Internet
utility
What does utility mean?
The practical benefits attached to holding an NFT — access, rewards, memberships, games or IP rights — beyond the image itself.
"The art's fine, but wen utility?"
Origin
NFT-project term to justify value via functionality and perks.
Frequently asked questions
What does utility mean for an NFT?
Utility is the practical perks holding an NFT unlocks — like access, rewards, memberships, games or IP rights — beyond just owning the image.
Why do NFT projects promise utility?
Utility is used to justify an NFT's value with real functionality, giving buyers reasons to hold beyond speculation on the art.
What are examples of NFT utility?
Common examples include token-gated Discord access, allowlist spots, airdrops, event tickets, in-game items and commercial rights to the art.
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