What Are Utility NFTs?

As utility NFTs have evolved, they’ve also presented new ways to provide holders with digital access to events and platforms. Americana, for example, is an online marketplace for physical collectors seeking luxury items, similar to resale sites like Grailed or StockX. To buy or sell items with Americana, users are required to hold a Something Token (their native NFT) to signify their membership to the ecosystem.

Source: https://www.coindesk.com/web3/2022/11/16/what-are-utility-nfts/?utm_medium=referral&utm_source=rss&utm_campaign=headlines