NFT Collectibles: What are they?

Posted by Micah Balazs on

"Collectible" NFTs can be similar to digital collectibles, but there is a fine line between collectibles and the art segment, so how do we define what are and are not collectibles?

Collecting is above all a passion for many people, in theory, it’s possible to create a collection of just about anything: stamps, beans, perfumes, clothes, postcards, garden dwarfs..you get my point! 

 Digital collecting is now becoming categorized as “a new addiction” in the same way as compulsive shopping or cyberaddiction is.

Collecting requires being rigorous and setting clear goals before moving on to the purchase. This practice has existed since the dawn of time and has become an art. Thanks to digital scarcity made possible due to the blockchain, what do NFTs in the “collectibles” segment really represent to people today?

So, what are NFT Collectibles? We have seen several ways to develop projects around this segment, some have the sole purpose of serving as a collector’s item, others belong to other segments such as video games. 

Here are some projects and experiments that can be used as a reference to define this segment: Meebits, Bored Ape Yacht Club, Crypto Punks.

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