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?
Did ICO last longer after the hype? No, right that is what eventually will happen to NFT as well in my opinion. Someone started the craze and now its trending with no actual utility. I like the non fungible token idea but it is not really too great to involve them in every sector.
I guess you are right, but what makes NFT's different from ICO? I guess it is destined to be doomed like what happened to ICO way back 2017. I just see random arts and there is no use case of them and just there to be collected, paintings in real life that cost a fortune is understandable but this NFT arts that I can't even touch is a no for me.