For all the buzz around NFTs, much of the general public still doesn’t quite understand what they are or how they work. But they’re poised to become key aspects of a wide range of industries, from entertainment to law. In the lead-up to the NFT LA conference, a panel of experts joined Roundtable to discuss innovations in the space and what they’re looking forward to.
In this segment, the panel discusses use cases that can foster NFT adoption for users who aren’t tech-savvy.
Joel Comm anticipates that the profits from play-to-earn gaming will continue to attract people curious about the blockchain.
“This is going to be the year that the media latches on to a handful of young people that are making more than their teachers and parents,” he said. “You're gonna hear about this kid that's making half a million dollars a year playing a blockchain play-to-earn game, and all of a sudden people are going to go, how do I do that?”
For those outside the gaming world, though, Joshua Kriger sees NFTs potentially being used for applications as quotidian as grocery shopping.
“Membership cards is an area where that this could happen,” he explains. “Millions of Americans shop at Costco and pay that $60 fee every year for their card. That could be an NFT.”
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Watch the full discussion below:
Joel Comm, Co-host, The Bad Crypto Podcast
Major Dream Williams, Co-Founder, Lux.DAO
Jillian Godsil, Founder & Editor-In-Chief, BlockLeaders