FinTech Magazine - February 2023 | Page 83

NFT
“ Mark Zuckerberg ’ s announcement got us all excited about metaverse and made us truly see the potential of NFTs . But I don ’ t think that ’ s what will drive NFTs into the mainstream . Look around . There is not a single major brand out there that doesn ' t have an NFT project on the go . There is a lot of confusion in the market using the terms interchangeably ; if you look closely , you will see many metaverse projects are actually NFT projects .”
NFTs and the long view So , where will the NFT marketplace be in a decade ? Will they become an integrated part of our financial economy ? Levitt believes so . He says ; “[ They will be ] much more utilitybased , in many cases you won ’ t even realise it ’ s an NFT as the underlying technology in the apps you are using . Digital collectibles will have their place as well , but we see the use cases in video / media , metaverse , and gaming as even more interesting .”
Della Casa agrees , but goes a step further in her predictions , stating that NFTs could potentially be world-changing . “ NFTs are the future . They are not going away . They will help solve some of the world ’ s biggest problems because NFT technology can get us to a carbon-neutral point . Machine-tomachine communication on blockchain will allow our appliances to power down and up in our homes based on consumption limits .”
She adds , “ This will allow automated vehicles to communicate with each other to go faster or slower in exchange for paying parking for the day , it will allow humans to become their own SEO machines … all in a decentralised manner .”
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