Post
Topic
Board Altcoin Discussion
Re: The rise and fall of NFTs.
by
shinratensei_
on 26/05/2025, 02:33:59 UTC
Who knows. The thing is that almost no one even tried to explore possible benefits. The vast majority of art-related NFT efforts assumed that throwing NFT on some random piece of of art will magically create something like ownership, fully ignoring that, no matter whether you're talking about fungible or non-fungible, a blockchain won't solve your counterparty risks.
Some are already exploring the benefits though, through ownership and airdrop identification, most of the NFT that still has value also has underlying use, to access certain community and to be eligible into a project.
Almost all of NFT which value purely derived from the value of the "art" are already going to zero.

There are also ticketing and so on but still on the way.
Even there are many project using NFT to identify pass for validator. The possibilities are still being explored as of now.