NFT use cases
NFTs, or non‑fungible tokens, are unique digital assets that cannot be replaced with an identical asset. This article describes approaches and NFT use cases already implemented on TON Blockchain.
After reading this article, you will understand why NFTs are helpful and how to use them in your projects.
Item ownership
Non-fungible tokens are mostly known as cool pictures or Telegram gifts that you can buy and sell on NFT marketplaces like getgems.io.
NFT pictures and collections are funny and help people understand the concept of blockchain-based ownership. However, in the long term, the NFT focus should shift beyond this to illustrate their wide variety of potential use cases.
Support an artist
One of the initial motivations behind the development of NFTs was finding a way to support artists by buying their works packed as collections of NFTs stored in the blockchain.
In this way, artists could make money from selling new works and also from the royalties they would receive after the NFT was later resold on the market.
This is one of the most common reasons why marketplaces like getgems.io or OpenSea are part of the essential infrastructure of any blockchain nowadays.
Accounts as NFTs
In November 2022, the Telegram team launched the Fragment marketplace, where anyone can buy and sell Telegram usernames or Anonymous Numbers backed by an NFT on TON Blockchain.
Moreover, in December 2022, the Telegram team released No‑SIM sign‑up; you can buy a virtual phone number as an NFT to sign up for Telegram without a SIM card, using a number represented as an NFT on TON Blockchain.
Web3 Domain as an NFT
The TON DNS service works fully on‑chain; it allows users to buy domains in the format mystore.ton
(explore DNS marketplace) and ensures unused domains are returned to circulation by requiring the owner to pay a small, fixed fee to renew the domain.
NFT Telegram usernames from Fragment can also be used with TON DNS; note that yourname.t.me
is a Telegram link, not a TON DNS domain.
Use cases of TON domains
- You can set a domain to resolve to your wallet address, so a person unfamiliar with crypto can transfer money not to
EQDyo...zuDf
but to an easily readablemystore.ton
. - You can attach a TON Site to the domain; then, it will be accessible on TON Network under a convenient name.