Top 5 Trends in NFT Development That Will Reshape the Future

From 2021 to now, NFT quickly attracted a lot of attention from users. Outstanding NFT projects are also well known and interested by many people. So, what trends and areas will NFTs develop in the future?

NFT (Non-Fungible Token) is a digital asset using cryptographic blockchain technology. NFT is unique and cannot be exchanged or swapped because each minted token has its unique identifier code. Many types of NFT, including images, videos, music, GIFs, collections, etc**.**

1. Real Property

One of the drawbacks of investing in real estate is the complexity of transferring property ownership. However, the process of buying and selling requires a lot of paperwork. Thanks to the introduction of NFT simplifies the transaction process in minutes.

All terms and conditions are converted into Smart Contracts and stored as NFTs. Each asset has a unique identifier that cannot be tampered with. In addition, blockchain technology and NFT make transactions with a high level of security.

2. Art

NFT opens up an excellent opportunity for artists. Artists have more control over the work they produce without having to depend on companies and intermediaries. In addition, artists can connect with customers and sell their work directly to customers. Furthermore, NFT also minimizes the copying brought about by the internet.

3. Event and ticket

NFT is used as a "membership card" in events and conferences. Not only that, but NFT also supports providing access to other NFT exclusive conferences and webinars, free airdrops, and more. As NFT provides immutable proof of ownership on the blockchain, solving significant problems such as counterfeiting and theft of digital assets.

NFT Ticket solves the problems of traditional ticketing. With NFT Ticket, Smart Contract is exchanged between buyer and seller and stored on the blockchain. One example is Veecon, a sizeable multi-day conference where only VeeCon NFT ticket holders can access the event.

4. Health care

The development of blockchain technology in the healthcare industry is expected to bring many benefits. Some of the areas where NFT could be used in blockchain in healthcare such as

• Block banks and blood donation organizations advocate storing donor information in NFT tokens for easy tracking. Monitor and distribute as needed.
• Pharmaceutical manufacturers are encouraged to use NFTs to store drug data to ensure authenticity and traceability.
• Patient records and prescriptions can be encrypted to improve treatments.

5. Metaverse

Metaverse is a virtual space that allows anyone to introduce digital assets and NFTs, allowing anyone to buy and sell digital assets.

In addition, the virtual world metaverse helps brands advertise products without hiring expensive locations. With only a tiny space in the metaverse, they can advertise, display products, and combine AR and VR to create new experiences that attract users.

NFTs Metaverse can integrate personal profiles with contact information, games with finance, create virtual identities, join social communities, NFTs, and more.

To summarize, NFT is gradually becoming a popular trend for individuals, organizations, and businesses. With the continuous acceleration of technology and society, NFT will have a lot of potential for development and spread widely in all areas of life today.