Non-Fungible Tokens (NFTs) has been under the radar for the longest time, other than when cryptokitties jammed the Ethereum network.
The initial impression of NFTs is just a nice to have collectible, but if you look deep enough NFT can actually lead the industry a long way.
The most interesting concept of NFT at the moment is in the traditional gaming industry, all the characters, items, skins, equipments and skills you own in one game can only be used within that game itself.
But with NFT, all these collections that you have could potentially be transferable and usable in other games as well. One significant difference is the money you spent in one game will not go to waste, while the other risk that are taken off is if the game developers does not want to support the game anymore, your collections can still be used in other games.
At the moment, gaming is the largest potential for NFT, but lets not exclude any possibilities of it being used in other industries.
NFT is popular now guys and have you seen the latest news about how many people are very interested in NFT?
The value of an NFT work is more determined by the number and quality of people who want to buy it or the theoretical benefits that can be obtained from it. I think NFT is a temporary sensation and is just a candy wrapper that gives you a sense of belonging and nothing else. At this stage, it is possible to make money from this, but the more hype around NFT, the more work floods the platform and auctions, saturation of the future NFT market.