It looks like yesterday that the NFT growth captured the eye of the crypto neighborhood, making waves even outdoors the web3 world. However a yr or so down the road, the NFT hype has considerably died down. However that isn’t stopping some within the crypto world from staying optimistic about non-fungible tokens.
Whereas a lot business focus and energy has centered round profile image NFTs like Bored Ape Yacht Club or CryptoPunks, NFTs that supply utility past simply photos have been rising in recognition.
“I believe inside NFTs, every little thing is simply actually scratching the floor,” Raj Gokal, co-founder of Solana, instructed TechCrunch this week. “I believe NFTs have 50 totally different use circumstances that appear to be lumped into one. I believe we anticipate the vast majority of the [crypto] tasks to utilize NFTs.”
New NFT use circumstances stretch from gaming to music, and Gokal is seeing sufficient startup exercise targeted on these areas to really feel optimistic concerning the digital property extra typically.
“There’s a form of wave of latest NFT merchandise [coming] that would onboard hundreds of thousands of customers in Q3 and This fall,” Gokal stated. Somewhat than simply fascinated with rising the Solana ecosystem, it’s extra thrilling to look at it develop by means of builders and creators, he added.