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Report on Current and Future Trends in the NFT Industry

 

The NFT market has been witnessing tremendous growth and is expected to become a $10 billion industry by the year 2020. It is a segment of the Fintech space that is gaining traction and acceptance from investors. There are many NFT platforms out there, however, only a few have the ability to stand out from the rest. This article discusses the current and future trends in the NFT industry, and the factors that will influence the future growth of these platforms.

Review: NFT Utility

Types of NFT Platforms 

The currently NFT News (ข่าว NFT) platforms are the E-commerce, Crypto collectibles, and Gaming NFT platforms. A few examples of these are CryptoKitties, Everie, and Fortnite. These platforms allow users to create and trade unique in-game items called collectibles. The platforms use smart contracts to facilitate the trade of these collectibles, making them a trustless way to buy, sell, and trade gaming items. The second type of NFT platform is E-Commerce NFT platforms. These are platforms that allow users to create and sell E-commerce products like apparel and accessories.

 

E-Commerce NFT Platforms 

E-commerce NFT platforms are the most popular and are expected to grow at a CAGR of 50% over the next few years. The reason for this is that this type of platform is a perfect match for the current trend of decentralizing online retail. As online retail has grown in popularity, many have become frustrated with the lack of trust in the system. E-commerce platforms have been plagued by fraud, mislabeling, and other issues. With the use of blockchain technology, online shopping has been made more secure and trustworthy. Blockchain-based tools like Everie’s Image Search Engine, and Deepsearch.io provide a trustworthy way to find products to buy and review products.

 

Gaming NFT Platforms 

Gaming collectibles and rewards programs have become very popular in recent years. With the introduction and growing popularity of games like Fortnite and Pokémon GO, there has been a lot of focus on gamification of everyday life. These games have made it possible for brands to create collectible reward programs and tie them to the growth of the games. A few examples of these are CryptoKitties, Everie, and Fortnite. Collectible reward programs have proven to be quite popular. In the gaming world, these collectibles are often used to reward players in games.

 

Asset Management NFT Platforms 

Asset management NFT platforms are becoming more popular with investors. Investors get to hold and trade NFTs that represent real-world assets like stocks, bonds, commodities, real estate, art, and other collectibles. These platforms enable investment in these assets through the use of NFTs. Some examples of these platforms are Robinhood Crypto, Genesis Vision, and TokenMarket.

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