It turns out that this is the true benefit of NFT according to Enevti.com, Lisk and WalletChat

At the beginning of this year, NFT had become a boom because it was able to generate extraordinary profits in a relatively short time.

There are many people who only think of NFT as a “smart way” to get rich in the short term, regardless of its utility and impact in the long term.

The True Benefits of NFT

Highlighting this issue, in a community chat between Enevti.com, Lisk and WalletChat last Thursday (29/9/2022), they discussed the moment on Twitter Spaces by sharing their views on the current state of NFT and its true benefits.

A veteran in the crypto industry named “M”, who is the Founder of WalletChat, has highlighted several brands such as Starbucks, which has started a loyalty program for its customers based on NFT.

“This is very exciting news, they are a web2 company, exploring NFT in bear markets and not just NFT for speculation. It's not like a PFP type project where people buy it because the numbers go up, it's actually NFT for a certain utility, namely customer loyalty,” said M.

He also believes that this example of the usefulness of NFTs is just the tip of the iceberg, and the utility use cases of the unimaginable future utility of non-fungible tokens will go far beyond that.

In line with WalletChat Founder's view, Enevti.com CEO Aldo also highlighted the increasing utility opportunities of NFT.

“If you look at nansen.ai's research, especially in their Social-100 Index, we see that, while the NFT profile picture category decreased, NFT membership, access and utility in general increased 13 percent. To me this shows that utilities are becoming more and more relevant to the industry,” said Aldo.

He also believes that for NFT utilities to go mainstream, the real challenge is to build easy user experiences and real-world partnerships.

Not only that, Community Manager at Lisk, Andrew, mentioned several possible use cases of NFT, such as proof of achievement, certificate of skill from the university, voting records, domain names, digital art, tickets, identities, music rights, financial NFT, even NFT for medical room.

Andrew also highlighted some of the projects being built on Lisk, such as Everything-Fi, AgoraApp, Volaverse, Feat, Histopia and many more.

"It's encouraging to bring it back into this bear market, there is no situation of doom and gloom to build community," he said.

He concluded that this bear market is very different from the others, with interest coming from all over and this market showing signs of ending significantly.
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