NFTs In 2023: What We Can Expect Next

The term NFTs, otherwise known as non-fungible tokens, has been on everyone’s lips recently. But how much do you actually know about them, and where are they heading as 2023 starts to unfold? In this article, we’ll be covering this topic and delving deeper into the possibilities that advances in NFTs can bring.

What are NFTs?

Before we go any further, perhaps it’s worth establishing what NFTs are. Non-fungible tokens are digital assets with blockchain verification and encryption. You can generate them from various things, including music, digital pictures, and more, and the fascinating thing is that they are all entirely original. NFTs became one of the most promising digital trends in the early 2020s and are expected to make their mark even further into the future.

This creative trend could significantly affect the world’s online web community as we know it. With this in mind, let’s look take a look at some of the things we can expect regarding NFTs this coming year!

Artificial intelligence

Artificial Intelligence, otherwise known as AI, has already touched upon many different parts of technology, NFTs included. However, we predict artificial intelligence to integrate with NFTs even more soon as various artists start experimenting with the boundaries that machine-generated creativity can produce. After all, some fresh artists have already begun to utilize this innovative system in their current collections. Plus, you can discover artificial intelligence-created NFTs on specific online platforms.

Women involvement

Initially, the NFT trend was dominated by men. However, as NFTs start to grow in popularity, we can expect more women to get involved with what this digital obsession has to offer. Indeed, some women-led projects concerning NFTs have already led to a slight gender shift in this area, with role models paving the way for more women to experiment in this field.

The metaverse

NFTs appear to be celebrating all things art as they continue to become more widespread. After all, they have allowed artists to get ahead of the game with the opportunity to transform physical works into digital pieces which can be solved online. One of the growing trends in this area is metaverse galleries. These kinds of innovative platforms allow artists to display their works in ‘galleries’ of the metaverses, which can be viewed using special glasses. Furthermore, NFT auction houses are starting to be used, in which individuals bid to be the owner of digital assets. This approach suggests that digital art will undoubtedly be in increasing demand in the upcoming years.

Conclusion

This article has covered what we can expect from NFTs in the upcoming year and beyond. This advancing focus on technology has given us a lot to be intrigued by as we wonder how art can develop next. We can only wait and see how technology will shake up our art industry next!