noun
Internet Slang
utility
yoo-TIL-ih-tee · noun · informal
The real-world perks or use an NFT grants its holder.
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Definitions
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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?”
by community
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utility In A Sentence
The art's fine, but wen utility?
Origin & Usage
NFT-project term to justify value via functionality and perks.
People Also Ask
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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