A new cycle is suggested. $NFT The market is likely to be driven by tokenized physical assets and digital use cases, rather than collections focused on profile pictures (PFP) as has been the case in the past.
Looking to the future, OpenSea CMO Adam Hollander said: $NFT Growth could be shaped by tokenized products such as Pokemon trading cards, Rolex watches, digital tickets, and in-game assets.
From 2021 to 2022, Mr. Hollander said: $NFT While the market was primarily formed around speculative trading and avatar-based collections, the main use cases were $NFT Technology is validating ownership of digital and real-world assets. He suggested that assets with more functionality and realistic use cases could therefore be at the forefront of a new era.
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Hollander also said that advances in AI technology have lowered the barrier to entry for digital art, animation, gaming, and on-chain asset production, arguing that this is a key factor that could accelerate. $NFT Adopted.
Hollander also said that OpenSea is currently developing an integrated asset management system that users can manage. $NFT It revealed that it is working on an Apple Pay-like fiat payment experience to manage crypto assets across different wallets and blockchains through a single platform and streamline the onboarding process. The company is also developing the ability to display tokenized assets in USD.
Hollander also spoke about the highly anticipated SEA token, saying that a “meme coin” model that only generates short-term interest cannot create long-term value. Therefore, OpenSea’s priority is first to build a sustainable business model, he said.
*This is not investment advice.
