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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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    Official Hyperliquid NFTs Hit All-Time High of $65,000 on OTC Desks

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    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

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    Civitas Migrates to Immutable zkEVM to Power Low-Cost, Scalable Web3 Gaming & Web3 Network Growth

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    Doodles NFT Sticker Launch on Telegram Sells Out in 24 Hours

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    Crypto Casinos Made Over $80 Billion in 2024

    A16z-backed Spekter Games founder shares Telegram gaming ethos

    A16z-backed Spekter Games founder shares Telegram gaming ethos

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  • AI
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    ETH Daddy Discusses Ethereum and AI

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  • Analysis
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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Home NFT

NFTs Are Dead (But They’re Changing Everything)

June 26, 2024
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NFTs Are Dead (But They’re Changing Everything)
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Two years ago, Non-fungible tokens (NFTs) captivated the world with skyrocketing prices and mainstream attention, but then the market snapped back and many said that NFTs were “dead.”

They spoke too soon. This technology continues to proliferate on a global scale, reshaping entire industries.

READ ALSO

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Guild of Guardians Leads Despite Dip as SuperRare and Panini Skyrocket

Even with the NFT market reaching sales volumes of nearly 200,000 NFTs worth over $191 million per day it’s easy to dismiss them as Internet culture toys due to headline grabbing projects like CryptoPunks and Bored Apes.

You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Wednesday.Source: Nval.com

The NFT industry spent enormous energy and resources to make this possible; building, testing, and shipping some of the most game-changing technologies to date.

Even though some NFT markets are now down by over 90%, it’s a mistake to write NFTs off so quickly.

NFTs Are a How, Not a What

What does it take to trade assets in a digitally native environment? Ownership rights.

NFTs are merely how we record who holds rights to an asset. They can certify ownership and authenticity, and they come with many features of blockchains such as interoperability, secure transfer and verification.

The NFT industry created a revolutionary property rights system that is available 24/7/365 to anyone, anywhere at a fraction of the cost of traditional systems, and conveys uniqueness to any asset including digital files.

See also  Game NFTs rise as Guild of Guardians Avatars, DMarket and Fantasy Top lead sales

The what being bought, sold, or transferred are the rights to an underlying asset that is linked to the NFT. The assets and the rights that can be conveyed are virtually limitless.

Real World Assets (RWAs)

NFTs are a global ownership system that is changing what’s possible and reshaping existing industries.

Digital Art and Collectibles: NFTs provide artists and IP holders a means to create a verifiably unique or distinct digital item, unlocking new avenues for monetization. The holder of an NFT receives rights that can include ownership, usage, and resale of the digital work.

For example, NBA Top Shot created a wildly successful marketplace where fans can buy, sell, and trade officially licensed NBA video highlights enabled by NFTs that verify ownership and uniqueness.Stocks and Bonds: The financial world is also embracing tokenization. NFTs offer more efficient and accessible markets for traditional financial instruments with transparent ownership and instant settlement.Carbon Credits: NFTs representing a specific amount of carbon dioxide emissions offset can be easily traced from creation through to retirement, ensuring authenticity of carbon credits and helping combat climate change while adhering to regulatory standards.

NFT technology is also revolutionizing music, video, ticketing, gaming, trade finance, luxury goods, identity, private credit, AI, physical goods and even vehicle registries.

NFTs redefine what’s possible through verifiable global ownership and authenticity. In the early days of the Internet, we didn’t know how accessible, affordable communication would transform the world, and it profoundly impacted every industry.

NFT are reshaping the world with the same transformative power, creating unprecedented innovation and economic possibilities.

See also  Navigating the Complex World of NFTs and Intellectual Property Rights

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

Tags: changingdeadNFTstheyre

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