Utility-First NFTs for Creators
Dave Nemetz, founder of Reverb Ventures, on the intersection of web3 and the creator economy
The shift toward utility meant NFT projects had to start acting like products, not trading chips. For creators, that changes the job from selling a scarce image to delivering something fans keep using, whether that is access, participation, or a collectible with an ongoing role inside a community. The closer an NFT gets to a real workflow or fandom habit, the more durable its value looks after speculation fades.
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Specialized platforms emerged because utility is audience specific. Art collectors want curation and provenance, gamers want items that work in a game, and brand fans want drops tied to merch or events. That is why vertical marketplaces can beat a one size fits all venue when NFTs move beyond simple flipping.
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The same pattern showed up in creator tools more broadly. The strongest creator businesses help fans do something concrete, buy a product, join a community, message the creator, or manage membership. In that frame, NFTs become one more monetization layer, but only when they plug into an existing fan relationship and not just a one time sale.
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The market later validated this reset. General marketplaces that depended on broad speculative trading weakened with the crash, while curated platforms tied to art, luxury, and higher intent collecting held up better. That suggests longer term value comes from narrower but deeper use cases, not the widest possible marketplace.
Going forward, NFT winners are likely to look less like social status badges and more like software wrapped around ownership. The projects that last will give holders a recurring reason to care, and the platforms that win will be the ones built around a specific use case, community, and buying behavior rather than a generic marketplace for everything.