Vechain (VET) Community on 101 Use Cases For NFT

VeChain is a fully programmable, L1 smart contract platform that connects public blockchain technology to the real economy with its innovative green tech, a robust governance structure, and the high scalability of the POA consensus mechanism.

Sunny Lu, VeChain expressed:  VeChain has been exploring NFT use cases including the Green Pass for San Marino with eNFT protocols. Although we can the heat has been rising everywhere especially with the celebrity effects, I am still grinding more NFT utilities and values. Any ideas from VeFam?

The community contributed their share of ideas.

Community Response:  Email fraud/phishing. If I do business with an online shop, and there is a courier involved, it should be obvious that whoever is contacting me is one of those two parties.

Music concerts, big sport games – making tickets as NFT’S with future utilities, like NFT holders can get cheaper fan merchandise.

NFT tickets is a gigantic use case.  Most govt docs will/can become NFT’s, ID cards, marriage certs, car reg, etc,  NFTs will enter into the marketplace usefully for things like car titles (pink slip), sports/event tix and the music industry minting a song would be similar to buying it from iTunes back in the day.

NFT homes for those that purchase homes through crypto mortgage companies. Hear me out, right now we need to get “title insurance” in case someone claims that they have a title to your home. But what if the title was transparent on the blockchain? This threat would be obsolete.

What about NFTs in sports, where winners receive gold NFT with winning results, match info etc. First it would be easier to implement in eSports / gaming industry, gamers would have trophies from tournaments in their NFT Hall of fame. NFT for anything where ppl compete 4 some goals?

You have a partnership with Shanghai Gas, correct? Think of all the data that can be tracked and verified when focusing on their maintenance program. Changing one’s maintenance program from time base to condition base has huge benefits. Let me know if you’re interested sunny.

It really is about partnerships. If you can convince toy companies (e.g. hasbro) to have an individual toy/collectible NFT it would increase their likelihood of a physical purchase. Its what drives the collector card industry.

Here is an idea from me; Live stream video NFTs. As an example, something along the line of twitch streaming is creating NFT for the video as it is streamed and it can be shared in other platforms as NFT. Ownership, financials and fact checking can sit on the NFT base.

I would like for the Olympic games. Each medalist receives a unique NFT QR Code on medal.

NFTs has many potential – I am think about collaboration of Dress design and NFT, that NFTs can use for avatars in many projects and also buying physical dresses by owning NFT! In this way talented designers will have a great opportunity to show their artwork and gain money.

Use NFT that represent documents to be signed that can be sent back and forward so that only one document can be signed by all the parties involved without the need of printing and scanning all the time.

Ownership of reports and medical records in NFT format. Saving costs in data protection law for hospitals and clinics and giving the possession of their data to the patient.

What about the use of NFT’s in the music space. Nas sold NFT’s as a part of his most recent release and Blackstar is looking for a creative way to release their most recent project.

NFTS for IDs – driving license, passport, etc Studies – Degrees – bachelor, grades sheet – exam result Credit cards Patents Vaccines reports / sheets Blood type Allergies (or any other medical conditions)

Dynamic NFTs that use oracles to communicate with and react to external data and systems: For example, a smart contract that automates the minting of a limited-edition digital soccer card if the oracle informs it that a player scored a hat-trick.

NFT for LV and other luxury brands in connection with their luxury items and their upscale customers. Brand and exclusivity – is the essence of luxury. And NFTs can serve that in many ways.

NFT’s of celebs / athletes / musicians / Twitch live streamers / Twitch emotes / sports teams that function similar to VIMworldGlobal.  items within mainstream video games. This creates tangible assets for gamers who have given years to a game. People love emotes/badges etc.

NFT Copyright for videos. Its a huge problem for both small and large producers. Same could be said for novels, collector cards, patents and code (e.g. github), etc.

Basically, every receipt could be an NFT in the blockchain, thus proving ownership.

Nfts for sports players autographs verified via the blockchain for authenticity.

NFT with the ability to upgrade or modified or attached/remove functions. This will allow developers to play around and make something out of it.

All of DHL packages can be NFT’s on the blockchain to be tracked and verified for its owner

What about clinical history for pets? It could be a cool use case.  People that relocate from one country to another would use it.

In turn Sunny Lu replied, thank you All for loads of ideas which are amazing and convincing. In summary, Identity (ownership) and data free-flow attached to NFT is trending. Sure, there will be also loads of tools and projects to get those on the ground to start. Brew your ideas and join us to build.

It just looks like the VeChain community understands how NFTs can be put to use for good.  They have already done a great job in Supply Chain – we need to see what they are going to present with NFTs.