The adoption of cryptocurrency is slow, to say the least. Yet, it is needless to say that here and there you can find businesses taking up or at least toying with the idea of accepting cryptocurrency as one of their payment media. There are businesses, most of which are in the field of digital art and gaming, which have launched NFTs for individual products and services. Indeed, news reports suggest that there are NFTs on the weirdest of items launched in the crypto marketplace. These include Beeple’s Trump corpse, Jack Dorsey’s first tweet, embroidered vest, and more.
Non Fungible Tokens
NFT is short for non-fungible tokens. The success of NFTs has opened a floodgate of NFTs. Now, almost everything can be put up in the marketplace and converted into an NFT. There is always somebody interested in it howsoever weirdest stuff it might be. NFTs are launched by crypto trading firms since NFTs are opened and traded on the Ethereum blockchain. Other blockchains are also gearing up to accept NFTs.
NFTs In Virtual Gaming
It is no surprise that virtual gaming is the first to board the crypto bus. Indeed, crypto started its real-world journey through the world of virtual gaming. There is a host of virtual world games and series that you can trade in crypto. There are NFTs of sporting series and fans are falling for these. The makers of these games are raking in money by launching these NFTs. Now it seems it is the turn of real-world gaming to board the NFT bus.
From Virtual To Real Gaming
With blockchain becoming a source of earning for many virtual gaming platforms, it seems to be the turn of real-world gaming to take a peek inside the world of NFTs. The National Football League also seems to be planning a digital strategy for marketing, advertising, and sponsorships of their future games. However, until its strategy is revealed, it is prohibited all the teams under its umbrella from selling sponsorships to crypto trading firms and their own NFTs.
Conclusion
It appears that NFTs are all set to become a craze in the market. More and more businesses and people are adopting them. Although virtual gaming and digital art are the foremost in adopting cryptocurrency, more entities are set to adopt it. Indeed, real-world sports may not be too far from adopting NFTs through crypto trading firms. The national football league of America may also be thinking on the same lines. However, till, it decides its strategy it has put things on hold.
