Utility Program NFTs are digital assets that provide specific benefits or services to their holders beyond mere ownership. Unlike traditional collectibles, these NFTs are often integrated into a platform or ecosystem, allowing users to access features, discounts, or exclusive content.For example, a Utility Program NFT might grant the holder special access to events, voting rights in a community, or the ability to use certain applications. They can also serve as tickets or memberships, providing a practical function that enhances the user experience.These NFTs are created and sold on blockchain platforms, ensuring transparency and security. As interest in NFTs grows, many projects focus on adding real-world utility, making these digital tokens valuable for their purpose rather than just their aesthetic or rarity. This increases demand and engagement, as users seek tangible benefits tied to their digital assets.
Tether Settles $299.5 Million Claim With Celsius Bankruptcy Estate
Tether has paid $299.5 million to the Celsius Network bankruptcy estate, resolving a legal dispute that stemmed from the cryptocurrency lender’s