From tokenizing investment assets to game avatars, nonfungible tokens have an array of applications that go beyond digital art, with more projects coming online despite the market downturn in 2022.
“Ten years from now, I could be wearing my VR glasses or still using my phone, or probably using some new system interacting with the metaverse — but I’m going to be able to port my avatar and my NFT items. [...] As a user, I’m going to start collecting more digital goods as NFTs, more than even physical goods, like clothing or watches or cars,“ explained Origin Protocol co-founder Matthew Liu regarding skins being interoperable across platforms.
“We‘re seeing a few alphas. There’s been a few things that have been playable here at NFT.NYC. Building games is hard. It takes a while [...] to make them good. But I think we’re starting to see some of the best Web3 games that have ever been built. [...] I can own my stuff and trade inside the game. I think that’s really powerful.”