NFT: the rapidly growing digital asset in the industry

[Dinkey]

NFTs, in the current time are considered as one of the most profitable investment options.  Almost Every day, NFTs are able to secure their place in the headlines due to various reasons. To exemplify, recently, Yuvraj Singh, one of the popular cricket players, dropped his NFT collection to share his career’s highlights. One of the NFTs was the digital form of his iconic bat.

Undoubtedly, an increasing number of creators including famous personalities such as film stars, sports players, and other celebrities are stepping into the NFT Market to avail themselves of the attractive benefits.

Talking about NFTs, they are digital assets that are unique and non-exchangeable and allow the buyers to prove the ownership of the assets. The ownership of the assets is stored on blockchain technology that offers a highly protected environment for transactions and recorded data.

Everyone can easily trade NFTs on an online platform called NFT Marketplace. Currently, numerous NFT Marketplaces are being used widely by several traders. Novuszilla is introducing its entertainment industry-based NFT Marketplace in the market that makes trading NFTs convenient for the users. Their platform offers the chance to invest in the NFTs being launched by the biggest celebrities.

[kriptopoulin]

Consumer demand and awareness are excellent methods to grow a market... Both such momentum builders have grown fast over the previous year in the Global Non-Fungible Token (NFT) market... According to Proficient Market Insights, "NFTs are cryptographic assets on the blockchain that feature unique identification codes and metadata that identify them from one another, and are projected to do so through 2030."

[gunhell16]

NFT nowadays are very trending now in the market and in this field of industry. Where the majority of the new projects arise because of this matter. However, there are also a lot of scammers or fraud that arise as well in this business due to a lot of the community are riding in the trend too, so we better be wise and careful in choosing investing of the new projects.

[TomPluz]

There is no doubt that an an industry in itself, NFT is going to be growing a lot in the coming years and there will be more diversification that can be coming for sure. Now, I am seeing that famous people have a good edge here as they can easily command more interest most especially from people that admire them like celebrities and sports figures. There are many success story with NFT however there are also an avalanche of may NFTs that are not getting tractions and real value in the marketplace...must like the ICOs in 2017.

[cheezcarls]

NFTs are an eye-opener to all of us. They give transparency and proof of ownership no matter if it’s art, collectible, play to earn, virtual land or real estate, music, etc. No doubt that the adoption will accelerate it’s growth in many years to come. They are one of the best to be introduced to non-crypto people.

For example, Axie Infinity. Before the Axie boom, crypto wasn’t well-known yet in the Philippines and people have less interest into it. Not even airdrops could convince non-crypto people from getting attracted. Because of Axie, I see that those people who are negative about crypto are already playing this game either as NFT owners or scholars. Crypto is expanding into different areas like NFTs and it doesn’t stop.

It’s like NFT being a “crypto” variant where it can multiply into different variants (e.g., use cases, etc.).

[Exio.Tech]

NFTs are a great way for everyone to engage in the Defi community. Users can create art, or just play a game but still earn profits from their work. The same way they can make good use of the additional offered NFT tokens. Even if they are new to the industry they can use NFT bots to buy the new additions and sell them.

[xerox]

In my perspective, Paragenio is a good example of a DAO being utilized as a project launchpad since it focuses on aiding projects through the pre-launch phases.