Smart NFTs are a new frontier

DUBLIN, 5 December 2022 /PRNewswire/ — The “NFTs and the Virtual Economy” report has been added ResearchAndMarkets.com’s Offering.

Not-fungible Tokens (NFTs) refers to unique and distinct digital assets stored on a distributed ledger/blockchain. After the emergence of bitcoin digital currency in early 2009 “colored coins” were minted by Yoni Assia in 2012; these were small parts of bitcoins which represented assets, primarily digital collectibles, and was the predecessor of NFTs.

In 2017, John Watkinson and Matt Hall created CryptoPunks, 24×24 pixel characters found on a Ethereum blockchain. Only 10,000 such unique-looking characters were created, creating a huge buzz among a community of crypto users who treated ownership as a badge of honor.

This served as an inspiration for NFTs, which have now become a potentially lucrative technology that creates value for businesses worldwide.

Key issues that were resolved:

• What is an NFT? What are the defining characteristics of NFTs?
• How are NFTs differentiated from cryptocurrencies?
• What are some of the key market highlights for NFTs to date?
• What are the essential NFT growth drivers and restraints?
• What is the technology behind NFTs? What are the technologies that make up an NFT marketplace?
• What are the key criteria for choosing an NFT platform?
• What are the most popular blockchain platforms available today for NFTs?
• How is digital content distributed by NFTs stored?
• How has the market performed in the last 3 years? What are the key performance indicators?
• Which application areas are most affected by NFTs? What are the new use cases?
• What are the primary growth opportunities in the NFTs for ecosystem stakeholders?

Key topics covered:

1. Strategic imperatives

• Why is it increasingly difficult to grow?
• The strategic imperative
• The impact of the top 3 strategic imperatives on non-fungible Token (NFT) industry
• Growth opportunities fuel the growth pipeline engine

2. Analysis of growth opportunities

3. Introduction to NFTs

• NFTs – an overview
• Comparison between NFTs and Cryptocurrency
• Market Highlights
• Growth drivers
• Growth restrictions

4. NFT Tech Stack

• The technology behind NFTs
• NFT Marketplace Technology Stack
• Types of NFT Marketplaces
• Criteria for choosing an NFT platform
• Comparison between PoW and PoS consensus mechanisms
• NFT Blockchain Platforms
• Storage of digital assets
• Comparison of ERC standards

5. The NFT ecosystem

• NFT Performance Analysis, Calendar Years (CY) 2019-CY 2021
• NFT Applications: Ecosystem
• NFT applications: Art
• NFT Applications: Collectibles
• NFT Applications: Gaming
• NFT Applications: Others
• Popular NFT Marketplaces: OpenSea
• Popular NFT Marketplaces: Rarible
• Popular NFT Marketplaces: Others

6. Growth opportunity universe

• Growth opportunity 1: To grow beyond digital artwork
• Growth opportunity 2: NFT’s sustainability
• Growth opportunity 3: New business models
• Growth opportunity 4: Shaping digital communities
• Growth opportunity 5: Smart NFTs are a new frontier

Companies mentioned

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