Is the NFT Marketplace a boom?

Whether you’re already knee-deep in an NFT portfolio or on the sidelines watching the speculation rollercoaster continue its wild ride with an equal mix of wonder and apathy, it’s helpful to know where an emerging market worth 11 .3 billion dollars moving forward. The answers are not simple, and the possibilities quickly evolve into a multitude of possibilities. Three experienced (and risk-tolerant) players in the field share their perspectives on the future of the NFT market.

What is the future of NFTs?

“I believe macro NFTs are here to stay and will revolutionize most industries. Ownership verification and the seamless ability to transfer ownership from one person to another is too important and valuable not to be exploited. That said , I think the NFT collectible and PFP market has changed and projects that aren’t focused on utility, IRL moments and actually creating value for others will have trouble gaining traction in the future.” — David Rodolitz, Founder and CEO, Flyfish Club

You can watch all these experts speak at this year’s Propelify Innovation Festival on October 6th at Maxwell Place for free with code: EntrepreneurPropels

“We are only experiencing the tip of the iceberg when it comes to NFTs. There is a significant opportunity for every industry and brand to monetize their unique products and services in virtual environments. For example, we have seen sports teams, household brands, and to and with celebrities transferring their influence into digital environments, using NFTs to make their most valuable assets available to the masses. Now that we’ve figured out how to make a piece of digital content ownable, the NFT market will continue to grow as much as people’s Creativity allows. We will continue to see value added to the economy through unique NFT activations as our physical and digital lives become more intertwined.” — Amanda Cassatt, co-founder and president of Mojito

“The past year has revealed the diverse set of genres that an NFT can inhabit, from meme culture to special access passes to interoperable avatars for a metaverse still under construction and utility games for games that don’t exist yet. NFTs have also introduced concepts about identity, community and emotion into an otherwise technical and dogmatic space, while bringing rarified goods such as the impenetrable world of art to the masses. This era in particular also shifted more power back to the creators – something that was long overdue and an important matter of research. Luxury fashion – and streetwear brands are the new contenders.The next evolution is likely to reveal some of the best and highest tools yet to be effectively explored, as digital assets optimize forms of commerce that feel strangely familiar, from real estate to music to theme parks. I’m excited to see small revolutions everywhere across a wide range of industries like culminating to the point that it is no longer perceived as a fringe playground, but a more broadly applied technology that is present all around us.” — Sara Cline, NFT strategist and Blockchain Podcast host