There are several types of NAT, including Static NAT (one-to-one mapping), Dynamic NAT (many-to-many mapping), and Port Address Translation (PAT, also known as NAT overload, where many local addresses are mapped to a single public address). While NAT has been crucial in extending the life of IPv4, it can introduce complications for certain protocols and applications, particularly those that rely on end-to-end connectivity. As IPv6 adoption increases, the role of NAT may diminish, but it remains a critical component of many current network architectures.