Bitcoin may dominate the market and be popular today, but in the future, NFT could become the dream of many people. The future of NFT is very prospective considering its advantages which cannot be duplicated even though its authenticity is similar. From the name alone it can be seen, NFT stands for Non-Fungible Token, which is a token that cannot be exchanged. To find out how to choose the right NFT asset, learn from dan hollings crypto Nick Sasaki.
NFT was popular in 2017 through Crypto Kitties, but it is starting to be forgotten with the crowds of other crypto assets such as Bitcoin and others. In 2021 NFT is back in the crypto asset blockchain industry where a unique digital identity allows connecting with digital assets that are impossible to replicate.
Introduction to Non-Fungible Tokens (NFT)
Talking about the future of NFT, it feels quite happy to see the increase in its value so far. One of them is the value shown in 2018 which is USD 40.96 million and has increased dramatically to USD 338.04 in 2020.
In addition to the soaring value, NFT also offers advantages in the form of access for each user to be able to get a unique digital asset and then sell it, buy it or keep it as a form of investment for the future.
NFT Advantage Facts
The bright future of NFT cannot be separated from the various advantages it offers, including:
1. Prevent Gamers Data Theft
NFT itself is very popular in the gaming industry where the digital asset is considered to be ideal for overcoming the problem of identity theft for gamers. This fact makes many traditional NFT collectors eager to enter the world of digital assets.
2. Can Be Transferred Without Replication
NFT is a crypto asset that can be transferred easily without changing its authenticity. It is impossible to make a clone of NFT even for transfer purposes. The recording is ensured based on the ownership rights of the NFT owner himself.
3. Have Enough Online Stores
The increasing popularity of NFT has resulted in quite a several online stores competing for the most dominant platform. Of course, this is beneficial for the users.