It has been suggested that the new cycle in the $NFT The market may not be driven by profile photo (PFP)-focused collections as in the past, but by tokenized physical assets and digital use cases.
OpenSea CMO Adam Hollander explained that future $NFT growth could come from tokenized products such as Pokémon trading cards, Rolex watches, digital tickets and in-game assets.
Hollander stated that in the period 2021-2022 the $NFT The market was largely formed around speculative transactions and avatar-based collections, but the primary use case for that was $NFT technology verifies ownership of digital and real assets. Therefore, he suggested that assets with more functional and realistic use cases could come to the fore in the new era.
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Hollander also stated that advances in AI technologies have lowered the barriers to entry in digital art, animation, gaming and on-chain asset production, arguing that this is an important factor that could accelerate the development of digital art, animation, gaming and on-chain asset production. $NFT adoption.
Hollander also stated that OpenSea is currently developing a unified asset management system for users to manage $NFT and crypto assets across wallets and blockchains through a single platform, and that they are working on Apple Pay-like fiat payment experiences to streamline the onboarding process. The company is also developing features that allow viewing tokenized assets in US dollars.
Hollander also spoke about the highly anticipated SEA token, stating that a “memecoin” model that only generates short-term interest cannot create long-term value. Therefore, he said, OpenSea’s priority is first to create a sustainable business model.
*This is not investment advice.