NFTs can represent physical and digital objects. For example, the NBA is tokenizing clips of the biggest plays in basketball history and selling them for a fortune — and they get a 5% cut of all secondary market transactions — just another benefit of NFTs for their creators.
The cryptopunks are tokenized images of 24 x 24-bit avatars. There are 10,000 cryptopunks in total, each one uniquely identifiable and boasting an average sale price of $15,000. There are 9 aliens, 24 apes, 88 zombies, 3,840 females and 6,039 males — each randomly generated with a unique set of attributes that also vary in rarity. Only 44 cryptopunks have the “beanie” attribute, making them instantly more valuable than 1 of the 332 that have VR goggles.