Are NFTs Dead? Crypto Experts on The Future of NFTs

The interest and growth of NFTs has waned in 2023. However, these unique digital assets still have a bright future.

Written by: Mike Martin | Updated August 17, 2023

Video by: Ryan Grace

Fact checked by: Laurence Willows

Are NFTs dead? Ryan Grace at tastycrypto thinks not. In this video, he tells us why.

🍒 tasty takeaways

Ryan, Tom and Tony discuss NFTs (non-fungible tokens) on Tasty Live
NFTs are seen as more than just betting on token prices
NFTs can be a bridge to Web3 technology
NFTs are unique identifiers on a blockchain network
They can represent digital collectibles, data sets, and investment positions
NFTs can be programmable and have transferable ownership
NFTs can eliminate the middleman in transactions
NFTS may make Sotheby’s and other intermediaries less necessary
NFTs provide provenance and authenticity
Among other real-work use cases, NFTs can represent real-estate
NFTs have experienced price crashes but sales are still growing
Trading volumes of NFTs remain strong
NFTs offer transparency through blockchain technology
NFTs make trading collectibles easier and more liquid
NFT marketplaces like OpenSea and LooksRare provide benefits and eliminate market uncertainties
Pawn shops offer lower value for collectibles compared to NFT marketplaces
The NFT marketplace has a global reach
The NFT market is still in its early stages

NFT Use Cases

Additional Reading

Blockworks: 7 Real-World NFT Use Cases That Should Be on Your Radar

NASDAQ: NFTS How NFTs Could Change in the Future

tastycrypto: 7 Best NFT Coins and Tokens for 2024

Mike Martin

Mike Martin formerly served as the Head of Content for tastycrypto. Before joining tastycrypto, Michael worked in the active trader divisions of thinkorswim, TD Ameritrade, and Charles Schwab. He also served as a writer and editor for projectfinance.

Michael has been active in the crypto community since 2017. He holds certifications from Duke University in decentralized finance (DeFi) and blockchain technology.