Best Utility NFT projects to Buy

1.Keys to the Metaverse

( get it HERE )

This project is working on a variety of impressive NFT utility. Each item displayed has a very unique concept and feel that it sports. Apart from the visual appeal, some of the utilities present in this NFT project are:

Music NFTs: We all know music is a category where billions of dollars are already transacted. And experts are predicting that music is the category that NFTs will be disrupting next. All this simply means that music already has a good utility to it that people are already paying money for everyday. The ‘Keys to the Metaverse’ project also has a set of Music NFTs launched for each Key in its collection. And the music tracks are incredible.

Programmable NFTs: One other NFT utility this project is working on is to make each of the NFT keys programmable. They will be launching an API layer using which any 3rd party application, game etc. can integrate the keys.

Cross chain bridges: The other item in their project vision is to build cross chain bridges. Such a bridge would bring cross chain compatibility to the NFTs. Owners will be able to transport their NFTs to destinations where there is a utility easily.

The ‘Keys to the Metaverse’ is for sure one of the best NFT projects with utility to invest in.

Utility NFTs to buy

best utility nfts

2. Zed Run

( get it HERE )

Zed run is for sure a smart NFT project. Quite old and matured project with good volume traded so far. While very other Play-to-earn project focuses on normal games, Zed run decided to gamify the real world horse race and bring the race to the Metaverse. Yes, its a interesting Horse race game on the blockchain. The only concern is the unlimited supply of NFTs ( that can stop the floor price from increasing ). Currently there are 214K items listed and the count will keep growing. The NFT utility in this project is the race and the money players win for winning. This is for sure one of the best NFTs with utility to buy. As in other Play-to-earn games like Axie infinity etc. the demographic of the target audience can be limited ( as not many grownups will like to play simple games ). But since Zed run has converted the present world horse race into a blockchain game, the possibilities are limitless. We all know in the real world horse race is played by young and matured audience. Even businessmen and rich people participate in horse races.

Apart from just racing your horses the platform also allows you to build staples and breed horses. As you breed, you can sell the baby horses and rent staples etc. And everything is an NFT.

NFT Utility project to buy

Img source: Screenshot from Zed Run Opensea listing.

3. NFT Worlds

( get it HERE )

One of the most practical NFT utility is available on virtual worlds ( ex: Decentraland, Sandbox, Somnium space etc. ). NFT worlds is a fast grwing project in this Metaverse space. The best utility nfts can have is to provide a passive income for its owner. The reason for us to add a virtual world NFT project in this list is the montly rental income one can earn in this space. The owner of a land or plot can choose to rent out the space for others. People are already renting out their parcels. Users who cant afford to buy the land or would want it only for a short period of time will choose to rent out an existing plot. This can be for a variety of reasons like setting up an exhibition, holding an event etc.

Also NFT worlds has an impressive roadmap that will make it minecraft compatible with a massive multi-player mode. Also the project has a massive social media following with an impressive 25K Eth of volume traded. It is one of the best nft projects with utility.

NFT Utility project

Img source: Screenshot from NFT worlds Opensea listing.

3. ENS: Ethereum Name Service

( get it HERE )

NFTs and the blockchain technology as a whole is all set to disrupt the world of domains and hosting. IPFS on one end is becoming a nightmare to the traditional hosting companies. More and more of online content is getting stored on the IPFS which includes web pages, executable code scripts. On the other hand the emergence of Decentralised domain names is making big moves. One such big player in the dex name space is ENS. The Ethereum name service breaks all boundaries set by traditional domain names. Removes the need for KYC, centralized control etc. With a ENS you can hold a domain name right in your dex crypto wallet and power it up from there. And with a dex website on IPFS you can actually have a domain name and hosting that cannot be controlled by anyone except you. ENS NFT collection is already big with partnerships and backing from some of the biggest heavy weights in the crypto industry like Coinbase, 1inch etc. When you aquire a ENS domain name, you hold it as an NFT that can be traded on NFT marketplaces. This is one of the best nft utility to have.

The downside to ENS is the un-limited supply. Each domain name booked becomes a new NFT that automatically becomes a part of the collection. This over-supply can stop the floor price from increasing. But nevertheless it is one of the top nft projects with utility to buy.

utility nft projects

4. JPEG Cards

( get it HERE )

On the first look, it just looks like a random collection of JPEG images with a message in each card. Doing a little bit of reading about the project reveals more fascinating stuff. The team behind the NFT project is trying to bridge the gap between Defi and NFTs. They are planning to do what MakerDAO did in the Defi Lending space, by replacing the crypto collateral with NFT collateral. But as we all the know the biggest problem with the still emerging NFT space is deciding what the value of the NFT is. Only then can you collateralize it for borrowing liquid assets ex: stablecoins. The JPEGd project is trying to address this issue by only allowing recognized NFT collection holders to borrow ex: Cryptopunks. And they plan to add more collections in future like BAYC, Dino Pals etc. The vision of the project also includes Music NFTs in the near future.

Owners of the NFT will be able to become part of the DAO that governs the overall policies and operations of the protocol. If pulled off properly, this can be a very good Utility NFT project. As this can actually add the most crucial liquidity aspect for NFTs. Currently there are 1000 items in the collection with a trade volume of 1.1K ETH. The floor price stands at 1.298 ETH. Jpeg Cards is for sure one the best Utility NFT projects to buy in.

Best Utility NFT projects to invest in

Image source: Screenshot from ‘Jpeg Cards’ Opensea listing

5. Ether cards founder

( get it HERE )

This is an interesting class of utility NFTs. While we notice all the other NFTs are static art, music etc. this collection is dynamic and up-gradable. Just imagine if your NFT can upgrade itself based on certain real-world events. That is what ECF is doing. For ex: You hold a NFT card of your favorite soccer player. Everytime the player hits a goal, you get a redeemable coupon code on your NFT card. How cool is that? these are dynamic NFTs. ECF is built using the decentralized Oracle network ( DON ) technology from chainlink protocol. It is a collection 10K dynamic utility NFTs with a trade volume of 3.3K ETH. One thing of concern for many collectors is the dynamic nature itself. While people buy NFTs for the solid state of the asset they get, the dynamic nature can make them think twice ( as the NFT can change from what you had bought earlier ). ECF is for sure one the unique nft projects with utility to check out.

We will keep updating this article more nft projects with utility.

FAQ:

What is the best possible utility nft projects can get?

The entire NFT space is very new and no one knows exactly where it is heading. Having said that the best NFT utility that can be present now is ample liquidity. The main problem faced by NFTs are the lack of liquidity. If anyone can solve this pressing issue, the space will blossom into a thousand beautiful flowers. The Cryptocurrency industry as such solved the liquidity issue with the introduction of AMM. This gave rise to dex exchanges like Uniswap for every protocol. The model is a hit because every party in the equation stood to gain something. Mainly the liquidity providers earned money as transaction fees and LP tokens. Similarly if NFTs got a new model to solve its liquidity crisis, it would be the much wanted boon for the vertical. As time passes we will soon see many nfts with utility. Also we will see innovative nft utility getting introduced.