NFT's are done. The spectacular rise and fall from humble beginnings has killed the wild speculation, "future utility" and mass conference hysteria are gone.
But we are just getting started. There once was a small transformational file format called MP3's, remember when it would allow you to transfer and hold any music or audio clip for the first time? We used to send them back and forth to eachother, download them from marketplaces and copy them to share with our friends.
In a lot of ways, the NFT ownership technology is similar to the MP3 file format that transformed music and digital media.
Stripping out the emotional reactions to Crypto, an NFT is simply the current ownership state and a link to a piece of digital media. What it trades for and what it looks like or holds is solely up to creators and the free marketplace.
What the NFT "file" format enables is much the same as what MP3's revolutionized; the ability to own, listen/enjoy, transfer and trade on an open music sharing service like bearshare, napster, Limewire ect.
Most importantly, NFT's enable a standard to move digital media around the internet like email, in a peer to peer way, with open marketplaces for buying and selling. NFT's are a global standard, with so much potential.
From my beginnings buying NFT's in 2017 to now, there is no doubt in my mind that the technology will get further abstracted from the user, become easier to use and will continue to revolutionize the internet of valueble digital media.
We are just getting started anon.
The ponzi is over, but NFT technology will continue.
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