Use Cases for Utility & Programmable NFTs
Last Updated by Code Sport. Filed under ethereumOverview: Features of Utility and Programmable NFTs Code Sport Labs is building…
Code Sport Labs is building an industry focused ecosystem of programmable and utility NFTs. We view NFTs as containers of value.
Below is a non-exhaustive list of potential use cases:
Because NFTs are bound to smart contracts (and are programmable), they may be used as primitives to provide cash flow entitlements, Blockchain‐based credentialing, proof of provenance (origin), proof of work (completed labor), and proof of attendance (of events) for individuals in real life scenarios.
Programmable NFTs have multiple uses cases. To illustrate:
tokenURI
via the _setTokenURI()
function. 1Proof of Attendance Protocol (POAP): Technical information on POAPs may be found here
2Access Control Functionality: For example, holders of an NFT could have exclusive access to gated web or real life communities. Or access to purchase member-only real world items (physical memorabilia, goods, or even services).
3Non-transferable NFTs: Use cases for non-transferability would include diplomas, credentialing and certifications as well as POAPs. And, although non-transferability is currently not supported on any EVMs, Vitalik supports the need this functionality.
4Dynamic NFTs: Are React Apps that change state and pull in real time data by connecting to an API. To facilitate feature updates, the metadata JSON file is typically self-hosted and not pinned to IPFS. Chainlink offers an explainer in What is a Dynamic NFT.
LameloBallNFT.sol
and ECNFT.sol
, there are 3 classes of Dynamic NFTs based on tokenId
range. For example, the silver class begins at tokenId
5015Interactive NFTs: These are React Apps (or HTML5 Canvas apps) that change state based on user clicking prompts or buttons within the NFT. Unlike Dynamic NFTs, they do not pull in real time data. As with Dynamic NFTs, the metadata JSON file is typically self-hosted and not pinned to IPFS.
animation_url
key points to an iframe. The iframe then embeds this React App6Containerized NFTs: Charged Particles has innovated this concept.
Charged Particles is a protocol that allows users to deposit ERC-20, ERC-721, or ERC-1155 tokens (ANY tokens) into an NFT
— Charged Particles Documentation