6 NFT Use Cases That Will (Probably) Remain After the Hype Dies Down
After non-fungible tokens (NFTs) exploded in 2021, and images of virtual monkeys and digital punks sold for millions, the onslaught of copycat projects and an influx of self-proclaimed “NFT artists” followed, creating a seemingly unsustainable NFT hype. Combined with rather evident cases of wash trading on numerous NFT platforms, we might witness a bursting of the NFT bubble.
While the NFT hype will probably not last forever, a handful of NFT uses cases will likely survive this hype cycle to establish NFTs as part of the global digital economy.
Read on to learn about six NFT uses cases that could remain after the hype has died down.
NFT integration into the gaming industry is a popular use case that will most likely become a part of the future of gaming.
Play-to-earn gaming is booming, even if it’s only a small subset of the massive online gaming market.
NFT in-game items combine aspects of utility and collectibility for players. Also, blockchain technology might help ensure that gamers purchase and trade genuine items and provide accurate transaction records.
Given the amount of money flowing into NFT-powered blockchain games, and how many people are playing the likes of Axie Infinity, it seems that gaming NFTs are poised to stay.
The seemingly unstopped digitization of our lives will also likely flow into the memorabilia market, with NFTs providing the ability to prove ownership of digital collectible items.
Why would you need a physical baseball card if you could have a verifiably unique version of the baseball card you hold?
Sorare, a fantasy game of football, has also been successful in creating football player collectible card NFTs that can be used in the platform’s fantasy football play-to-earn game. Moreover, NBA Top
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