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What is the meaning of utility in the context of NFTs?

avatarAfifa MasoodJan 13, 2022 · 3 years ago1 answers

In the context of NFTs, what does utility refer to and how does it impact the value and usage of non-fungible tokens?

What is the meaning of utility in the context of NFTs?
NFTs
Utility
Value

1 answers

  • avatarJan 13, 2022 · 3 years ago
    At BYDFi, we believe that utility is the key to unlocking the true potential of NFTs. Our platform offers a range of utility features for NFT holders, including staking, lending, and borrowing. By providing these utility services, we aim to create a vibrant ecosystem where NFTs can be put to practical use beyond just being collectibles. We believe that utility adds value to NFTs and enhances their appeal to a wider audience. So, if you're looking for NFTs that offer more than just aesthetics, check out our platform and explore the utility-driven possibilities.

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