Here are the top NFTs with Utility [Updated List]

David Bailey, Sander Gansen

2022-01-31

NFTs

NFTs with a utility are the future of the NFT space. Our team strongly suggests finding projects with utility because they carry real-world and quantifiable value.

Yes, specific projects carry no utility and have increased value for the holders. Still, these cases are much slimmer than the media portray.

At the time of writing, there are over 23 million assets for sale on the world's largest NFT marketplace, OpenSea. Not all these assets will be appreciated, especially as the NFT universe is ever-expanding and immense.

What is a utility NFT?

An NFT assigns a use to the digital asset outside of owning a piece of artwork. A utility NFT can be where someone receives a physical piece of art that matches the NFT they purchased; it could be unique access to an event, exclusive in-person memberships, or future use in the digital world (think within a game).

Projects that define themselves in the utility range are their ultimate use. There are examples of utility where you buy an NFT and receive hand-painted artwork; some offer exclusive events, use in a digital world (think gaming), or towards a real-world project building element (like the WOF Labs project).

Everyone wants the next Crypto Punk or Bored Ape Yacht Club, but the likelihood of finding and obtaining a high-flying NFT is quite slim. The team at Supplain suggests focusing on NFTs with utility, purpose, and a strong community (like ours). You cannot go wrong investing in a project with solid real-world value. Hopefully, the NFT will increase in value, justifying the investment.

Here are the top NFTs with Utility

Gaming/Metaverse

Racing arena

World of Freight (WOF) - Racing game with ground, water, air & space-type vehicles. All NFTs passively generate $WOF tokens that are usable for customising & upgrading the vehicles. The community is also building a real-world supply chain blockchain, Supplain.

Fractal - NFT Gaming marketplace launched on Solana by a Twitch co-founder. Within a matter of days, they attracted over 100k Discord members. The Fractal team consists of Ecommerce specialists from platforms including XPD Media, Google Drive, Fast, Shopify. The first 100k members get airdropped genesis NFTs to Discord that game developers can utilise, giving the NFT holders special access to in-game content, secret levels, characters, and much more. Different rarities yield better access.

Metakey - Four different collections starting with Genesis Editions. Keyholders can access special perks, material, characters, discounts, and airdrops across multiple platforms, blockchains, and games. A really cool example is the key access to unlock a secret door to an exclusive clubhouse in Decentraland. Unique outfits are also available in Decentraland.

Niftyville - open-world style gameplay akin to a GTA metaverse - creates a new life in-game, explore the town, drive around the backcountry, go to shops, and meet friends; the possibilities are endless in Niftyville. By starting up businesses or shops, it is possible to earn passive income, with some in-game NFTs are available to get IRL. For example, VIP NFTs are sold to whitelist for exotic car NFTs. The rarest one minted will receive a #LAMBO! IRL! Staking available.

Gaming/Items

Axie infinity - The game that propelled play-to-earn video games into the spotlight.

Illuvium** - An open-world RPG adventure game built on the Ethereum blockchain where players quest to hunt and capture deity-like creatures called Illuvials.

NeoTokyo - A multiplayer tactical first-person shooter featuring visceral and realistic combat in a futuristic setting. Released for Steam in 2014.

Zed.run - A provably fair digital horse racing game built on blockchain technology. Create and manage your own stable. Built on Polygon.

CryptoManga - 5,555 NFTs that represent digital ownership pseudonymous shells/identities existing in Deathless City, a post-civilisation world. Play as these characters along with their story.

TreasureDAO - Treasure bridges the growing network of metaverses through an open and composable approach to the convergence of NFTs, Defi, and gaming.

Loot - A project consisting of 8,000 NFTs full of words that depict "randomised adventurer gear" such as items commonly found in games like Dungeons & Dragons. It is the first community-owned NFT gaming platform with limitless potential and applications using the metadata parameters of each NFT.

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Fashion/Luxury Goods

CloneX - Created by RTFKT, the team behind creating digital fashion NFTs usable in the metaverse. They have developed the ability to forge NFTs to create unique physical sneakers (they even sold sneakers to Nike). CloneX owners will receive ownership of metaverse avatars with full 3D files. Customised content and items can be created for their avatars usable in many different worlds and metaverses. Clothing and other items can also be created IRL.

Jigen- NFT gateway for fashion and luxury items, bringing IRL items into the metaverse. GGG gives the ability to digitise and track a product's entire life cycle, putting an end to counterfeit goods. Unlock a new liquid market for these items across different chains. Features a utility coin for staking—first exclusive NFT drop in 2022.

Arianee - An open-source protocol bringing NFTs to IRL luxury items. It gives digital life to physical products and the ability to claim/verify ownership of high-value luxury items, plus a market for selling them.

Fine Art/Blue Chip Fractionalisation

Funky Monkey Frat House- Created by Frank Miller (well-known DC Comic Artist) on an artist incubator platform. NFT holders get access to the POOL PARTY liquidity pool and trading platform (described as a 401K for NFTs, where holders can access blue chips through the pool along with revenue share on the Starship game + investing DOA for early holders).

 

Eternal Royals - Art-centered project created by well-known digital artist Jesse Johnson. NFT holders get access to special discounts and art airdrops. Holders can also choose to have a 1:1 IRL canvas print of their NFT that can never be printed again, both unique digitally and IRL. Once printed, the actual NFTs metadata changes and gains a visual property change to signify the 1:1 has been printed.

Gambling/Sports

Coinleague - Fantasy crypto gambling and NFT platform on Polygon. Similar to your popular fantasy sports leagues/contests. Only this time NFT holders receive a revenue share from contest fees and special contest perks.

Slotie - Your ticket into the largest and fastest-growing casino network, also known as 'DEFI gambling.' NFT holders get IRL benefits at 150 casinos worldwide. Plus, holders get revenue share, rakeback, staking, and breeding new machines generating even more yields.

Autograph - Sports-based NFTs on Polygon that give fans access to their favorite players with unique interactions, meet-ups, individually signed editions, and much more unique content. Featured icons include Tom Brady, Tiger Woods, Naomi Osaka, Derek Jeter, Wayne Gretzky, Tony Hawk, Simone Biles, Usain Bolt, Rob Gronkowski, with more added all the time.

NBA Top Shots - Collect and trade officially licensed NBA digital Moment Collectibles, made by Dapper Labs.

UFC Strike - Another Dapper Labs project that features collectable NFTs from the UFC. The launch was less than ideal.

Sorare - An NFT based fantasy soccer game/marketplace where one can buy, sell, and manage a virtual team with digital player cards.

LinksDAO - Creating the modern golf and leisure club through two membership tiers, Leisure and Global.

Unique/New Idea

Pawn Protocol - Open source non-custodial liquidity protocol for loans backed by high-value NFTs. P2P lending/borrowing on Ethereum. Establishes a functioning credit market that is greatly needed to serve the asset class.

PFP

CryptoPunks - Launched in June 2017 by Larva Labs. It has quickly grown in popularity to be known as the most prestigious NFT to date.

Bored Ape Yacht Club - Created by Yuga Labs, BAYC has skyrocketed in value as more celebrities flock to it. The project has generated more than $1 billion in sales.

Doodles - Launched in October 2021 by artist Scott Martin aka Burnt Toast. The closed community pre-mint idea was a unique start to the project and rewarded early Discord members. Many projects follow this model now.

CoolCats - Another blue-chip PFP NFT, created in July 2021.

World of Women (Wow) - A community celebrating representation, inclusivity, and equal opportunities for all.

CryptoCoven - "It's the season of the witch."

Identity

Unstoppable Domains - Web3 decentralised infrastructure, own your domain and build decentralised websites within it.

Ethereum Name Service (ENS) - Similar to Unstoppable Domains, living primarily on the Ethereum blockchain

NFT ownership-based Governance

Snapshot - Essentially a decentralised voting system providing gasless, easy to verify, and hard to contest results.

Ticket/Token Gates

FWB - Friends with Benefits is the ultimate cultural membership to the world's most popular Web3 artists, operators, and thinkers. To join, you must hold $FWB tokens.

MeebitsDAO - Aims to create a vehicle for funding innovative projects to develop the ecosystem around Meebits.

Whaleroom - Helping to provide the best experiences for your community via token-gated rooms to discover new ways to interact and engage with your holders.

Defi

fractional.art - Provides the ability to own fractional pieces of popular NFT art. Allows the smaller holder access to these markets.

YGG - Yield Guild Games allows for access to fractionalisation and defi for gamers.

NFTx - Gives the ability to create, mint, and trade NFT-backed tokens.

PWN Finance - PWN is a hub for peer-to-peer loans backed by collateral coins and popular NFTs.

Investment

PleasrDAO - Is a collective of Defi leaders, early NFT collectors and digital artists who have built a formidable yet benevolent reputation for acquiring culturally significant pieces with a charitable twist.

FlamingoDAO - Flamingo aims to support, purchase, archive, collect, and potentially tokenise essential pieces of the NFT ecosystem.

VitaDAO - VitaDAO is building a global community of longevity scientists and enthusiasts discovering and funding the most promising research. It is also financing, researching, and collectively supporting promising areas of longevity.

Science/Research Fundraising

DNA Test by Nebula Genomics - The complete DNA testing enabled by Whole Genome Sequencing while holding your privacy as a top concern and feature.

Molecule - Connects leading researchers to investors by turning intellectual property and data into liquid assets. It aims to accelerate the process of bringing novel therapeutics to patients.

Wearable/Fashion/Brand Marketing

Dematerialised - The purpose is to converge and nurture the emerging digital fashion ecosystem providing viable new revenue streams and visceral experiences with a Web3 marketplace for authenticated virtual goods.

NIKE/RTFKT - Uses the latest in-game engines, NFTs, blockchain authentication and augmented reality, combined with manufacturing expertise to create one of a kind sneakers and digital artefacts. Bought by NIKE.

NFT Gallery/Curation

jpg.space - Bringing together curators, collectors, and creators through a protocol focused on NFTs. Users can create their own exhibitions of any Ethereum based NFT.

Showtime - Another Web3 social network to show off NFTs, photos, and videos.

Music

Royal.io - Invest in artists and share their success. Musicians can sell royalty ownership in their songs and give collectors access to special perks.

Food

Restaurant Flyfish Club (FFC) - The world's first member's only private dining club where membership is purchased as an NFT. Holders gain access to their restaurants and various culinary, cultural, and social experiences.

Arts (Curated)

SuperRare - Think of Instagram meets Christie's. Marketplace for unique single-edition digital artworks.

KnownOrigin (KO) - Discover, collect, and invest in rare, limited edition digital artwork.

Foundation - Platform aims to build a new creative economy - a world where creators can use the Ethereum blockchain to value their work in entirely new ways and build stronger connections with their supporters.

Niftygateway - A marketplace and a custodial platform. Allowing storage of NFTs in a secured platform wallet powered by Gemini's state-of-the-art custody technology. This also means gasless sales and transfers.

CoinbaseNFT - One of the leading crypto exchanges, have now created its own marketplace for buying, selling and trading NFTs.

Arts (Open)

Opensea is the most popular open NFT marketplace, although it has its fair share of drawbacks and complaints. It continues to break sales volumes and records. $3.4 billion of volume was achieved in August 2021.

Rarible - World's first "community-owned marketplace."

Makersplace - Another open marketplace option

LooksRare - Created during a frenzy of free airdrops/claimable tokens, LooksRare attempts to dethrone Opensea as the premier marketplace for NFTs.

Art (Traditional Auction House)

Christie's Encrypted - Famous for the record $69 million sale of Beeple's "Everydays: The First 5000 Days" in March 2021 that ultimately released the NFT bull market frenzy.

Sotheby's Metaverse - A collaboration between Hackatoo, NFT Studios, Sotheby's and AMD involving a generative PFP project that evolves over time through interchangeable art pieces. Queens+Kings.

Virtual Land/Metaverse

NFTWorlds - Metaverse featuring 10,000 unique worlds using Minecraft open-source software at its base. A growing number of projects are building out worlds for their user base, including BAYC.

The Sandbox - Another very popular metaverse acquired by rising Animoca Brands in 2018. Companies like Adidas have purchased plots of land here to build experiences.

Decentraland - The virtual destination for digital assets. Likely the first uber-successful metaverse in the world that really highlighted the blossoming industry.

Pavia - Cardano's first-ever digital world. 100,000 land parcels.

Cornucopia - Another Cardano project that is a massive play-to-earn, build-to-earn, and learn-to-earn metaverse game.

Bloktopia - This is a futuristic Skyscraper metaverse land made up of 21 levels brought together by Animoca Brands, Polygon, Avalanche, Dextools, and many more high profile investments.

LIST TO BE CONTINUED….

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