Why are NFTs trending now? (4)

Eza Chavez

@ezachavez · 16 Feb 2022

Why are NFTs trending now? (4)

#news

Knowing the potential of NFTs, how they are impacting the world and how we can take advantage of this new business model.

In the coming months we will begin to see certain metaverse projects in the world of NFTs, everything indicates that a new wave of investors, creators and users in general will begin to coexist in the world of metaverse more easily, blockchain, cryptocurrencies and NFTs will be offered directly within it, which will leave aside the barriers to entry.

Beyond creating NFTs in the metaverse, it will also be leveraged to tokenize both tangible and intangible assets. For example, the film industry has also been affected by this potential. Quentin Tarantino became one of the first great directors to auction seven uncut scenes from the famous film Pulp Fiction as NFT. The NFTs will include the film's first uncut handwritten scripts, as well as Tarantino's exclusive commentary. This content, as expected, can only be viewed by the owner.

2022 Trends

The trends of NFTs are manifold and all sectors are looking for ways to exploit this new year 2022.

For example, the American magazine Time is leading the way among traditional publishers in experimenting with NFTs as alternative models of digital subscription. Its new initiative, TimePieces, offers NFTs from 40 different artists and also makes the owner a member of the community. TimePieces works as an alternative to Time's digital subscription, unlocking all content for NFT holders and giving them access to exclusive digital experiences and events.

With NFT contracts, even more charitable places can be created, using algorithms that can program NFTs to automatically transfer funds to a good cause with every transaction made.
In addition, donations made with cryptocurrencies offer lower transaction fees and near-instant settlements.
NGOs already see the potential and visualize NFTs in such a way that they can help develop charitable initiatives in a decentralized and online way with less overhead compared to classic auctions.
The financial industry is becoming a fundamental part of the management and operation of professional activity.
New companies are born without fear of incorporating technologies such as blockchain or fintech as key elements of a transformation of the economy and society.

As the world understands the benefits of tokenization, the outlook is widening .

“This is undoubtedly a unique opportunity for professionals who want to develop their skills and knowledge in the field, as it is a growing sector with a promising future”

What does tokenize mean?

To tokenize is to represent a right in a private distributed registry (blockchain) for legal purposes and public or semi-public for technological purposes, specifying such representation in unit accounting entries called token