Since then, NFTs have expanded their applications. Artists and creators have used NFTs to authenticate and monetize their digital works, while virtual real estate, collectibles, and virtual goods in video games have also been tokenized. NFTs gained mainstream recognition in 2021, with high-profile sales and celebrities releasing their own NFTs.

Despite their popularity, NFTs have faced criticism. Concerns about environmental impact, copyright infringement, fraud, and price volatility have been raised. However, the future of NFTs looks promising. Technological advancements may address some challenges, and the integration of NFTs with augmented reality and virtual reality could open up new possibilities. #nfts #BinanceTournament