Each and every NFT started out as simple work of art. The newest concept entails providing NFTs with some form of function. All of the most recent mints have seized on the fact that the addition of utility has boosted the allure of NFTs and is now promoting some type of utility.
However, I think there are some broad similarities across these NFT collections. Nobody can definitively say what makes one more popular than the other.
Regardless of how we feel about it, NFT projects and collections like Axie Infinity, CryptoPunks, Bored Ape Yacht Club, Art Blocks, NBA TopShot, Mutant Ape Yacht Club, CloneX, Meebits, Azuki, The Sandbox, Crypto Kitties, Decentraland, etc. had a real impact on the NFT scene.
No matter if it was WAM or Axie Infinity, I always preferred GameFi, therefore collecting NFTs this way was always fun for me.
Do you think a project will come to fruition that will change the NFT sector, perhaps by changing how we see NFTs?
I am aware that NFTs are used today for legal purposes as there are now NFT tickets available for actual live events. What should happen with NFTs so they get back on track since NFTs are down 99%?
4 thoughts on “What should happen with NFTs so they get back on track since NFTs are down 99%?”
I’m not sure I agree. I flipped Tumps NFTs last week and that shit had crazy volume. I 5xed on that shit, sold both at .75 Eth.
Just found a NFT ebook project this evening. It allows you to resell your ebooks. There has never been an used book market for ebooks, so this might be an important innovation.
Is WAM a new game? LarvaLabs is a legend in the NFT space and I’m a big fan of CryptoPunks. Actually, I’m about to receive a fraction of a CryptoPunk by Unique thanks to a campaign they did to demonstrate how refungible nfts work. NBA Top Shot and Azuki are also top picks.
> Do you think a project will come to fruition that will change the NFT sector, perhaps by changing how we see NFTs?
I believe we are about to see many great projects emerging in 2023.
When there is a sustainable base for 3D nfts imbued with code or game-world interactibility, projects will evolve exponentially
so Metaverse phase