I was on a Space yesterday and was asked:
“Do you think NFTs still have a future, given that NFTs in early 2020 and 2021 were more economically driven than they are now, even though they were just drawings?”
The question continued:
“I know whites will buy NFTs. But most Nigerians see NFTs as just drawings, and only if it’s a girl picture that many people would mint. We have girls’ pictures everywhere, so who would want to pay for them?”
I answered:
NFTs are seen in the decentralized future, and they are much more fun to own as real assets than tokens.
But for NFTs to be seen as such in the future, they must be given some utility to stay, doing away with the idea of speculative art in the NFT space.
If NFTs are treated less as “flip to earn” assets like memecoins and more as utility-driven assets, then the future of NFTs is strong in the decentralized future.
This is what @artxmedia is building.
To give NFTs purpose, utility, and to do away with NFTception.
Nigerians may see NFTs now as mere art, but in the future, NFTs can be used as means of identification, authentication, sales, access, and all that feels viable.
The future of NFTs isn't just about the picture.
It is about what the NFT can do.
— Gavics
What if #NFT holders from other Chains can get to participate in events on another Chain, give the minted NFT utility on that Chain (if it doesn't have on its previous Chain), enjoy activities, then return to its OG Chain (Basechain) and maintain its status?
Wait...😉
66th Independence to Nigeria!
Welcome to Uptober CT
As Nigeria celebrates freedom, we celebrate your path to owning the perfect property.
Here's to a prosperous future for all.
Happy independence day from us at @artxmedia
CT-NG
We sincerely apologize to everyone who joined us for the Space today.
Due to issues with the recent 𝕏 update, we were unable to host the Space as planned. We appreciate everyone who showed up and waited with us.
A new date and time will be communicated soon.
Thank you for!
The future is decentralization, and in this future there is no speculative bubble, everything is utility and zero speculation.
It's time for crypto to take a new narrative and @artxmedia is working in bringing this to you.
Follow the shift 😉
Our first #AMA is coming and this one is about opening the doors and showing you what is actually behind @artxmedia
We will talk about what we are building, where we are going, and why we are building it On-chain.
Set a reminder for our upcoming Space! https://t.co/o4GtmkviWB
Orange is for energy!
Happy New Month!
Welcome to September a fresh chapter to build, create and grow.
May this month bring new ideas, stronger connections and meaningful progress.
#NFTs#Creators#All
Let's do away with NFTception (NFTs becoming an ecosystem of NFTs, speculation, and hype that keeps looping back into itself)...
Follow the shift...
https://t.co/CNxk4dZDSg
Weekend's here 📈〽️