Beyond the Buzz, NFT Utility for Small Businesses

05/27/2021 CST • Workshop Room 2

NFTs are setting massive price milestones in the art world. While art collectibles and digital gameplays are generating quite the buzz, we have just started to scratch the surface on NFTs’ actual utility value within the business realm. As the market gets heavily saturated, it’s important for NFT startups and creators to focus on blockchain technologies’ real-use cases and for small businesses to know how to implement them. For starters, businesses can utilize NFTs for inventory management, special offers, software licensing, physical product sales, and more. It's important to know the risks as well as the potential rewards but in the end, utilizing NFTs can be a great business move to open the door to more opportunities to make money and grow your business.