CHAPTER 10The Future of NFTs
Non‐fungible tokens (NFTs) have a bright future, not just because digital art is a massively underappreciated asset class poised to dominate the art market (although we think this is true); rather, NFTs have a bright future because they’re providing a bridge to digital economies that will touch everyone in the future (and even in some cases, today).
Looking at NFTs solely as a speculative art asset is narrow‐minded and misses the multitude of future uses of NFTs. We’re soon likely to see the NFT‐ification of everything from NBA season tickets to rare Mercedes Benzes.
With that being said, there are three distinct areas within the future of NFTs on which you should focus your attention:
- The metaverse
- Nonbankable assets
- Digital wallets
In this chapter, we’ll explore each area in detail, showing you the role of NFTs in these multitrillion‐dollar futures.
The Metaverse
The Internet has evolved to the point where we can share and communicate almost anything that we want across space and time. We find love through apps. We trust our digital neighbors to give us the best suggestions for food and housing. We place our most precious photographic memories in the hands of digital giants to protect for eternity.
The Internet has become this expansive, virtual, shared space for almost anything you can imagine. We rely heavily on others who share this space to keep us informed, write funny tweets, make interesting content, and much more. But this isn’t the ...
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