Is NFT Utility a Challenge? Learn How Cocky is Setting New Standards

cryptonews.com:

Non-fungible tokens (NFTs) continue to attract special attention within the cryptocurrency sector, even though the initial hype surrounding them has subsided a little, and even though crypto continues to suffer its way through a bear market. After Collins Dictionary made non-fungible token its word of the year in 2021, the burgeoning NFT sub-sector continues to grow steadily, with trading volume still topping half a billion dollars per month.

However, while NFTs still manage to sell for large sums, finding a genuine real-world use case for non-fungible tokens remains something of a conundrum. Musicians and bands have released albums in conjunction with limited-edition NFTs, while names such as Bored Ape Yacht Club are branching out into new areas, yet it's arguable that non-fungible tokens have yet to find a 'killer app' that provides actual utility to their holders.

This is a valid criticism, but it's one that may not remain valid for much longer. Significant players within the music and gaming industries, for instance, are convinced that NFTs have a meaningful future within their sectors, and there's one new player within the music and entertainment that serves as a good example of this.

This is Cocky, a self-styled "lifestyle club" that uses NFTs to offer access to a variety of music events, both in-person and in virtual reality. By linking non-fungible tokens to the attendance of actual events, Cocky anchors them in the real world, ensuring that they will have value insofar as they refer to something other than themselves.

Launched only a few months ago, Cocky aims to use NFTs in a variety of interesting ways in the context of live (and virtual) music events.

At its most simple, Cocky will issue a collection of 10,000