As a seasoned analyst with years of immersion in the dynamic world of blockchain and cryptocurrencies, I find Jana Bertram’s insights on the state of NFTs both insightful and reassuring. Her life experience, which includes leading strategy at RARI Foundation, provides a unique vantage point from which to analyze the NFT landscape.
In episode 65 of the “Hashing It Out” podcast, Jana Bertram, a key strategist at RARI Foundation, delves into the current standing and potential future of Non-Fungible Tokens (NFTs). During her conversation with host Elisha Owusu Akyaw, Bertram admitted to a drop in NFT trading activity but emphasized its ongoing relevance.
Return of the NFT?
Bertram suggested that the NFT (Non-Fungible Token) market boom, which drew much focus onto digital collectibles, might reappear in a new shape.
She stated that the peak of investment in Non-Fungible Tokens (NFTs) has passed, but despite the decline in excitement, NFTs remain significant. They continue to empower creators and provide opportunities for groundbreaking applications like the tokenization of real-world assets.
As a analyst, one issue that continues to be a contentious point within the NFT sphere, as pointed out by Bertram, is the ongoing discussion regarding royalties. In more recent times, certain NFT marketplaces have chosen to make royalties an optional feature, which has had a substantial impact on creators’ income streams.
Bertram pointed out that this change necessitates a reevaluation of strategies for striking a fair equilibrium between creators’ rights and market trends.
Scalability and affordability
The discussion also hit two major touch points in the Web3 space: scalability and affordability. Bertram pointed out that advancements in blockchain infrastructure have made NFT transactions more cost-effective, addressing one of the barriers that previously hindered adoption.
From hereon, I foresee Non-Fungible Tokens (NFTs) branching out from the realm of digital art and collectibles, instead focusing more on practical uses like identity authentication, maintaining ownership records, and potentially even health records.
Nevertheless, she pointed out that the general public’s understanding of NFTs is still a challenge, as it is frequently linked to speculative trading and financial setbacks. Despite a potential market slowdown, the fundamental technology is still advancing, hinting at broader uses and increased participation in the future, inviting more people to be part of this evolving field.
Hear the entire episode of ‘Hashing It Out’ on CryptoMoon’s official podcast site, Spotify, Apple Podcasts, or your preferred podcast service. Don’t miss out on exploring the rest of CryptoMoon’s diverse lineup of shows as well!
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2024-12-05 11:07