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.