NFTs exploded in 2021 as digital art fetched millions, but the hype faded fast. Now, projects are focusing on utility—tokenizing real-world assets like real estate, concert tickets, and even patents.
For instance, platforms like Propy enable NFT-based home purchases, cutting out middlemen. Meanwhile, musicians like Kings of Leon release NFT albums with exclusive perks (backstage passes, merch discounts). These use cases highlight NFTs as more than speculative JPEGs.
Gaming is another hotspot. Web3 games like Illuvium let players own in-game assets as NFTs, tradable across platforms. This “play-to-earn” model could disrupt the $200B gaming industry.
Regulation looms large. The SEC is scrutinizing NFTs as potential securities, and scams remain rampant. Yet, the technology’s potential is undeniable. The next NFT wave won’t be about pixelated apes—it’ll be about reinventing ownership itself.