Nft, what happened to them?

Yet, on closer inspection, it becomes clear that there are valid reasons to believe that NFTs can play an increasingly important role in our digital society, not necessarily (or not only) linked to collecting, art and speculation. Some recent events confirm this thesis: as he points out the Blockchain Observatory of the Politecnico, the nft trading market recently launched by Reddit has already won more users than OpenSea (the leading nft exchange platform); at the same time, both Facebook and Instagram are integrating nftwhile Apple is working to enable the sale of digital content associated with nft within its App Store.

The founder of OnlyFans has created an Nft sticker game

Tim Stokley launched Zoop, a startup that will allow its users to exchange collectible cards of influencers and celebrities via blockchain

Beyond the stickers

No wonder, because unlike many cryptocurrencies, NFTs perform a clear function: they allow, thanks to the blockchain, to transfer the concept of ownership – and therefore of value – even in a world that until recently was devoid of it such as the digital one, historically characterized by infinite reproducibility. The nft are therefore a certificate attesting to ownership of a digital asset: in a world where these goods are part of an increasingly important market (just think of accessories to customize the protagonists of video games), a tool of this type offers important advantages.

“Many of the most promising uses are in disparate areas: from the financial sector to digital identityfrom logistics to marketing “, always reports the Politecnico Observatory. The important thing is to stop associating NFTs only with CryptoPunks and Bored Ape Yacht Club and consider them for what they are: proprietary digital certificates. Which as such can also simply replace the traditional ones, automating some very important processes.

“In the logistics sector, nft can create ‘digital passports’ which testify to the steps along the supply chain of a specific product, exploiting the immutability of the information recorded on the blockchain – the Observatory always explains -. The ability to represent non-counterfeit identity certificates through nft it is particularly interesting also in the field of digital identity “.

LimeWire is back. And now it sells nft

Two entrepreneurs brought the popular file-sharing platform back to life, turning it into a marketplace for digital artwork related to music

A future in art

Think of the green pass saved on your smartphone and how, in some environments, it was customary to send each other the jpeg of this document to evade controls. If it had been in nft format, sending this document in original format would not have been possible, because its movement would have been recorded by the blockchain which therefore – depending on the programming method – could have invalidated the transaction.

At the same time – and returning to the art world – nft can also be used for register the purchase and sale of physical works, thus automatically saving on the blockchain every transaction concerning a specific work. Because it’s important? For example, because this could allow the author of the work to automatically receive a percentage from each transactionsolving one of the biggest problems of emerging artists, who in many cases assist helpless while their works are exchanged at increasing prices without receiving anything.

Forget about the speculative bubbles and crazy CryptoPunk quotes. From a certain point of view, it is necessary to forget about the nft. When this technology is mature, we will notice it above all for one reason: we will not talk about it anymore. Just like we don’t talk about notaries’ certificates.