NFT
What can become an NFT ? Anything can be tokenised in theory , Levitt confirms , as long as scarcity is a meaningful part of the asset ’ s value in the first place . “ Of course , demographic adoption is a barrier – assets like CS : GO skins that already have a young and tech-savvy demo are more likely to see early adoption than assets like real estate typically owned by institutions .”
Sallyann Della Casa is the Founder of GLEAC , an educational NFT and crypto fintech marketplace that enables knowledge-sharing between industry experts , and she says suitability for tokenisation depends on the asset .
“ I think the real question is what ’ s worth tokenising . Do you want a permanent tokenisation of your shoe collection ? Probably not . Do you want one of your driver ’ s licenses , passports , titles to homes , cars , etc ? Probably , yes .”
NFT regulatory practices are also embryonic But as trends peak , so do incidents of fraud . And because the space is so new , there is little in the way of protection when it comes to NFT scammers . Della Casa believes the current downturn is a positive thing because it ' s an opportunity for a course correction . “ The flippers will hopefully get bored and go away ,” she says , referring to a group of NFT marketplace watchers who buy assets and sell them quickly for a fast profit . The practice during trending peaks falsely inflates the prices of many NFTs , resulting in customers seeing their assets swiftly devaluing as the bubble has burst .