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Extensions
Extensions add new capabilities to NFTs.
Extensions make NFTs feature rich. What an extension can do is only limited by developers' imagination. Below are some possible extensions:

DeFi extensions

  • Compound NFT - extension that allows the NFT owner to interface with the Compound protocol.
  • Swap NFT - extension that allows token swaps.
  • Lottery NFT - extension that allows participation in loss less lotteries.
  • Loan NFT - extension that allows owners to take out an interest free/self repaying/regular loan.
  • DEX NFT - extension that allows others to exchange assets with the NFT. Think of this as a mini Uniswap. The NFT owner keeps all the fees from trades.

Gaming extensions

  • Breed and Battle NFT - extension similar to Axie Infinity.
  • Twitter celeb NFT - extension that allows Twitter celebs to make use of their Twitter clout.
  • Battle royale NFT - extension that has game elements from the likes of Fortnite.

Others

  • Governance NFT - extension that allows owners to vote on governance proposals. Cam be specific to a protocol or generic.
  • Social media NFT - can you re-imagine your instagram account as an NFT? Each post is a mini NFT that is contained by the account NFT
Possibilities are endless.
Last modified 3mo ago