Non-fungible tokens have been around since 2014. But it wasn’t until 2021 that their popularity became phenomenal. Suddenly, crypto exploded into art, gaming, music, and many other areas for the first time.
Don’t know what NFT is? Easily understandable here.
#1: Blockchain gaming will emerge as the killer use case for NFTs
Axie Infinity set the trend, but the trend will become a proven model.
As play-to-earn opportunities continue to expand, more people will start spending more time in gaming environments. When this trend continues, NFTs play a key role in virtual economy to the physical world. It’s crucial for generating and retaining unique value in digital spaces. Without NFTs, none of the things we own or create in virtual spaces can be considered distinct or self-sovereign.
The bottom line is thanks to NFT, the “virtual” and “real” economies is thinner than it has ever been. And soon, that line may not exist at all.
#2: Retail companies will play a huge role in the future of NFTs
Facebook rebranded to Meta. The rebrand is about solidifying the social media giant as being about the metaverse, which Zuckerberg sees as the future of the internet.
NFT growth will continue as the technology expands into the mainstream over the next year. Retail companies are getting into the space including Prada, LVMH, Adidas, PUMA, Nike, Samsung, Amazon, and many more.
#3: NFTs will play a major role in new kinds of investing
People everywhere can access new wealth-building opportunities. And, many unbanked populations can access financial services for the first time.
NFTs can grant more people access to better investment opportunities: cross border, suitable for all budgets, protected by blockchain,
In conclusion, NFTs are not going anywhere. 2021 exponential growth was just the beginning of something much larger. And as the use cases for NFT tech continue to develop.
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