Rest in peace, profile pictures. Long live NFTs! | Opinion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Oct 16 2024NFTs' Current Status: Despite the decline in trading volumes and negative public perception following the 2021 NFT craze, NFTs still hold significant potential as unique digital assets that can represent ownership and provide various utilities beyond mere collectibles.
Future of NFTs: The transformative power of NFTs lies in their ability to establish digital ownership and offer diverse functionalities, such as access to exclusive events and participation in decentralized governance, which could play a crucial role in the evolving digital economy.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
