NFTs usage

NFTs are extremely flexible in their usage, from digital event tickets to collectibles to artworks, and while NFTs have a very wide spectrum of uses and categories.

• Gaming — players can use the NFT to trade their digital assets and earn more points or scores by playing video games. The tokens will be authenticated and verifiable to all the participants of a game. Users can utilize their gaming prowess to the fullest extent and generate revenue on a real-time basis. It can be used to buy weapons, vehicles, and characters. This can also establish a well-organized gaming marketplace in the future, where users interested in the virtual world will be able to purchase many games and compete actively.

• Artwork — Artists can also make use of NFT and showcase it to their potential customers. The token will contain all the details like the date of origin, previous history of ownership, information about the particular artist, and the assets’ total value. Artists can get the actual market value for their effort in the form of peer to peer payments and need not rely on the services of any intermediaries or third parties.

• Media and Entertainment — Piracy, copyright infringement, and plagiarism are significant challenges affecting the media and entertainment industry’s growth. NFT can use blockchain technology to prevent such fraud, making replicating ideas, and creative work impossible.

The XENO NFT Hub will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs traded against various crypto tokens as well as provide extra services such as auction listing, governance mechanisms, trade history tracking, user rating and more.