Everyone on Twitter loves to say NFTs have no real-world use cases, but this is a myth.
The reality is that NFTs are already getting implemented today in industries like medical, real estate, events, luxury goods, and supply chain operations. Given NFTs are such a flexible piece of new technology, there's an infinite set of problems and pain points that it can apply to. We are only at the beginning of a huge wave of industry change.
Below is a list of 5 real-world NFT use cases & example companies I've observed.
My personal favorite out of these examples is health data.
There's a huge pain point around getting visibility into how our personal health data is getting used by various actors. Companies like Aimedies are working to represent this data using a token. Doing so can help to increase more trust in sharing data with health service providers, reduce friction for people to try out new health services, increase data available for scientific research, and give people a share of the overall value accrued from their data.
Very cool.
As you can see, NFTs are already getting adopted across industries for a variety of real-world use cases.
Over time, we'll see how these use cases pan out. In the meanwhile, I hope I've convinced you that its untrue to say they're only being used for PFP art today.