Commencing in the summer of 2021, NFTs have successfully widened the scope of “crypto” to a much larger audience. The primary reason for this is the technology’s ability to blend media and culture into the existing financial components of blockchain technology.  

Given this, NFTs – implemented in their many forms – are meant to be the gateway to help onboard mainstream internet users. Not just the next 10 million, but 1 billion. Thus, it is important to occasionally take a pulse of the market so that we may recalibrate and reassess where we are in the adoption timeline.

Literature mentioned: 

https://members.delphidigital.io/reports/the-year-ahead-for-nfts 

https://medium.com/collab-currency/storing-value-in-digital-objects-a92f54fa98cc

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