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A Review of the Development of NFTs: From Celebrity Trading Cards to Metaverse Applications
NFT Enters the Public Eye: A Review of Its Development History and Future Trends
Since the summer bull market of 2021, NFTs have evolved from a niche area in the crypto market to an important sector that cannot be ignored. As of now, the sales volume of NFTs in 2021 has exceeded 300 times that of the entire year of 2020. NFTs began to gradually enter the public eye in early 2021, and their evolution can be roughly divided into seven stages: star cards/digital art, avatar OG, generative art, GameFi, PFP avatar party, decentralized NFTs, and meta-games. Each stage has representative projects.
By summarizing, several characteristics and trends of NFT development can be concluded:
Several directions worth paying attention to for future NFTs include:
NFT is gradually becoming mainstream, with more and more traditional enterprises beginning to embrace NFTs. In the future, NFTs will play a larger role in areas such as gaming and DeFi, and their application in the metaverse is also worth looking forward to. At the same time, how to solve the pricing and liquidity issues of NFTs, as well as the construction of infrastructure such as identity verification, are all important problems that need to be addressed for the future development of NFTs.