Originally published on: December 05, 2024
In a recent episode of the Hashing It Out podcast, Jana Bertram, Head of Strategy at RARI Foundation, delves into the changing landscape of non-fungible tokens (NFTs) and their future prospects. Engaging with host Elisha Owusu Akyaw, Bertram refutes claims of NFTs being dead, emphasizing their continued significance in the digital realm.
While acknowledging a decline in NFT trading volumes, Bertram predicts a transformation in the way NFTs are perceived and utilized. The hype surrounding NFTs may have waned, but their potential to empower creators and facilitate innovative applications like real-world asset tokenization remains strong.
One pressing issue highlighted by Bertram is the ongoing debate around royalties in the NFT space. With some platforms making royalties optional, creators are facing reduced earnings, prompting a reevaluation of how to safeguard creators’ rights amidst market fluctuations.
Addressing scalability and affordability concerns, Bertram mentions how blockchain advancements have made NFT transactions more cost-effective, clearing the path for wider adoption and use cases.
Looking towards the future, Bertram envisions NFTs branching out into new territories beyond art and collectibles, with a focus on practical applications such as identity verification and healthcare documentation. Despite lingering skepticism and negative perceptions associated with NFTs, Bertram remains optimistic about the technology’s evolution and its potential for broader applications in various industries.
To delve deeper into the conversation, tune in to the full episode of Hashing It Out on Cointelegraph’s podcast page, Spotify, Apple Podcasts, or your preferred platform. And explore Cointelegraph’s diverse array of shows to stay informed about the latest trends and developments in the world of cryptocurrency.
Check out: Comeback 2025: Is Ethereum poised to catch up with Bitcoin and Solana for more intriguing insights.
For more thought-provoking articles and exclusive insights, subscribe to the Markets Outlook newsletter. Receive valuable updates every Monday to enhance your investment strategies and stay ahead of market trends. Join us on this exciting journey of discovery and growth in the digital frontier!