The Future of NFTs

NFTs have boomed, and crashed. 

Or have they? 

There is a lot of controversy and scepticism about Non-Fungible Tokens, to the point where they are synonymous to many things: digital art, (bored) apes and kitties, (paid) celebrity endorsements, pump and dump etc. 

However, the technology behind it, popularized by the boom in 2021, holds a lot of potential. It basically allows ownership of digital assets (or digital certificates of physical assets). 

In Momentum Works’ “Future of NFTs” report, we attempt to give a crash course on NFTs and perspectives on its future potential. 

We cover the following questions and topics of interest in simple and easy-to-understand terms:

• What are NFTs? – Understanding the key terms and evolution of NFTs
• Business model behind an NFT marketplace – How does an NFT marketplace actually work? How do they make money?
• Use cases of NFTs – NFTs are not just digital art. They could revolutionize several industries such as healthcare, supply chain, etc.
• Trends and Potential future of NFTs – What are the trends we currently see in the industry? What could be the possible future for NFTs?
 
List of Contents

1. What is a NFT?
2. Where and how do you acquire a NFT?
3. Current and conceived use cases
4. Trends & the future of NFTs
5. Conclusion and perspectives

Companies covered: Axie Infinity, The Sandbox, Decentraland, OpenSea, National Basketball Association, Ethereum