Five New Frontiers for NFTs

5. Financialization of NFTs

2. Co-creation & Collaborative Ownership

-LinkedIn of NFTs: As we earn non-transferrable NFT “badges” through past actions like attending events, voting in DAOs, or providing liquidity in defi, social media platforms will develop based on the badges we accrue. We may see the LinkedIn of NFTs where our resumes are simply visual reputation display spaces that show past contributions. People... See more

-We'll see a Decentralized Patreon: Creators will use NFTs and social tokens to create an economy around their communities.

-Communities will reward NFTs based on contributions: NFTs may be given to community members based on their contributions. For example, specific NFTs may be awarded to the community member most active in governance, the top code contributors, or community members most active in the comments, etc.

Fans will no longer be passive consumers. The biggest fans will be part of the creation process.

-Rewarding early supporters with exclusive access to content: 3LAU gives his users exclusive access to unreleased songs or new opportunities to engage with him. To qualify to purchase some of the pieces in 3LAU’s latest sale, users need to own previous 3LAU NFTs.

Prediction:

3. On-Chain Reputation & Identity

People will earn non-transferrable NFTs like “badges” based on actions they’ve taken. The NFTs that people own will be a unique fingerprint that identifies them based on their past activities. This reputation history will be used as an on-chain identity to unlock new opportunities.