NFT market has completely changed. On this subject, Alexander Salnikov, co-founder of Rarible NFT, has said that NFTs are no longer just a trend, but are moving towards becoming the future of digital ownership.
Salnikov also said that till 2021, there were two parts of NFT. First, it’s a basic use, and second, a speculative bubble of 90%, which was only to earn a profit. But now this speculation has shifted towards Memecoins. According to CoinGecko, the global NFT market cap, which reached $13 billion in 2021, has now come down to around $3.8 billion. However, this has not reduced the possibilities of the real use of NFTs.
Now the question arises, what should NFT holders and investors expect next? On this, Salnikov has pointed to two major trends, which include Consumer Applications and Tokenized Intellectual Property (IP).
Consumer Applications: Entry of NFTs in social media and games
According to Salnikov, in the coming years, NFTs will be used in common consumer applications such as social networking sites, messaging apps, and online games. Blockchain technology is now so scalable that it can handle millions of users.
At the same time, scaling solutions on platforms like Ethereum have made NFTs cheaper and faster. This is making it easier to adopt NFT-based products. Salnikov also said that many venture capital companies are now investing in consumer applications related to NFTs, as they believe that this will be important for the coming 5 years.
Tokenized Intellectual Property: The New Role of NFTs in the AI Era
Another big trend is the tokenization of intellectual property. Projects like Story Protocol and CAMP Network aim to bring creative content and ideas on-chain. This will make it easier to track IP usage and duplication. Especially when content is being replicated by AI.
Along with this, he said that when you put IP on the blockchain in the form of an NFT, it becomes programmable. This makes tracking and licensing transparent when content is reproduced through AI.
Although the combination of NFTs and AI agents is currently limited, Salnikov shared an interesting example in which an AI agent was paid for an NFT avatar.
The co-founder of Rarible NFT said that NFTs are no longer just a trend, but are becoming an important part of the future of digital ownership and content protection. While the NFT market was dominated by heavy speculation and trading in 2021, now its focus is shifting to real-world use cases. According to Alexander Salnikov, NFTs will increase in consumer applications such as social media, gaming, and messaging in the coming years.
Also, tokenized intellectual property will bring a new revolution for the safety and tracking of content in the AI era. Because NFT is now the future of technology and ownership. Along with this, if you want to get other information related to NFTs, then you can find out by visiting our NFT News or Project Review section. Where you will get to read news like Treasure NFT Vs Rarible NFT, what is the main difference between the two?