The different types of NFTs

7 min readJan 31, 2023

Introduction

Now that the Non-Fungible Token (NFT) craze has subsided, we’re seeing many new niches and use cases for these types of tokens. In this post, I’ll be exploring 20 different types of NFTs that you can build into your next blockchain game!

Sharable NFT

Sharable NFTs are NFTs that can be shared.
Example: Cryptokitties. This is a game where you can collect and breed digital cats, which are stored on the blockchain. Each cat has its own unique set of attributes and features that make it valuable to some people more than others — and if you’re lucky enough to have a rare or special one, then it could be worth thousands of dollars! But what if someone else wants to buy your cat? Well, thanks to Ethereum’s smart contracts technology and its ability to store data about an asset (like who owns what), Cryptokitties is able to offer something called “Sellable Genes.” This means if I want my kitty to breed with yours but don’t want them anymore myself after all these years together…I can sell them off so they’ll never belong solely in my possession again!

Multi-Fractional NFT

Multi-fractional NFTs are a special type of NFT that allow you to split your token into fractions. Each fraction can then be owned by different people and reassembled at any time by the owner.

In addition to being able to share a single NFT with multiple people, multi-fractional NFTs also allow you to sell fractions of your token without having to create new tokens or create new contracts on the blockchain (which would cost money).

Referable NFT

Referral NFTs are a type of NFT that can be referred by other users. This means that the owner can share their referral links in social media, email and more to promote their NFTs to a wider audience. Referral links do not expire; however, they can only be used once per user account on the blockchain.

Refundable NFT

Refundable NFTs are a type of NFT that can be traded for the full value of the item, even if the item is later destroyed. The most common example of this is when you buy an in-game skin and then decide you don’t like it and want to get your money back — but there are other examples too!

Refundable NFTs may also be known as “burnable” or “burnable items”, which refers to their ability to be destroyed by their owner at any time (and thus refunded).

Lockable NFT

Lockable NFTs are similar to physical lockable items, with the added ability to store digital assets. They can be used as a safe and secure way of storing your crypto-coins.

Latent NFT

A Latent NFT is one that is not visible in the game. It’s a virtual item or asset, but it does not have a visual representation.

For example, if you bought an NFT from another player and then learned that there was no way to transfer it from your inventory — you could no longer use it on any other account.

Let’s say you purchase an item from someone else through Neocash Cards (NC). The NC will go into your inbox where it stays until either:

You cash out or sell them for real money (or if they’re still active), at which point they’ll disappear forever; OR
They expire after 45 days (this may vary depending on how rare these items are)

Ownership NFT

Ownership NFTs are the most common type of NFT. An ownership NFT represents a real-world item, such as a car or piece of art. These tokens allow users to buy, sell and trade these items on secondary markets.

Membership NFT

Membership NFTs are a type of NFT that allows you to access a specific service or experience. Examples include museums, restaurants and concert venues. Membership NFTs are often non-tradable because they’re designed to give you access to something that can’t be bought or sold (like an exhibit at a museum).

Subscription NFT

Subscription NFTs are like a subscription to a service or product. For example, if you have an Amazon Prime account, you pay a monthly fee for access to Amazon’s content library. Subscription NFTs could be used for digital services like this as well as physical products (e.g., Netflix).

Non-Tradable (Soulbound) NFT

Non-tradable (soulbound) NFTs are a type of NFT that cannot be traded or sold. They can only be transferred to another account owned by the same user and then used in their game. These types of NFTs often have restrictions on where they can be used, such as requiring a certain level before you can use them or only being usable during specific periods of time.

Non-tradable items are often given out as rewards for completing tasks or achievements within an ecosystem, but there are other ways they can be distributed too! For example, if you’re a developer who wants your users to have access to special items in their games but don’t want them selling those items on secondary markets or trading them between friends who haven’t yet played your game — a non-tradable item may just be what you need!

Time-based NFTs

Time-based NFTs are a type of non-fungible token that can be used to represent an event or a moment in time. They’re not tradable, but they can be redeemed for an experience or product related to the associated event. For example, if you have a ticket for the Super Bowl and want someone else who doesn’t have one to go with you instead, then this would be considered as redeeming your NFT.

Time-based NFTs are not only limited to sporting events; they can also represent concerts and other entertainment events as well as festivals like Coachella or Burning Man!

Multiverse NFTs

Multiverse NFTs are NFTs that can be used in multiple games, but not all games.

An example of a multiverse NFT is a unique weapon in one game that can be used in another game.

Physical/Real World Asset-Backed NFTs

There are many types of NFTs that can represent real world assets in a digital form. But there are also physical NFTs, which are different from traditional collectibles because they have real world value. Some examples include:

CryptoKitties — these kitties have been sold for over $100K apiece and have become known as the first mainstream crypto collectible
CryptoPunks — this game lets players design their own punk character, who will then appear on the Ethereum blockchain forever (and you can trade them with other people)
Rare Pepe Cards — these cards were created by Matt Furie and released under Creative Commons license; anyone can use them however they want!

Digital Receipt NFTs

Digital Receipts are a type of NFT that can be used to represent a physical object or service. They are non-fungible and non-unique, but not transferable.

Digital Receipts work much like other types of NFTs in that they’re digital representations of an asset (like a car) or some form of service (like food delivery). The main difference is how they’re stored on the Ethereum blockchain: instead of being stored locally on your computer, these transactions are recorded via smart contracts which allow anyone else who knows how to read them access them as well!

Redeemable NFTs (coupons, tokens)

Redeemable NFTs are a subset of tradable NFTs. They can be sold for money and redeemed for a service or product. Redeemable NFTs typically have a specific purpose and are used as coupons, tokens, or tickets to access an experience. Some examples include:

Tickets to concerts or sporting events (e.g., concert tickets)
Gift cards (e.g., Amazon gift cards)
Digital subscriptions like Netflix and Spotify

Composable NFTs (collections, card packs)

Composable NFTs are a collection of different NFTs that can be combined to create new ones. These types of NFTs allow you to combine your favorite items into one single item, giving you more flexibility in how you use them.

Examples include:

Card packs — collectible cards with an attached rarity and value that increase when you complete sets
Collection boxes — similar to card packs but with a different set of criteria for completion

Rentable NFTs

Rentable NFTs are a new type of non-fungible token (NFT) that allows users to rent out their digital collectibles for a period of time. The first example of this was CryptoKitties, who introduced their own version called KittyVerse in April 2019.

The concept is simple: you can buy an NFT, sell it on an exchange or trade with other users through marketplaces like OpenSea or Rare Bits. But now you have another option: renting out your digital items for profit!

Nested NFTs

Nested NFTs are a type of NFT that can be used in a game to represent multiple levels of ownership. They can be used to represent ownership of an item, which is itself owned by another item.

For example: you own an apple tree and I own the land it grows on. Together we decide that this makes sense within your game’s universe and create nested NFTs for each item (the apple tree and land), along with an owner list on each nested token representing who owns what part of the tree/land combo.

Mortgage NFTs

Mortgage NFTs are a type of digital asset that’s tied to the ownership of an asset. They allow people to buy, sell and trade their homes without having any equity in their home.

In order for a mortgage NFT to work, there must be an agreement between two parties: one who owns the property (the “owner”) and one who holds title (the “holder”). The holder will then hold onto this asset until it is sold or traded by its owner at some point in time. The holder may also choose not hold onto the title at all — in this case, it can be claimed by either party whenever they want!

Dynamic Content (Ephemeral) NFTs

A dynamic NFT is one that changes over time, such as the price or availability of an item. A dynamic art piece can be limited in its lifetime or only available for a limited amount of time and then it becomes unusable. For example, you could buy an original painting by a famous artist but after 30 days it will no longer be available to purchase.

Conclusion

We’ve just scratched the surface of what’s possible with NFTs. The next few years will be exciting times for creators, developers and users alike as we see what kind of new experiences they bring us.