1654625110 5 Ways NFTs Will Impact the Internet of the Future

5 Ways NFTs Will Impact the Internet of the Future

NFTs are the building blocks of the internet of the future.

In this article, we will take a look at what the future holds for NFTs.

NFTs are Non-Fungible Tokens.

Because NFTs store data, they can be associated with specific physical or digital assets.

5 Ways NFTs Will Impact the Internet of the Future
A futuristic NFT art

Last year, one of Lebron James’ TopShot highlights was sold for a whopping $200,000.

Truth be told, there are many use cases for NFTs.

Minting, selling, and trading NFTs are fun and useful use cases of NFTs. But is that all we can do with NFTs? Is that really all we want to accomplish with NFTs?

If our property can be infinitely reproduced and instantaneously distributed across the planet without cost, how are we going to protect it? How are we going to get paid for the work we do with our minds! And if we can’t get paid, what will assure the continued creation and distribution of such work?

The internet has changed a lot since 1992.

Now that we have scratched the surface of what the future holds for NFTs, it’s time we look deeper into the 5 ways NFTs will impact the internet.

Tickets as NFTs

The ticketing industry is one of the industries that NFTs can completely revolutionalize.

1654625104 867 5 Ways NFTs Will Impact the Internet of the Future

NFTs in Gaming

It’s currently possible to buy different in-game items such as weapons, clothing for your character to wear, and virtual pets.

1654625105 163 5 Ways NFTs Will Impact the Internet of the Future
1654625105 542 5 Ways NFTs Will Impact the Internet of the Future
1654625106 414 5 Ways NFTs Will Impact the Internet of the Future

Now that we’ve taken a look at what the future holds for NFTs, it’s time we talk about the things we need to fix before we can see the future of NFTs that we envisage.

Cost to create NFTs

A lot of people would love to get into NFTs but can’t because of how expensive it is to create (mint) an NFT.

Difficulty of Use

Making an NFT is a difficult and complicated process.

Link Degradation

With most NFT projects, your image isn’t embedded on the blockchain, but rather a link to that image is what gets stored on the blockchain.

NFTs are interesting! They have a lot of potential.


Source link

Check Also

NFT Projects LEX NFT Gem NFT To Be

NFT Projects | LEX NFT – Gem NFT To Be HUGE On Minting 08.08.22.

NFT Projects | LEX NFT – Gem NFT To Be HUGE On Minting 08.08.22. 👉 …