The hype is gone, but is the party really over? Industry professionals are anticipating that the NFT marketplace will continue to expand and play an increasingly crucial role in the digital economy.
Celebrities continue to be involved in the NFT space, with Snoop Dogg recently collaborating with Mobland, a mafia-themed
, to create digital weed farm NFTs. The weed farms were developed as a part of NFT 3.0, the third generation of NFTs.Not only do some industry professionals feel that the NFT market will continue to exist, but they also anticipate that it will continue to expand and play an increasingly crucial role in the digital economy. According to a report covered by Cointelegraph, the NFT market. This is due to continued adoption within the video game, music, art and digital collectible industries.
Shakula is bullish on NFTs for the long term, telling Cointelegraph, “In the long term, NFTs definitely look good — I’m sure they have a big future. This technology opens many new opportunities, even for classic businesses and common users. They can be used for tokenizing assets and providing them to employees as perks and benefits.”. It’s possible that in the near future, people will be able to carry out their daily activities within a virtual space, using virtual assets.
The reaction of the video game industry to the introduction of NFTs has been the subject of much conjecture. Although some businesses are currently delivering digital assets as a part of blockchain games like Ember Sword, the widespread adoption of this technology has not yet occurred in the gaming community, leading many specialists to wonder how or even whether they will take off in the mainstream gaming industry.
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