Community is not the ONLY thing (NFTs must offer more)

TL;DR

• There are only a limited number of Discord community chats that people in the NFT space can put up with before they get tired.

• Which means that “community access” will at some point become an oversaturated selling point and become a burden.

• And if NFTs will eventually be used by everyone, art and community access can’t be the only uses (it won’t scale).

• So we thought we’d spit out a potential timeline between now and where NFTs are at everywhere. Here’s the rough timeline of applications we envision:

• Art & Collectibles → Community Access → Gaming (👈 we are currently here) → Online Social Identities/Accounts → Everywhere.

Full story

So the Azuki team just announced that they will be releasing 20,000 new NFTs!

Each NFT in the ‘Elementals’ series grants holders access to…something – no one remembers, it was only recently announced.

But given the scale of the Azuki project, it’s likely to be more than just new art and access to a closed online community.

Actually, at this point it should…

Not just for Azuki, but for all projects. This is our thinking:

There are only a limited number of Discord community chats that people in the NFT space can put up with before they get tired.

(At some point, “community access” will no doubt become an oversaturated selling point and become a burden).

Which made us wonder…

If NFTs first functioned as “digital art” and then evolved to allow access to gated online communities – where does it all go from here?

Because if NFTs will eventually be used by everyone, art and community access can’t be the only uses (it won’t scale).

So we thought we’d spit out a potential timeline between now and where NFTs are at everywhere.

Here’s the rough timeline of applications we envision:

Art & Collectibles → Community Access → Gaming (👈 we are currently here) → Online Social Identities/Accounts → Everywhere.

If we had to summarize, we would summarize each milestone as follows:

1. Art & Collectibles: digital art and collectibles made salable.

2. Community Access: NFT-gated online communities.

3. Gaming: Collect NFTs as in-game items.

4. Online Social Identities/Accounts: Think ‘Sign in with Google’, but it’s ‘Sign in with a crypto wallet with a particular NFT’. The difference is, you own your digital identity/data, instead of Google.

5. Everywhere-ness: All of the above… Plus: Anything that requires proof of ownership, ticketing, or rewards (flights, concerts, movies, conferences, real estate, loyalty programs, etc.)

The bottleneck:

Blockchain systems need to become much cheaper, faster and easier to use for the above to happen.

(They should be largely indistinguishable from our current Web2 experiences).

Shall we get there? No idea ¯\_(ツ)_/¯

But it would much cooler if we did.