NFTs: Beyond the Initial Hype and Into the Future

Looking at what NFT’s and if the use of them are dead?

Recently, let call him an acquaintance of mine, a staunch anti-crypto/NFT individual, approached me with a triumphant grin. “You see,” they began, their demeanour dripping with vindication ,

“NFTs were a scam. They’ve crashed, their value has plummeted. I told you so.”

I took a moment, then responded. “NFTs are far from dead,” I began. “Yes, the initial market cycle has seen its highs and lows, and things might seem quiet now. But isn’t that the nature of most groundbreaking innovations? Remember the early 2000s when the internet boomed and then faced its bust? It was a similar narrative back then. After a crash, there’s always a period of consolidation and innovation. We’re in that phase now.”

But there’s more to the story of NFTs than just market cycles. Lets look at the Governments worldwide are exploring NFT technology for uses in a legal capacity and archives . Prestigious brands like LVMH, Gucci , Ferrari  are already in the space and growing their presence there. In my personal opinion we’ve barely scratched the surface of its physical applications. We at RATE Group have been working with application of this in Hotel , Champagne , Property and Bitcoin mining to name a few as we see huge application for this across the board .

In my view, NFTs are gearing up for their next act. They’re far from being a mere flash in the pan. In fact, now might be the perfect time to get involved, to understand their potential, and to be part of the next wave of innovation , if you like to know more about this drop me a message .

Lock and Load

Tony

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