The Word NFT- Non-Fungible Token is officially the most used word since last year. Its impact is huge that even Collins Dictionary declared it the word of the year 2021. The world is getting digital and it's time for people to own digital assets as well. The sales of NFTs in the last two years surged giving a massive success. As people started to show more interest in NFTs, there came a point where they need an upgrade. What is the future that awaits around this new tech?
The future scope of NFTs
Previously NFTs were all about art and anything digital. Now, Utilities are now adding making NFTs more valuable than ever before. Yes! There are several NFT collections today in Top NFT Marketplaces that give some perks if you own an NFT. For Instance, Gary Vee’s, Vee Friends NFT collection is something that took NFTs to the next level. The owners of NFTs can get a chance to have a F2F online meeting with the creator. There are many more collections with utilities and perks.
The Future that has for NFTs is NFT 2.0 where NFTs get an upgrade as a whole. Here one can have various looks for the NFTs, can change the characteristics when needed, or nest NFTs within NFTs. This is still in the process of getting into the market with various blockchains like Polkadot trying to develop them for the better
In the coming days, NFTs will be getting their way to anything and everything from personal identification cards to event ticketing. The unique character of NFTs can be used anywhere where there is a requirement of uniqueness which is of course everywhere.