15 Best Utility NFTs To With Potential in November 2024

Non-fungible tokens (NFTs) have become commonplace in the decentralized finance (DeFi) and cryptocurrency space since the boom in 2021. However, not all NFTs have great utility. Some are based purely on social media hype and marketing. But utility NFTs have more inherent value than these hype-backed NFTs that are riskier investments. To take the stress of searching for the best utility NFTs off investors, we have researched and compiled the top utility NFTs to buy in 2024.

Our detailed guide features the 15 NFTs with best utility and how to invest in them.

A Closer Look at the Best Utility NFTs To Invest in 2024

Here is an in-depth look at our top 10 NFTs with best utility for investors looking for the best utility NFT projects to back in November 2024:

1. LuckyBlock – Invest to enter an exclusive crypto lottery game that rewards investors every month, the best utility NFT for passive rewards

LuckyBlock is another project that makes our list of NFTs with the best utility this year. The decentralized blockchain lottery NFT project offers a transparent and secure way for investors to participate in gaming and make money from online gambling.

The platform has an LBLOCK token that investors must use to enter draws, play games, and earn rewards. At the same time, investors can stake their LBLOCK tokens for prizes like a Lamborghini, a house worth $1 million, and $1 million worth of Bitcoin.

Another exciting thing about investing in LuckyBlock NFTs is that its holders get daily rewards in the form of crypto. Before players draw their tickets, the platform returns 10% of every jackpot (winning) and distributes it to all LBLOCK holders according to the number of tokens in their wallets. So, even if users don’t win the major prizes, they will continue to earn daily rewards from Lucky Block as long as they have the platform’s NFTs in their wallets.

When LBLOCK started trading in 2021, it surged more than 1,100% and recorded a massive bull run in early 2022. The token is currently valued at $0.00020. But if its price history is anything to go by, then LBLOCK may prove a worthy investment to investors.

Your capital is at risk. 

2. Chimpzee – Use your NFT passport to unlock passive income opportunities whilst saving the planet

Chimpzee is a eco-friendly crypto platform that aims to reward investors whilst saving the planet. To unlock Chimpzee’s passive income opportunities, players must own an NFT passport that can be purchased with CHMPZ tokens. Tokens are currently available via presale which means that it is possible to invest whilst prices are low.

Chimpzee passport unlock three ways to earn passive income: play-to-earn, shop-to-earn and stake-to-earn. The amount of tokens that can are rewarded to each users depends on the type of passport that they hold. Diamond passports provide the highest rewards whereas silver passports offers the lowest APY%.

All CHMPZ tokens that are used to buy passports are burned, gradually decreasing the circulating supply.

Another appealing feature of the project is that a percentage of all profits are donated to environmental charities. So far, Chimpzee has planted 12,000 trees in an effort to restore the Brazil rainforest and has also donated $15,000 to save Elephants.

CHMPZ tokens are currently available via presale. Presale investors receive 4x bonus coins for their early investment and can use the tokens to buy NFT passports immediately.

Your capital is at risk. 

3. Silks – Enter a play-to-earn metaverse game and win crypto rewards by purchasing an NFT

Silks is another pick among our best utility NFT projects. The NFT game is the first-ever derivative P2E metaverse game that runs using a real-world thoroughbred horse racing concept. As such, investors who love real-world horse racing will enjoy Silks for its fun and value.

The Silks ecosystem represents the horse racing industry, and a Silks horse is a derivative NFT connected to a real-life thoroughbred racehorse. Investors can back a horse of their choice using NFTs and get rewards from winnings. They can also earn rewards from breeding and grooming horses till they become racehorses. 

Rewards are paid in the platform’s native token, $SST, that users can use to purchase lands or horse farms on the platform. Investors can also sell their $SST tokens on exchanges or use them to buy items on popular NFT marketplaces.

You will need to swap crypto tokens for Silks through a decentralized exchange. You can buy crypto easily from eToro.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

4. Decentraland – Real-estate NFTs that represent space in the metaverse

Decentraland is one of the most popular NFT gaming projects around today. The top utility NFT project is a 3D virtual reality gaming platform that runs on the Ethereum blockchain and allows users to connect in the Metaverse.

Typically, investors are represented by avatars and similar NFT objects in the simulated reality environment. But its real estate feature is why Decentraland is considered one of the NFTs with best utility.

Players can own virtual pieces of land that are unique and valuable. They can also make money from renting out the land, selling it, or using it for activities and events that users pay a fee to attend. The game also requires a utility token, called MANA, that investors can exchange for money or use for in-app purchases.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

5. Souls of Nature – Social-impact utility NFT collection, invest to help the planet

Lovers of nature may be interested in Souls of Nature. The game is the first social-impact NFT collection game to give back to nature. It combines social impact with the Metaverse for nature enthusiasts to collect and nurture unique animal NFTs and earn free crypto rewards.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

6. Axie Infinity – Play-to-earn utility NFT game with high value and the potential to increase even further

Axie Infinity is another P2E game on our list. The Metaverse NFT game has surpassed $1 billion in sales and is one of the top utility NFTs to buy in 2024.

The game works by asking players to create and breed monsters (Axies) that they can use for battles and other tasks in the Axie Infinity Metaverse. Players can buy and sell Axies on any NFT marketplace or Axie Infinity’s in-game market. And the rarest breeds can make investors huge money.

The game has two cryptocurrencies: the Axie Infinity Token (AXS) and the Smooth Love Potion (SLP), that users can earn and then trade for real money.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

7. SAND – Buy NFTs to build your own virtual world and connect with likeminded others

SAND is the utility token for The Sandbox, an NFT P2E game on the Ethereum network. The SandBox takes a spot among our NFTs with best utility because of its exciting project and reward system that attracts investors.

The Sandbox is like an NFT-powered Minecraft or Roblox that people can play while building games and digital assets. On the Sandbox, investors can create assets that they can convert into NFTs and exchange for crypto on a digital exchange.

As the game increases in popularity, the value of NFTs will also increase. To purchase Sandbox NFTs, you will need to hold SAND tokens which can be bought from exchanges such as eToro.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

8. Chappyz NFT – The AI-powered robot that generates token rewards for holders

Chappyz is the first AI-powered NFT companion that generates token rewards for holders. There are 6 types of Chappyz NFT that each come with their own rewards and values. Holding a Chappyz NFT is one way of generating passive income from your NFT collection. The AI-bots yield tokens and airdrops and unlock access to the exclusive Chappyz community.

Chappyz sold out quickly after their launch in October 2023. The collection is now available to buy on OpenSea and the NFTs sell for around 2 MATIC /  (at the time of writing). As well as yielding rewards for investors, Chappyz NFTs will provide access to a vibrant ecosystem of communities and web3 games. Chappyz rewards users for interacting on social media platforms and could change the way to community engagement is driven.

9. Cocky – The NFT collection that unlocks access to exclusive electronic music events

Cocky is an innovative new NFT collection that aims to change the way the web3 is integrated within the events industry. NFT holders are rewarded with access to Cocky music events as well as accommodation, merchandise and bar tabs. The NFTs resemble cans that mutate over time to increase their value and rarity on the secondhand market.

Cocky is a relatively new NFT project that is active across Twitter, Discord and Instagram. The platform positions itself as an exclusive lifestyle club that hopes to change the way that people interact with events.

As NFT holders attend Cocky events, their NFT will mutate and increase in value. The more events that you attend, the more valuable the NFT will become. The cans have 3 lids: black, silver and gold. Each lid represents a different tier in the ecosystem. High-tier NFT holders receive more rewards and benefits.

10. PROOF Collective – A private members platform that provides early access to new crypto projects, events and collaborations

PROOF Collective is an NFT project that unlocks access to the exclusive PROOF Collective members club. Members receive early access to the best new crypto projects as well as collaborations, in-person events, a discord group and the community.

The project was established as a group for artists and NFT collectors who can come together and share their enthusiasm for NFTs. The collective is limited to just 1000 members who can join by purchasing an NFT.

PROOF NFTs are currently available to buy on OpenSea for a high price. The cheapest NFT available is currently listed at 3.3649 ETH which is around $6177 (at the time of writing). The collection appeals to luxury NFT collectors who want to be part of an exclusive community.

11. The Plague NFT – A stake-to-earn NFT project that aims to decentralize opportunity and disturb the ‘corrupt’ centralized system

The Plague is an interesting NFT movement that aims to decentralize opportunity and ‘plague’ the world with charity. The project hopes to spread their message and expand their community through the Frog NFT collections that can be staked for passive rewards.

The man utility of The Plague NFTs is to rewarded holders with passive income from staking and to raise awareness for the project.

NFT holders can receive $FRG tokens is return for staking their Frogs. Owning an NFT also unlocks access to the exclusive community as well as early access to future collaborations and offerings.

The Plague has built up a strong community with over 50k followers on Twitter and over 10k members on Discord. As the community continues to grow, Frog NFTs will become more rare which will increase their value on the secondhand market.

12. Pixels Farm land – A collection of utility NFTs that reward holders for farming resources in the metaverse

Pixels Farmland is a collection of utility NFTs that unlock access to the Pixels Farm metaverse world. Within the ecosystem, players can use the NFTs to farm resources which are rewarded with tokens. Owning a farm provides an endless stream of opportunities within the metaverse as well as video chat, customization, privacy control features and more.

The aim of the Pixels Farmland project is to bring play-to-earn blockchain gaming to as many users as possible. The platform is an open-world game that brings utility to all assets that are created within the universe.

The platform is supported by blockchain technology which means that players can take full ownership of their in-game progress and any rewards that they earn. The NFTs increase in value as your progress and can be resold on the secondhand market.

13. InfiniPass – The only way to access the InfiniGods gaming ecosystem and win rewards

The InfiniPass is an NFT collection that provides access to the InfiniGods blockchain ecosystem. The ecosystem  is a collection of play-to-earn games, NFT drops and community hubs that reward members for their contribution.

The InfiniPass comes with a range of benefits including early access to games, NFT drops, access to tournaments, gameplay boosts and exclusive earning windows. Holders can use their NFT to take advantage of the platform and increase the value of their investment.

Only 260 InfiniPass NFTs will ever exist which brings an element of rarity to the collection. The NFTs are built on the Ethereum blockchain network and currently sell for between 0.02 and 0.2 ETH on OpenSea.

14. OnlyBots – NFT companions that use AI to learn and grow. The Bots are a ‘virtual friend’ that provide interaction and access to fun crypto games.

OnlyBots has unique utility that is driven by AI. The NFTs are a ‘virtual friend’ that uses AI and machine learning to grow and become more intelligent based off of your interactions with it. The bots talk to you, learn from you and can even play games with you.

OnlyBots are resemble pixelated robots. Each NFT bot processes different characteristics that set them apart from the rest of the collection. To start interacting with your OnlyBot, you must first download the mobile app which is available on the Apple App Store.

The app uses hyperreal simulation technology that enables users to play and talk with OnlyBots from your phone. There are 2048 OnlyBot NFTs available. The current collection is the Onlybots originals which were the first collection to be launched. The project will launch further collections on the future that will come with unique benefits and characteristics.

15. ZTX Genesis Homes – A collection of bespoke 3D homes that serve as in-game assets and unlock access to the ZTX virtual world

ZTX genesis Homes are a collection of bespoke virtual homes that can be used to play in the ZTX Genesis metaverse game. The virtual world was launched in August 2023 and has already managed to appear in Forbes and other top online publications.

The digital homes NFTs are designed to provide creators with opportunities to build and engage with virtual communities. Creators will be rewarded with on-chain assets for their work and the NFTs will increase in value as holders create and build.

There are 4000 NFTs available in the collection and each home is set in 1 of 4 districts. The NFTs provide in-game utility as well as early access to updates and new features. Ownership of ZTX homes will also serve as governance rights within the ecosystem. The project is committed to rewarded loyal users and builders.

What Are Utility NFTs?

Utility NFTs are NFTs that have inherent value or real-world use cases. This could include providing access to gaming ecosystems or virtual worlds, offering opportunities to earn rewards or providing holders with access to exclusive clubs and events.

Traditional NFTs were created as collectibles that have no real purpose other than gaining value over time. On the other hand, utility NFTs have practical applications which means that investors can receive rewards or benefits even if the value of the collection doesn’t increase on the market.

Just like traditional NFTs, utility NFTs are digital assets that are built on blockchain technology. Each NFT is secured by cryptography and all transactions are irreversible. Holders ahve true ownership of their assets and any rewards that are yielded by the NFT that they hold.

What are the benefits of an NFT with utility?

In 2022, a reported 9.3 million people invested in NFTs with many of these investments being in utility NFTs. Utility NFTs are a popular investment amongst digital asset collectors who want to earn rewards from their portfolio.

Investing in an NFT with utility means that holders can benefit from their investment even during a bear market when prices may fall. For example, a utility NFT may yield crypto rewards which could make up for any loss in the value of the NFT.

Utility NFTs can reward holders in a variety of ways and have numerous benefits. In the following section, we will take a closer look at the main benefits of an NFT with utility.

How To Buy Utility NFTs

After learning about the benefits of investing in utility NFTs, you may wondering how and where you can buy them.

The best way to invest in an NFT with utility is to use an NFT marketplace such as OpenSea. These platforms act as a broker between investors and NFT creators. Creators list their assets onto the platform and sellers can buy tokens with cryptocurrencies.

Most NFT marketplaces are blockchain-based which means that they are decentralized in nature. To invest in assets on a decentralized platform, you will need to own a crypto wallet that is funded with cryptocurrencies.

To demonstrate how to invest in a utility NFT here is an overview of the process.

Step 1: Research the NFT that you would like to buy

The first step is to research the asset that you would like to invest in. You need to find out what blockchain it is built on and what on what marketplace it is listed. This will influence the following steps of the process.

For example, if the NFT that you would like to buy is built on Ethereum, you will need to hold ETH tokens in an ERC20 wallet.

When researching potential investments, always use verified websites or information sources. Unfortunately, a lot of scammers attempt to make fake websites under the pretense of NFT collections to steal investor’s funds. The best way to find verified websites is to go through the project’s social media channels.

Step 2: Fund your crypto wallet with tokens

After finding out what blockchain network the NFT is built on and which marketplace it is listed on, you will need to fund a crypto wallet with compatible tokens.

You can find out which wallets each marketplace accepts by selecting the ‘connect wallet’ option and viewing the options that appearing on screen.

If you do not already own any crypto, you can buy some from $10 for our recommended broker eToro. eToro is a centralized exchange that offers 25 different crypto assets including BTC, ETH, BNB and USDT.

Note: Only cryptocurrencies eToro customers in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash, and Ethereum.

Add tokens to your wallet using your wallet address. Always doubles check the address before confirming the transaction to avoid sending your tokens to the wrong wallet.

Step 3: Connect your crypto wallet to the NFT marketplace

Connect your wallet to the marketplace you wish to use by selecting ‘connect wallet’ (or similar) on the dashboard. To confirm the connection, you may be asked to enter your password and pass the 2FA verification process.

Always use a secure, private internet connection to access your wallet. This will ensure that hackers can’t get hold of your private keys.

Step 4: Swap cryptos for a utility NFT

Once your wallet is connect to the marketplace, you will be able to utility NFTs with cryptocurrency. Once you have purchased an asset, it will appear in your wallet under NFTs.

Make sure that you have enough crypto in your wallet to cover gas fees. The NFT should appear in your wallet within minutes however, this can take longer during busy periods.

After purchasing an NFT, you will have complete ownership over the asset.

Our Verdict on The Best Utility NFTs To Invest in November 2024

In this guide, we’ve had an in-depth view of the top utility NFTs to buy in 2024. We’ve also touched on what utility NFTs are and how to create NFTs with best utility.

Lucky Block remains our top pick of the best NFT with utility to invest in 2024. It’s proven a rewarding investment to early investors, and experts believe it has the potential to be more valuable over the coming years.

Before investing in a utility NFT, take time to conduct thorough research and analysis. NFTs are volatile assets and there is no guarantee that they will hold their value over time. The best utility NFTs should have strong fundamentals, a large community and a reliable team.

Your money is at risk

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