NFTs and Their Role in Decentralized Betting

The future for NFTs is bright and we’re only scratching the surface of what NFTs will evolve into. There is no one-size-fits-all approach and that’s what makes this industry so exciting.  An NFT collection needs to have community, access, and utility to create collective value.

What’s lost amidst the shock & awe headlines, though, is that NFT’s are likely to be the most formative business model catalyst in the entire crypto space. This is because they provide a way to prove ownership to unique digital assets, and prevent counterfeits.

Unlike visual nfts which naturally had a surface area on which to flex ownership (Twitter & particularly the profile pic), other categories of NFTs don't naturally have a space for showcasing ownership. Music NFTs, fashion NFTs, writing NFTs all need new consumption experiences.

NFTs supercharge culture by making culture ownable. Through ownership, investors have a chance to earn more than financial value. This is the key difference between passive investing and active ownership of an asset – the ability to make an impact.

Azuro x Merit CircleWeb3’s composability allows for us to bring our two worlds together and integrate the Azuro protocol into Merit Circle’s soon coming platform, allowing for in-game betting direct from the dashboard. Just like the real world, the metaverse deals with uncertainty in outcomes, in turn, offering opportunities for prediction/betting ... See more

An NFT serves as a digital certificate of authenticity, backed by math, on a public ledger, that incontrovertibly proves that the holder owns a one-of-a-kind digital (and sometimes physical) asset.