Originally published on: December 05, 2024
In the latest episode of the Hashing It Out podcast, Jana Bertram, Head of Strategy at RARI Foundation, delves into the ever-evolving world of non-fungible tokens (NFTs) and what the future holds for this groundbreaking technology. Host Elisha Owusu Akyaw leads the discussion as Bertram sheds light on the current state of NFTs and their potential for innovation.
While the hype surrounding NFTs may have tapered off, Bertram remains optimistic about the future of the technology. She believes that the NFT bull market, which captured the attention of the world with its digital collectibles craze, will resurface in a new and improved form. Despite a decline in trading volumes, NFTs continue to play a crucial role in empowering creators and unlocking new possibilities, such as real-world asset tokenization.
One of the key issues facing the NFT space is the debate around royalties. With some marketplaces making royalties optional, creators are seeing their earnings impacted. Bertram emphasizes the need to strike a balance between creators’ rights and market dynamics to ensure a fair and sustainable ecosystem.
Bertram also touches on the challenges of scalability and affordability in the Web3 space. Thanks to advancements in blockchain infrastructure, NFT transactions are becoming more cost-effective, paving the way for wider adoption and innovation.
Looking ahead, Bertram envisions a future where NFTs move beyond art and collectibles to encompass practical applications like identity verification and healthcare documentation. Despite lingering skepticism and negative perceptions, NFT technology continues to evolve, offering diverse and inclusive opportunities in the years to come.
Tune in to the full episode of Hashing It Out on Cointelegraph’s podcast page, Spotify, Apple Podcasts, or your preferred platform. And be sure to explore Cointelegraph’s wide range of podcast shows for more engaging and informative content!
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