The Problem with NFTs

[Pagla]

Taking a look in my crystal ball, I would hazard to speculate that NFTs are here to stay. They will be an integral part of Web3 and the overall movement towards online decentralization. In the future, they will still be used for art and design, but will also enable the ownership of other kinds of digital property and will be linked to physical assets too.

This is all good, but there are some problems for NFTs to overcome.

A Certain Type of Over-Saturation
This relates directly to art and design NFTs. The kinds of tokens that are famous right now, featuring a lot of pixel art, and 10,000 piece collections of animals all looking in the same direction but with different hats on.

It is not simply that there are too many of these collections. After all, nobody who is interested in painting complains that there are too many paintings and that what the art world really needs is fewer people producing art because most of it is awful.

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[Lehner_1977]

Great article Mate. I just read about oracle protocols working with NFT markets,I believe smart contracts going to be much safer with that kind of improvement. I recommend you to check SupraOracle's latest article for a better understanding of how they going to integrate NFT's. But let me say something, IMO NFT's are going to be a key part of blockchain in a few years.