Non-fungible tokens have become an important part of Ethereum. NFT is a unique Crypto pass in many forms that can digitally store a work of art or a music file on the blockchain and be considered valuable.

“CroissantETH”, a Crypto researcher on Twitter, pointed out,NFTs could be one of the biggest catalysts for Ethereum’s dominance of the Crypto space since DeFi。

How do NFTs do this? He believes that NFT brings liquidity and value to intangible assets. In other words, NFT makes it possible to plan the value of intangible assets. CroissantETH introduces 10 use cases where NFTs could reach the trillion-dollar level.

One of the industries is the media industry. Forbes, a multi-billion-dollar media company, is using NFTs to give readers access to their news in the Crypto space through Unlock Protocol, a platform for Ethereum-based paywall (reading barriers that only allow paying users to view parts of website content) solutions Some of the ad-free sites.

NFTs are also causing a stir in the gaming world.The programmability of any digital content as an NFT means players can actively participate in building the games they play and be rewarded for their efforts. This model encourages all parties involved in the game, whether it is a company or a gamer, to continuously build the game.

There are already many examples of successful NFT gaming platforms, including Sandbox, Vidya, and AxieInfinity, where players are earning real money for playing games. More game industry players are also seeking and creating their own NFT platforms.

GameStop, a company that recently gained notoriety for its stock gaining meme stock status when retail investors were influenced by social media to buy it, has also been looking to build an NFT platform.

The company's NFT platform will help it bridge the gap between traditional commerce and the blockchain world. Notably, the company has partnered with other gaming giants, including Hasbro, Xbox, and other esports teams.

To build the platform, GameStop hired Jordan Holdberg, developer and CEO of Hodlberg Financial, as lead engineer.

Holdberg created the Hodlberg NFT, which combines all of a user's different wallet balances into one token without compromising user privacy. His participation will be of great benefit to GameStop if the company's NFT platform integrates this functionality.

The media and gaming industry is not alone in terms of NFT innovation. NFTs have also been heavily adopted in the sports industry. Sports teams and players minted and sold NFTs.Sports NFTs are the most popular in the $1 billion NFT market, according to a recent report from CoinGecko。

However, there are other use cases for NFTs in sports beyond fan collectibles. The NBA's Brooklyn Nets player Spenser Dinwiddie will sign a contract worth $34.4 million and create NFT bonds. If his move is successful, other players could follow suit, driving significant investment in the platform.

In addition, content creators can also benefit from the programmability of NFTs, as they will be able to reduce the presence of middlemen, avoid the involvement of large companies that post content and earn more value for their creativity. This is especially true in the music industry. As the industry adopts Web 3.0, the Ethereum blockchain could see tremendous growth.

NFTs not only bring more programmability to intangible assets, but also bring these characteristics to tangible assets. Jeweler Asprey, which has a long-standing relationship with the royal family, recently announced that it will use NFTs tied to each piece of jewelry to solve liquidity problems and confirm authenticity. Every piece of jewelry purchased from the jeweler will now come with an NFT.

In a similar move, the Dallas Mavericks, a basketball club owned by billionaire Mark Cuban, also revealed plans to mint their tickets for sale as NFTs, in order to be able to collect taxes on tickets sold on the secondary market. This move will address the issue of fraudulent bots and scalpers selling tickets at exorbitant prices.

The original text comes from zycrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the editor for Chinese reprint.

The original text comes from zycrypto, compiled and organized by Blockchain Knight, the English copyright belongs to the original author, please contact the editor for Chinese reprint.