I don’t know about you, but it looks like we’re in the ICO stage (2017) stage of NFTs. Quick cash grabs, high floor prices, etc.
Beyond art, I see so many other applications for NFTs. Example: Michael Jordan creating a fan engagement platform with NFTs, companies like 4K turning physical goods into NFTs to leverage, music platforms that sell NFTs to redeem for experiences, etc.
What other applications do you guys see for NFTs?
Almost everything that they can apply is possible to be added in NFTs. IMHO, next time it could be memberships that are legitimately coming from huge companies that are giving subscriptions. Anything that these companies can capitalize and monetize, they might do it at their own will.
The possibility of it is endless until we see some huge drop for most of them. But with those collectibles, they seem to be unstoppable for now.
I can totally see the need for memberships, but once you redeem it, I wonder what the NFT will look like. Will it get burned? And with gas fees it almost doesn’t make sense to be minting NFTs for applications like this