I am wondering why are NFT tokens so hot right now?
The gains in the last week are pretty significant.
I cant imagine everyone running to play some NFT supported video game or really wanting to spend alot of money on buying digital art etc.
So is this insane rally based on Hype and FOMO?
Do you predict the price rally will cool off and retrace soon?
Nft will support the technical infrastructure to prevent the need for middlemen. At the same time also supports the conversion of physical assets in a new way. The ecommerce giants have been continuously exploiting the users and the corresponding data flow is undeniable. That has added friction and cost to the entire digital asset trading process. The defi scene has also demonstrated its importance in disrupting existing proprietary projects. It seems like a pretty hard thing to achieve. Adoption of the nft will promote trade and provide opportunities for small retailers. It also gives consumers more exposure to the goods they choose. It seems that achieving this goal is the main task.