The Future of the NFTs | Wonderful JPEGs!

 

NFTs are the new trend of 2022 and experienced NFT experts are now looking for long-term projects. This was not the case when it began, until this year. 2021 saw several scams and rug-pulls as far as NFTs, crypto, and blockchains are concerned.

 

Therefore, NFT traders are first seeking trust and security over anything else. Currently, several Twitter handles exist that check the NFT projects and prove their authenticity. This article will divulge into the future of NFTs and how wonderful JPEGs become a huge part of it.

 

Contents:

- What the NFT Traders Want

- Categories of NFT Projects

- What Does the Future Hold?

- Final Thoughts

 

What the NFT Traders Want

Presently, NFT traders do not want any more scams. The best thing that can be provided to them would be safety and trust. Long-term projects can provide exactly that. Following are the features that the NFT traders are looking for in their project:

- NFT holders must get a special Discord role and channel

- Advantages of Airdrop

- Special discounts at new NFT mints

 

Categories of NFT Projects

The NFT community is divided into two major groups: those who are really interested and those who just invest and don’t care much about the community. Those who do care are being cautious because of the 2021 chaos. As we said earlier, long-term is the promising projects of the future, and the following are some categories of NFT projects:

- Artwork projects with amazing pieces of art are usually hand-made from scratch. The Discord hold is weak, but there are several wealthy owners and therefore, the yield is great;

- Simple-creative: such projects are based on one image, but generally a lot of computer-based additions are made. These projects, unfortunately, have no future;

- Community-based: this project is between owners of strong Discord communities, wherein, one needs to pay thousands to own a Discord community;

- NFT gaming-based: gaming-based projects are the current trend where a user plays to earn money. You can win several items in the game and then sell them off in the marketplace.

What Does the Future Hold?

NFT projects that are gaming-based have immense potential for the future. You can own stuff inside the game as an NFT like the background, the characters, the clothes, cars, guns, and whatever is shown in the game. It is not unusual for players to perform in-app purchases for the games, right? So why not sell it too?

 

Let us understand this through an example: imagine yourself playing League of Legends. Remember how players can buy characters using Riot Points or Blue Essence? In order to buy the characters, you need to buy the Riot Points or Blue Essence. Let us imagine the current price is $1 for 1 Riot Token or 1 Blue Essence, which can get you a character skin worth $100. Now what will happen when the price for 1 Riot Token or Blue Essence increases to $2, then the skin is worth $200? Now, comes the interesting part, you can decide to sell it off and gain a profit of $100 or keep playing and wait for a rise.

 

You could ask yourself why would people pay for the same character skin that they might have too. Well, you can always add certain elements like a base color, a number, or other such computer-generated additions to make it special.

 

Have you thought about a game integrated with the blockchain system? In that case, you can completely customize the whole game. For example, you may decide on the theme. Or you may change the dresses and the skin characters and then sell them. You can also buy other skins that you like. Riot tokens will not just be used for in-house purchases, but can be used as a trading cryptocurrency. Your NFT skin can get your special Discord discounts or a hexagon frame on Instagram. The opportunities of a fully integrated blockchain-gaming system are unlimited.

 

Final Thoughts

There you go, the future of NFTs is bright as long as people are cautious and work towards safer transactions. This metaverse of crypto, blockchain, and NFTs is a rapidly growing area. It seems to be evolving with each second, but somehow only a few understand it. Before you jump into NFT trading, make sure you understand what you are going into and if you are ready for it.

 

If you are an NFT lover, be careful before you sell and buy your NFT in the game or through an Art piece. Also, make sure the project you are enrolling in is not a rug-pull, but rather is long-term, secure, and ethical. As mentioned above, the integration of JPEGs into the character skin that you buy will make it worth the extra bucks you will get. For sure, JPEG can be considered the future of NFTs.

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