The Development of NFT: From Niche Market to the Cornerstone of Web3

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The Development History and Future Outlook of NFT

NFT has evolved from a niche area in the cryptocurrency market to an important track that cannot be ignored. In 2021, NFT sales reached more than 300 times the total sales of 2020. The evolution of NFT can be roughly divided into seven stages: star cards/digital art, avatar OG, generative art, GameFi, PFP avatar parties, decentralized NFTs, and meta games.

The development of NFTs shows the following characteristics and trends:

  • Granted more functionality
  • Pursue originality and scarcity
  • Gradually becoming mainstream
  • Bottom-up, community-driven
  • The social attributes are becoming stronger.
  • Unfair Minting
  • Tend to homogenize

Future directions of NFT worth paying attention to include:

  • Composable NFT
  • xFi(SocialFi, CreateFi, LearnFi, etc. )
  • Pricing mechanism and liquidity solutions
  • Decentralized Identity ( DID )
  • POW NFT
  • Interoperable NFT
  • Growth-type NFT

The development of NFTs is extending from purely artistic collectibles to more functional applications and scenarios. Addressing pricing and liquidity issues, as well as integrating with DeFi and the metaverse, will be important directions in the future. NFTs are expected to become a crucial infrastructure for Web3 and the metaverse.

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NFTRegrettervip
· 08-01 04:45
When will the bull run of 2021 return!
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MoonMathMagicvip
· 07-30 00:53
It's still early, Web3 is just getting started.
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OfflineValidatorvip
· 07-29 16:58
All in increase the position and it's done.
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GasFeeCryingvip
· 07-29 16:57
Everything can be an NFT.
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GameFiCriticvip
· 07-29 16:49
The efficiency of NFT assets is so low that it is suffocating, and they are still just speculating on concepts.
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gaslight_gasfeezvip
· 07-29 16:46
Not a penny will be given to Vb, oh ho.
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BrokenDAOvip
· 07-29 16:40
It's just another cycle of repetitive bubbles.
View OriginalReply0
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