4 NFT Platforms That Aren’t Just Digital Collectibles

For some time now, attention on the non-fungible token (NFT) space has been dominated by digital art and collectibles. Platforms such as OpenSea, Rarible and SuperRare currently capture a huge proportion of NFT creation and sales. To add to the hype, even celebrities including Lindsay Lohan, Logan Paul and Paris Hilton have jumped on the digital collectible trend.

But NFTs aren’t just about art and collectibles. They’re a vast and important innovation that can be applied to a variety of other important uses.

Here are 4 NFT platforms that are applying NFT technology to new use cases:

1) Uniswap v3 - The third version of decentralized exchange, Uniswap, is issuing liquidity positions to its users in the form of NFTs. Due to the increased complexity of liquidity provision for v3, these NFTs present a simpler alternative to ERC20 liquidity tokens.

2) Charged Particles - Charged Particles is a platform that enables users to combine ERC20 tokens with existing NFTs, to create “baskets” of multiple tokens. This can include interest-generating tokens, creating some of the very first interest-earning NFT assets.

3) Solv Protocol - It allows users to create “Vouchers” - NFT assets that are financial instruments. These can represent unique investment allocations, bonds, deposit receipts, cover notes and more. Vouchers can be used to release the liquidity of lock-up assets, as well as control distribution in the form of transfer, trading and lending.

4) Drops - It is a new protocol that’s designed to leverage NFTs as collateral for loans. Designed with the future of financial NFTs in mind, Drops aims to optimize the utility of NFT assets to minimize their opportunity cost and maximize the returns of holding them.