The Evolution of NFTs and Future Outlook

Since the explosion of NFTs in 2021, they have gone through several stages of development, gradually moving from a niche market to the mainstream. The evolution process can be roughly divided into seven stages: celebrity cards/digital art, avatar OG, generative art, GameFi, PFP avatar parties, decentralized NFTs, and metaverse games.

By sorting out the development history of NFTs, the following characteristics and trends can be summarized:

• NFT is endowed with more functionality
• Pursue originality and scarcity
• Gradually moving towards the mainstream
• Bottom-up, community-driven
• The social attributes are becoming stronger.
• Unfair Minting
• Tending to homogeneity

Looking to the future, several directions worth paying attention to regarding NFTs include:

• Composable NFT
• xFi( SocialFi, CreateFi, LearnFi, etc. )
• Pricing mechanism and liquidity solution
• Decentralized Identity ( DID )
• Other innovative forms ( POW NFT, interoperable NFT, growth NFT, etc. )

NFT, as an important component of Web3, will play a significant role in various fields such as gaming, social interaction, creation, and learning in the future. With the improvement of infrastructure and the expansion of application scenarios, NFT is expected to usher in larger-scale applications and development.