5 Major Trends in the Future Development of NFT

There is no doubt that the explosive growth in the popularity of non-fungible tokens (NFTs) and metaverse-based projects has caused powerful ripples in the blockchain stratosphere. Furthermore, they have influenced not only the digital world but many other industries such as art, gaming, finance, fashion and many more.

Businesses and investors are pouring huge sums of money into various NFT and metaverse projects. Not surprisingly, some of the most famous social networking platforms like Reddit, Twitter and Meta, Tencent, Ali, Baidu are participating in some NFT projects.

So, the main question here is, what will the future bring us? With that in mind, we need to discuss the 5 most anticipated NFT projects.

5 emerging NFT projects worth our attention

1. Partial ownership of NFT artwork

The NFT hype has become a reality. Most investors and traders are buying and selling different types of NFT artwork on various NFT markets. But let’s be honest, NFT development company investors who trade with small investments face enormous difficulty owning a portion of the circulating collection, especially given that NFTs are getting more expensive. Today, popular NFTs cost thousands of dollars and are completely out of the reach of small investors and traders.

From the emergence of the concept of “Fractional NFT (Fragmented NFT)”, many status quo in the industry has changed, such as the problem we just mentioned, multiple users can now easily share the ownership of any NFT artwork — working together to drive the price one grade lower. One of the best examples of fragmented NFTs is the famous “Gorilla in a Street Mask” by Banksy, a well-known NFT artist. Banksy divided the artwork into batches of 10,000 NFTs. So, to own 10% of the artwork, you need to buy 1000 NFTs. When first minted, each NFT cost $750.

2. NFTs and games

With world-renowned game companies such as Steam, Ubisoft and Square Enix developing NFT assets for the in-game environment, it is no surprise that “GameFi (Game Finance)”, or that “GameFi” is being used by gamers and game developers around the world rapid rise in. One of the biggest brands in the gaming NFT universe is Axie Infinity. The company took direct inspiration from Pokémon, as you can own and trade collectible NFT pets called “Axies.”

You’d be surprised to learn that Axie Infinity quickly generated a massive $1 billion in game assets, and users can buy and trade these NFT tokens within the gaming ecosystem.

3. Hollywood and NFTs

If you had the opportunity to be a part investor, using NFTs to help make a movie of your favorite actor, would you jump at the opportunity? Of course you will! NFTs quickly became a sensation in the film and entertainment industry. NFTs in film production and streaming may be the next big thing.

As a result, in 2021, the overall NFT transaction volume across multiple industries and businesses will exceed $23 billion. This simple fact multiplies the hype. Filmmakers, streaming companies, and independent film products are all investing in NFTs, using a variety of ways to directly incorporate them into their productions.

Chapter 4 Generic Technology and the Fashion Industry

While several well-known fashion companies and brands have already ventured into the NFT upper echelon, when Gucci released its trendy $12 digital shoe, it also led several other well-known brands to embrace blockchain and incorporate NFTs into their marketing and products middle.

Some of the most recognizable brands in the world are already involved in exciting projects. A great example is how Burberry partnered with Mythical Games to release their exclusive and one-of-a-kind NFT collection. Likewise, Birkin’s series of NFTs called “Baby Birkin” sold for a whopping $23,000 at auction.

5. NFTs and the music industry

Blockchain experts speculate that NFTs are on the verge of revolutionizing the music industry. We can see that many popular albums, album covers, lyrics and songs are transitioning to NFTs. The first band to dive into the NFT stratosphere was King Leon. They were the first to release an album entirely as an NFT.

Likewise, Mike Shinoda (from Link in Park) managed to raise over $11,000 to launch his exclusive NFT. Both prominent and independent artists now say they are finally being paid fairly. They make a decent profit from NFTs alone.

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