Solana co-founder says NFTs have ’50 completely different use instances’ that may onboard hundreds of thousands this yr – TechCrunch

It looks like yesterday that the NFT growth captured the eye of the crypto group, making waves even exterior the web3 world. However a yr or so down the road, the NFT hype has considerably died down. However that isn’t stopping some within the crypto world from staying optimistic about non-fungible tokens.

Whereas a lot business focus and energy has centered round profile image NFTs like Bored Ape Yacht Membership or CryptoPunks, NFTs that provide utility past simply pictures have been rising in reputation.

“I feel inside NFTs, every little thing is simply actually scratching the floor,” Raj Gokal, co-founder of Solana, instructed TechCrunch this week. “I feel NFTs have 50 completely different use instances that appear to be lumped into one. I feel we anticipate nearly all of the [crypto] tasks to utilize NFTs.”

New NFT use instances stretch from gaming to music, and Gokal is seeing sufficient startup exercise targeted on these areas to really feel optimistic concerning the digital belongings extra typically.

“There’s a sort of wave of latest NFT merchandise [coming] that might onboard hundreds of thousands of customers in Q3 and This fall,” Gokal stated. Somewhat than simply fascinated with rising the Solana ecosystem, it’s extra thrilling to observe it develop by means of builders and creators, he added.


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