They are here to stay as long as the internet remains a “thing”. If civilization collapses and we end up running around with Mad Max and Zombie hoards then NFT’s will go away.
Many people scoff at NFT’s and think they are worthless but this shows a lack of imagination about the technology. Keep in mind:
- NFT technology is new.
- NFT technology has only been used in rudimentary ways.
- NFT projects are new and have not proven themselves.
- The silliest use cases have received the most attention.
At this point most NFT’s are just “art NFT’s” because these are the easiest NFT’s to make. I actually do think that art NFT’s have value but making a case for it should be another post. The real purpose of NFT’s is making unique items on the blockchain. NFT’s can be:
- Video game items
- Copyright ownership
- Movie, book or music ownership
- Proof of membership
- Proof of ownership