At present, the blockchain industry is still in a very early stage. The current strong demand is sufficient to balance the growing supply, and many NFT projects may not be able to maintain value in the long term. However, the best performing group of NFT dapps will become a key part of the industry in the future.
Some NFT projects are rewarding their owners with previously unimaginable utilities, while others have demonstrated the power of building a strong community. All in all, these series are becoming well-known brands outside of chain stores.
The impact has become so great that important vertical industries such as the sports or fashion industries want to be part of this evolving landscape. Perhaps more importantly, major institutions have seen the true investment value of this concept.
The true ownership granted by the NFT will unlock many applications, and the tickets will become the NFT, causing a potentially fatal blow to piracy. Music files that protect artists will be distributed as NFTs. NFTs that generate revenue may become as important as many existing financial products. It seems that we are heading towards an unstoppable virtual reality, similar to what Ernest Cline described in his famous novel Ready Player One-a world where real-life assets will be tokenized or NFTized. Which bubble burst first is still the biggest question.
