were popping. Gil Klein from Blockchain Center NYC was sharing his vision on how these experiences can be imitated with wearables.


Click below to watch the full video from SuperMoon Camp 2021 on Metaverse Economies




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