The application areas of NFTs include:

Digital Art: Artists can create and sell unique digital artworks.

Collectibles: Creating rare digital collectibles.

in-game Items: Representing items within games, such as equipment and skins.

Music and Video: Musicians and video creators can sell their works.

Virtual Real Estate: Representing land, buildings, and other virtual properties in virtual worlds.

NFTs provide a new source of income for digital content creators and new investment opportunities for collectors and investors. However, they also face challenges such as environmental impact and copyright disputes.