The rise of NFTs has caused a stir in the digital realm as they affect companies including the art world, gaming and real estate, to name a few. This is a drop in the ocean. We are only embarking on a long journey before unchangeable symbols reach their full potential.
Many large companies are working on NFT projects and following them closely, investors who are not afraid to spend large sums of money on NFT. As a result, new NFT-based companies are popping up every day.
So, who will be the next industry to be disrupted by NFTs?
What development will NFT characterize in the coming years?
We know that different industries and markets like games, banking and the arts use NFT.
Furthermore, the top international companies see billions in business and are dipping into the big blockchain and NFT community.
Social values and brands
Communities are built around authors, giving a sense of one for all and all for one. Society brings to the true creators of digital art the value of fairness.
Let’s look at this from the artist’s point of view. Earlier, when an artist sold his artwork, he received the payment, and that was it.
However, with NFT, they can continue to receive commissions from futures sales by adding a sales ratio to the NFT smart contract.
The addition of smart contracts allows artists to benefit from future sales.
One example of this is the amazing and versatile digital artist David Bianchi, who has been so innovative in bringing social activism to the NFT stage. With his publications of NFT spoken poems related to social injustice in the United States, he shows how NFT can be a source of change.
NFT music is at the beginning of an evolution that could see the whole industry upside down.
NFT music, which provides a transformative experience, is growing in popularity in 2022. We see this in people like Snoop Dogg buying Death Row albums to release songs as NFT. Smaller independent bands and singers can grab their fan base by hanging rare items, such as behind the pictures or audio versions of their songs.
NFT’s music policy is not limited to artists. Spotify continues to add more NFT functionality to its platform, to enhance the artist and fan experience.
In addition, musicians can address intellectual property concerns using NFT. Since recording contracts became a topic of discussion, many talented artists have had to relinquish their rights to companies or sound streaming providers.
Although there has been a lack of enthusiasm from game makers regarding NFT and P2E games, we can only see more recording ahead. Game design is one of the main dynamics of the 2022 NFT market. Players can use NFT to purchase assets such as imaginary lands, avatars, access to private communities, and weapons for avatars in the blockchain-driven new digital world. We anticipate an increase in the number of gaming projects using NFT to market their brands, attract new users and increase user engagement this year.
NFT and social media
There have been a lot of rumors about the cryptocurrency community related to the adoption of NFTs on social media. For example, TikTok, Facebook and Twitter are creating collaborations in the NFT field in their own unique way. Social media enthusiasts are finally seeing these updates appear.
You can now use your favorite NFT avatar as your profile picture on Twitter.
Avatars that change
NFT avatars will gain power, adaptability and mobility. Imagine yourself taking a selfie and having an artificial intelligence that will create a unique, personalized 3D avatar that resembles your ideal self. You can change the attitudes, attitudes, clothing, and accessories of the character.
Now consider how much simpler it must be to create interesting Twitter posts that give positive results about yourself.
NFTs: What’s next?
We are very early on to really understand the potential of NFTs. With more use cases emerging, such as Metaverse, we can expect to see continued adoption of NFTs, not just in current niches but in society as a whole and in ways we have not even thought about yet.
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