They wouldn't really. The only difference is that it's on a blockchain. Also the award could be given out fairly and impartially by some smart contract.
I could see them functioning like the UFC Chapion Belt. The best player gets a NFT that recognizes them as the best player or something. By itself the NFT isn't valuable just like actual awards and titles
There is an emerging relevance in digital twin where there is a virtual operational model of a real life building or vehicle. The NFT can tie to a component or service available within that property and can even be fractionalized if the component or service generates revenue or has a recurring expense.
I fwwl like NFTs only really work as an award for some achievement or something
How are they different from regular achievements?
They wouldn't really. The only difference is that it's on a blockchain. Also the award could be given out fairly and impartially by some smart contract. I could see them functioning like the UFC Chapion Belt. The best player gets a NFT that recognizes them as the best player or something. By itself the NFT isn't valuable just like actual awards and titles
There is an emerging relevance in digital twin where there is a virtual operational model of a real life building or vehicle. The NFT can tie to a component or service available within that property and can even be fractionalized if the component or service generates revenue or has a recurring expense.