The Future of NFTs in the World of Web 3.0

NFTs took the world by storm in 2021, bringing forth a digital art revolution while becoming one of the fastest growing asset classes of the year.

The technology of non-fungible tokens has enabled artists to offer digital originals without relying on middlemen, all while being able to receive royalties on secondary sales of their work. But this use-case is just the beginning of the functionality non-fungible tokens bring to the blossoming world of web 3.0.

This graphic sponsored by NFT.com showcases the evolving utility of NFTs, and how they are already building communities, enabling unique and tradeable game assets, and laying the foundations for ownership and identity in the metaverse.

How NFTs are Revolutionizing Digital Ownership Today

NFTs provide a complete history and proof of ownership for digital assets or any other asset that is represented by a non-fungible token. This functionality enables the creation of unique digital assets and items that anyone can buy or sell freely on an open marketplace.

Today NFTs have already evolved to provide further utility across a variety of industries:

• Keys to digital communities
• Tradeable game assets
• Ownership of your username and assets in the metaverse

As the online world shifts from web 2.0 to web 3.0, NFTs are building the foundations of digital communities, economies, and assets.

1. NFTs as Keys to Online Communities and Events

One of the first evolutions in NFT use-cases came (Read more...)