There are those who claim that 2021 will be the year of NFTs

There are those who claim that 2021 will be the year of NFTs

Certainly 2020 was the year of DeFi, while 2019 was the year of stablecoins, dominated by the news of Libra’s launch. 2017 and 2018 were the years of ICOs and smart contracts.

Will this time be the turn of Non Fungible Tokens (NFTs) instead?

Ngrave CEO Ruben Merre claims so on Linkedin, where he posted a long article supporting this hypothesis.
The 2021 of NFTs between gaming and collecting

The key point of the argument is the use of NFTs in two particular areas: gaming and collecting.

First of all, NFTs have already started to make their way into the online gaming sector in 2020, with blockchain-based game developers starting to attract Profit Revolution venture capital due to the very long lifecycles of their products, and above all their ability to offer truly innovative monetisation models.

This is probably the sector where the spread of NFTs is already the widest, especially for those games that also include collectibles, such as the mythical CryptoKitties.

The other hot sector for this technology is precisely collectibles, and even in this case several similar projects have already been launched in 2020, often integrated with a good level of gamification.

In particular, a number of so-called ‚virtual worlds‘ projects have literally exploded in 2020, and have proven to be able to grow well.

But from this point of view there is still a lot to be done, for example in the field of collectible cards, such as Pokémon cards, stamps, books, posters, and everything related to valuable collectibles.

In fact, as Merre says, NFTs can represent very well what is unique and rare in the world, in a way that is not only innovative, but above all untouchable and not falsifiable. Moreover, they are transferable, and their possession is uniquely certifiable, without a shadow of a doubt.

In fact, NFTs already achieved their first major success in November 2017 thanks to the CryptoKitties themselves, but their potential actually still appears largely unexplored.

For example, other areas where they could spread a lot are art, document tokenization, or the same governance tokens as the NFT industry.

Although it is very difficult to imagine how this sector will evolve in 2021, it is nevertheless plausible that it could expand further, perhaps well beyond its current boundaries.