Is the NFT Market Growing Up, Focusing on Real Utility? 👀
Executives in the #Web3 space suggest that the recent price drop in NFTs indicates maturity, not distress.
A report found that 95% of #NFTs had no value, leading to calls for a shift from speculative trading to utility-based value.
Tokenized community platforms like Collab.Land believe NFTs are here to stay, with applications in loyalty programs, advertising, and authenticity proof.
The entertainment industry is also embracing NFTs. As NFTs expand into various sectors, governments, institutions, and major #brands are exploring their utility, reflecting a changing landscape beyond digital art.
