As the world continues to embrace blockchain technology, the concept of NFTs is becoming increasingly popular and gaining a lot of attention from regulations, artists, collectors, celebrities and to the public. However, the mass adoption of NFTs still faces significant barriers.
What’s the barrier for NFT mass adoption?
Users
Company
In order to achieve widespread acceptance of NFTs business utility, it is important to remove the obstacles faced by companies. One solution is to provide an easy-to-use API that enables companies to create custodian wallets for their users, thereby allowing for secure storage of user assets. Another thing is that NFTs should be designed with sustainable usability features such as membership options, redeemability, transferability, and tradability, which can help attract and retain users, leading to sustainable growth of the project.
Meanwhile, Founder of ThunderCore, Chris Wang emphasizes that when a business owner wants to create a NFT project, you should always ask yourself “why do we need Web3?”
According to Chris’ sharing, there are many aspects,
- “Incentivization”
By offering your project token rewards, you can motivate your community to engage effectively with your project and become advocates for it. This can establish a loyalty program and a sense of ownership, leading to a lasting connection between your community and your project.
- “Ownership”
Unlike in web2 games, where in-game items are tied to user accounts, NFTs give you direct ownership, and no one, not even the creators, can take it away. Additionally, with Web3, you can sell or trade your in-game items on open markets and recoup their value.
- “Decentralized autonomous organizations (DAOs)”
That also represents a significant opportunity for Web3. With DAOs, users can coordinate decentralized ownership of a platform and make decisions about its future. By using tokens to vote on how resources get spent, users can collectively own a platform and direct its development.
- “Identity”
For instance, using an Ethereum address and ENS profile, users can control their digital identity securely, and anonymously across platforms. This is an improvement over traditional platforms, where users must create an account for every platform they use.
About NFT NYC
About ThunderCore
ThunderCore is among the world’s top 5 blockchains and the only platform growing DApp users organically through ecosystem retention, which will be the key driving force behind the real mass adoption of blockchain. Its proof-of-stake (PoS) architecture, EVM compatibility, entertainment-first ethos, and deep developer support provide a battle-tested home for the next generation of crypto innovators across Web3, DeFi, NFTs, GameFi, and the metaverse.
Thanks to its unique PaLa consensus mechanism, ThunderCore can handle 4,000+ TPS with sub-second confirmation times and ultra-low gas fees kept at a fraction of a cent.