NFTs
NFTs are here to stay – but not as we knew them before
![NFTs are here to stay – but not as we knew them before](https://tokentalk.top/wp-content/uploads/2024/04/NFTs-are-here-to-stay-–-but-not-as-we.png)
Non-fungible tokens (NFTs) conquered the world in 2021 with buyers spending millions of dollars on digital collectibles in the art, entertainment, music and sports industries. As NFTs grew in popularity, the space gained attention from celebrities like Logan Paul, Justin Bieber and Serena Williams, catapulting digital collectibles into the mainstream. We’ve seen a new generation of collectors, investors and fans move from collecting physical items like baseball cards or Beanie Babies to spending over a million dollars on a single Bored Ape.
As of January 2021, NFTs are experiencing an all-time high trading volume of US$5.8 billion. But in just a few months, the market would come to a screeching halt. Following the collapse of Terra USD and Luna, the sharp drop in Bitcoin’s price, and the industry-shaking collapse of FTX, the NFT market has become one of the many victims of the “Crypto Winter” with trading volume plummeting. for US$395 million in August, the lowest value in 30 monthsand traders are preparing for more dive this month. This drastic decline is making artists, collectors and dealers wonder if the industry is dying for good.
While it’s true that profile picture (PFP) NFTs aren’t growing, the value of NFTs has evolved to transcend price and their uses are expanding far beyond a static image in someone’s wallet.
NFTs have the ability to tokenize real-world assets and can offer exclusive physical and digital experiences to holders. We are already seeing this concept of tokenization happen on a large scale.
Earlier this year, the European Commission released its Strategy for Sustainable and Circular Textiles, a new and innovative solution “to frame the future of the European textile and fashion industry with digital product passports”. Digital product passports will be used as a tool to share details about a product’s environmental sustainability, including data on the product’s composition and environmental impact. By implementing this measure, the industry will be able to better understand global sustainability goals and reinforce clarity for consumers, while advocating environmentally conscious choices. This form of digital assets – while not a traditional NFT – is where the future is headed.
As the digital asset business landscape continues to expand from traditional NFT use cases to the tokenization of real-world assets, mainstream and luxury brands are also taking advantage of this technology. NFTs offer brands a new way to interact with consumers and provide additional real-world benefits, rewards and experiences. ASICS, a renowned sports footwear brand, launched a large-scale brand Loyalty Program on the Solana blockchain, leveraging NFT technology to excite and energize the company’s core audience. Nike, Doritos and hundreds of other brands are finding ways to leverage Web3 and NFT technology to attract a new generation of consumers driven not by speculation but by utility.
In a rapidly evolving digital landscape, profile picture NFTs still have a place, but they will not be the product that drives widespread Web3 adoption. Public financial interest in NFTs as we know them has waned, but the desire and creativity of brands to leverage digital assets is increasing. Loyalty programs, exclusive experiences, digital content and rewards, our own digital identity and data ownership will define the next generation of NFTs and could truly be the killer use case that will onboard the next billion people to Web3.
NFTs
South Korean Regulator Excludes Certain NFTs from Crypto Regulations – Regulation Bitcoin News
![South Korean Regulator Excludes Certain NFTs from Crypto Regulations – Regulation Bitcoin News](https://tokentalk.top/wp-content/uploads/2024/07/South-Korean-Regulator-Excludes-Certain-NFTs-from-Crypto-Regulations-–.jpg)
https://news.google.com/./articles/CBMiXmh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9zb3V0aC1rb3JlYW4tcmVndWxhdG9yLWV4Y2x1ZGVzLWNlcnRhaW4tbmZ0cy1mcm9tLWNyeXB0by1yZWd1bGF 0a W9ucy_SAQA?hl=en-US&gl=US&ceid=US%3Aen
Fuente
NFTs
Non-Fungible Items; Picking Up Where NFTs Left Off — COZ Co-Founder Tyler Adams – Op-Ed Bitcoin News
![Non-Fungible Items; Picking up where NFTs left off - Tyler Adams, Co-Founder of COZ - Op-Ed Bitcoin News](https://tokentalk.top/wp-content/uploads/2024/04/Non-Fungible-Items-Picking-up-where-NFTs-left-off-Tyler.jpg)
https://news.google.com/./articles/CBMiZmh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9ub24tZnVuZ2libGUtaXRlbXMtcGlja2luZy11cC13aGVyZS1uZnRzLWxlZnQtb2ZmLWNvei1jby1mb3VuZGVy LXR5b GVyLWFkYW1zL9IBAA?hl=en-US&gl=US&ceid=US%3Aen
Fuente
NFTs
https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen
![https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen](https://tokentalk.top/wp-content/uploads/2024/04/httpsnewsgooglecomarticlesCBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4-Ni5hbXAhlen-USglUSceidUS3Aen.jpg)
https://news.google.com/./articles/CBMiKmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4NtIBLmh0dHBzOi8vd3d3LmJiYy5jb20vbmV3cy9idXNpbmVzcy02NzI5NTc4 Ni5hbXA?hl=en-US&gl=US&ceid=US%3Aen
Fuente
-
Videos3 months ago
Money is broke!! The truth about our financial system!
-
News2 months ago
More Crypto AI Alliances Emerge Following $7.5 Billion Token Merger — TradingView News
-
Altcoins2 months ago
Render vs. Theta; Which DePIN Altcoin to buy in May
-
Videos2 months ago
Fantom: Potential FTM Price and BIG Updates – The Latest!!
-
News2 months ago
Over 1 million new tokens launched since April
-
Videos2 months ago
Recession soon?? What this means for you and your wallet!!
-
NFTs3 months ago
Surprisingly, Bored Apes is now laying off employees as the NFT market disintegrates
-
NFTs2 months ago
Solana NFTs jump 30% in 24 hours: what’s behind the increase?
-
Memecoins2 months ago
Solana Dev hospitalized with third-degree burns while trying to pump Meme Coin
-
Videos3 months ago
Cryptocurrency Market Update: Where Are We NOW?! What’s next?
-
Memecoins2 months ago
When memecoins reign supreme in the ecosystem!
-
Videos2 months ago
Crypto News: ETH ETFs, Pro-Crypto Politics, UNI, DOGE & MORE!