NFTs and IRL Utilities – Is This the Key to Delivering Value?

The popularity of NFTs has skyrocketed over the past year. However, despite its high demand and the large number of celebrities who have invested in many NFT collections, some feel it is only a matter of time before NFTs are doomed. However, it’s a new morning for NFTs.

Content creators are turning to using utilities to reset the use cases of NFTs and blockchain investments. although there are approximately 23 million assets or the types of utilities attached to NFTs, only a handful of them have begun to offer their benefits in real life directly to collectors and investors.

These real-life experiences, products and services step into the metadatabase to change the true value of NFTs. Although the real value of NFTs increases the value of services or the side benefits and advantages of owning part of the collection, NFT also becomes more valuable and rare.

Let’s take a look at some of the leading NFT collections and how they deliver value using IRL utilities.

NFTs with IRL Utilities and Benefits

Vee Friends NFTs Exploding Bottles

CEO millionaire Gary Vaynerchuk launches the famous Scotch whiskey brand Johnnie Walker to Web3. VeeFriends’ “Gift Goat” NFT will have access to an IRL luxury gifting experience that includes:

  • A specially designed Johnnie Walker Blue whiskey set with limited edition Blue Label bottles and drinking accessories.
  • Exclusive activation at VeeCon, the world’s first NFT ticketed conference.
  • The 555 Gift Goat tokens in circulation offer their holders 18 luxury gift experiences curated by Gary Vee over three years.

Collaboration this year VeeCon NFT-ticketed conference May 19-22 in Minnesota.

DoggTalk NFT — Holding

DoggTalk NFT offers multiple IRL utilities with retail discounts of up to 50 percent and exclusive access to premium products including:

  • Exclusive Limited Edition Bourbon by Striped Pig Distillery.
  • CBD Blenders By Royalty Spirits.
  • Queen & Pharaoh’s Cannabis Delta-8 CBD products.
  • A cannabis brand with CampNova has been paired with a delivery partnership with YamsDelivery.com.
  • Exclusive access to exclusive tasting experiences in spirits and other consumer packaged goods in partnership with DoggTalk.

Also, DoggTalk NFT is currently publishing samples of them. IRL utilities With potential NFT collectors through their whitelist and community by giving Slipknot and Cypress Hill concert tickets and the Knotfest Roadshow. The show, in partnership with CampNova and Heavy Grass Cannabis Brands, will take place June 18 at the North Island Credit Union Amphitheater in Chula Vista, Calif.

Ape-In Productions

Ape-In Productions, AIP, is the first NFT-based record label with signed artists and released music. More recently, founder and Grammy-winning super producer Timbaland and his associates, as well as BAYC collectors, released TheZoo’s first music video, “Apesh!t.”

TheZoo is a hip-hop group made entirely of BAYC characters. The song and video “Apesh!t” features cameos from Lincoln Aperaham, Safari ‘Rari, Oro Blanco, Kid Kalahari, MoMoney, Wurdz Smith and Congo, as well as other Bored Apes and Mutant Apes such as Jenkins the Vale. , a well-known Bored Ape signed with Creative Artists Agency (CAA). Timbaland produced the track and it was also released along with the AIP label originating NFT.

According to CEO Jonathan Tenenbaum, Provides AIP NFT owners access to music and the arts, as well as access to the AIP community, merchandise, talent competitions and other privileges such as the “Talent Pool” that gives NFT holders the opportunity to use their NFTs in AIP projects.

Bored & Hungry — The First NFT Restaurant

People waited up to four hours to be the first food group on April 9 to curl up in neighboring streets, on Seventh Avenue in Long Beach, California, eat an ice-cold Coke in a Bored Ape glass, a hamburger and fries. also first NFT to IRL restaurant in the world.

Bored & Hungry is part of the Food Fighters Universe, an NFT-supported restaurant group founded by Andy Nguyen, a key restaurateur along with Kevin Seo and Phillip Huynh.

Nguyen and Seo built a brand by integrating the digital art of their NFT and covering restaurant walls and food packaging with IP artwork from BAYC and the Mutant Ape Yacht Club. By connecting Food and Web3 to their NFTs, Bored & Hungry gives access to metadata to those who are only interested in a good meal.

At first, Bored and Hungry’s initial plans were to become a 90-day pop-up restaurant, but after its opening, it became a permanent spot in Long Beach, California, and became an overnight LBC staple.

And although the hype around NFTs may seem like just that – the hype, blockchain innovators and creators already reaching a global market size of $41 billion, proving there is room for more than just creative jpegs and quick monetization schemes. The NFT market is rapidly expanding and changing, providing collectors and investors with new and diverse NFT uses.

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*All investment/financial opinions expressed by NFT Plazas are taken from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to thoroughly research any product before making any investment.

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