We are nearing the conclusion of NFT 1.0, a period in which garish generative JPEGs — cranked out en masse to capture quick profits — will no longer captivate the attention of NFT collectors. The NFT influence game has forever been altered. NFTs are now obligated to evolve beyond collections of static images of cartoon apes. The advancement of the digital collectibles market will be propelled forward only by practicality.
Today’s NFT landscape requires pragmatic applicability. Whether it’s establishing new revenue streams for creators and rights holders or enabling greater access to exclusive perks and opportunities, NFTs must contain a functional objective that transcends visual aesthetics. Effective immediately, programmable assets have no choice but to demonstrate real-world value and utility — from the tokenization of real estate to gated access to events — and far beyond.
Thanks to advances in smart contract technology, NFTs are becoming increasingly interactive, sophisticated, and multifunctional. With enhanced levels of flexibility and agility, NFT 2.0 is ushering in a new era of personalized ownership, where individuals can dynamically modify their tokenized assets to better suit their needs.
Panelists giving their hot takes on NFT 2.0
Distinguished founders and builders from the Internet Computer Protocol (ICP) community joined Mr. Canessa to opine on the future of non-fungible tokens running on ICP. They included:
- Bob Bodily — CEO of ToniQ Labs
- Melissa Song — Head of Growth Shiku Metaverse / Yumi Marketplace
- Luke Dugdale — CEO Funded / Plug Wallet
During the panel discussion, this ICP dream team explored how projects built on the Internet Computer Protocol (ICP) are leveraging the benefits of NFT technology to create unique user experiences and promote greater engagement across the ICP ecosystem.
NFTs through a Different Lens
Alexander Kuzin, a Genesis Block Member of DAO Envelop, discussed the evolution of fundraising through NFT 2.0 and SAFT. He explained how the use of NFT technology is revolutionizing the way startups secure capital, thereby offering investors more streamlined opportunities for participation in Web3 projects. In addition, he elaborated on the potential for NFTs to democratize the fundraising process, making seed capital more accessible to a wider range of investors and businesses.
The event’s speakers interact in a virtual environment
All participants brought a wealth of eclectic expertise to the event, giving attendees fresh vantage points on how NFTs can be leveraged across diverse industry verticals.
Reality Check: A Virtual Session to Remember
ARCONA is an augmented reality metaverse platform that creates a fully immersive and interactive virtual environment where users can interface with digital content in real-world locations.
Dropping alpha — Web3 style
By William Laurent
Widely published in the areas of business, Web3, and crypto/blockchain tech, William serves as the Editor-in-Chief for FastBlocks.com. He has advised over 30 Fortune 500 companies across North America and Asia on content strategy, marketing analytics, and digital/cultural transformation. William is an influential educator, writer, artist, and crypto dad. His artwork and NFTs are sought-after collectibles. Connect with William on Twitter, LinkedIn, and WilliamLaurent.com
Nothing William writes should be construed as financial advice. He is not a financial advisor. DYOR.