Minting is the process of creating and solidifying a digital asset on a blockchain. Currently, the minting process differs depending on the platforms used, such as OpenSea, Rarible, and Foundation. The different minting structures and smart contract standards have led to cross-platform compatibility issues, which has discouraged many creators. A standardized process will enable a whole new class of entrants to participate in the ecosystem with confidence, knowing an industry standard exists for minting their new digital assets.

 

Play-to-earn was a concept popularized in the blockchain-based gaming sector in 2019 to further align users with investors and projects. The enablement of P2E games will revolutionize the gaming industry, transforming it from a passive entertainment activity to an active revenue stream for players. Playing a game will signify a direct relationship to the ecosystem, providing early supporters greater benefits from the successes of the game.

 

Purchasers of collectibles and art-based NFTs obtain inclusion in a community and ownership of an asset. The asset is theoretically 1 dimensional, lacking character, history, or any narrative context. The community offers an opportunity to enhance NFTs by building out their intellectual property. The creation of a rich backstory supported by books, games, and movies will help increase asset value.

 

Fractionalized investing produces a means to increase NFT liquidity and provides access to a community owned asset. Dividing an asset has potential ramifications with securities laws, due to its distribution of value and high yield bearing opportunities. How and when will fractionalized shares of NFTs be regarded within the ecosystem by regulatory bodies?

 

NFTs are a means toward world digitization. Anything that is unique and non-interchangeable, can be a non-fungible token, from tax forms, to residential property, to music, to royalty rights, with the list going on from there. NFTs with both monetary and non-monetary value will make the digital migration, following in the footsteps of money, communication, news, and other sectors of our daily lives.