As the year 2021 is coming to an end what is the future for the new rave of the moment NFTs which seems to have taken over the cryptocurrency market in 2021 as the new year 2022 is coming and a lot of projects coming up what do we expect to see in the coming year will NFTs continue to drive or a new wave is coming?
Big companies are trying to figure out how to get crypto into their business. When Crypto created this kind of hype, everyone was competing on how to bring crypto service before others.
On the other hand, many of these gaming companies have started working in NFT. While NFT is new to many, it has made it easier to prove ownership of digital assets. Many may think NFT means just some digital photo collection but NFT is more widespread. In the NFT virtual world, it can also be used to trade land or trade songs.
Many experts think that NFT will be bigger than Bitcoin because it can create many utilities. For example, tickets for a concert, or a rare item in a game can be owned through NFT. In general, the use of NFT is widespread. Many well-known companies including Nike and Unisoft have been working on it recently. Thus Facebook and Instagram nft announced the buying and selling market. We are seeing some early use cases of NFT that will take on a larger scale in the future by joining metaverse. Let's say we're looking at NFT's Tip of an iceberg.