Functional NFTs
Currently, the NFT market had a combined annual spend of $1 trillion dollars in 2020-2021. This new asset type is in high demand due to its artistic nature, its relationship and integration with blockchains and its transaction-first origin. There are many categories of NFTs, but the predominant one is the artistic/collectible one. However, we believe that a new category will start to grow at exponential pace: the Functional or Utilitarian NFTs. Functional NFTs are the ones that are hold not only because they are beautiful or transferable, but that provide a usage beyond it.
We believe that this influx of NFT creative minds will lead to the next decentralized Hasbro, the next decentralized Disney, the next decentralized Nintendo.
Last modified 1yr ago