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Which Industry Have NFTs Found the Most Success?

In spite of the general disdain that the public has garnered for NFTs, NFTs have actually managed to find some success in more than a few industries. This is especially the case when you compare the value of most NFTs with something like the current EVMOS price – NFTs seem to look a lot more promising when compared to the majority of other investments right now. 

In particular, there are three industries in which NFTs have found huge success, and we are going to be going through all of the top NFTs industries here with you today in this article. Let’s just dive straight into it. 

The Music Industry Has Welcomed NFTs With Open Arms 

To the surprise of many, the music industry was perhaps the first industry to adopt NFTs on a wide scale, and this fondness for NFTs is something that has stayed true to this day. Almost every famous rapper/artist now has their own NFT, and while the debate as to whether or not this is a good or bad thing is still ongoing, it’s undeniably a good thing for NFTs.

NFTs are impacting the music industry in a variety of ways, and at this point, NFTs are almost synonymous with the music industry itself. However, as you may already know, the music industry’s adoption of NFTs was not taken as a positive thing by some.

In fact, the way that most famous artists handled NFTs has put a sizable portion of people off NFTs completely – most people do not make the same mistake twice. 

There have been more than just a few scandalous situations involving NFTs and music artists, and this is one of the main reasons as to why the general public has formed a negative opinion about NFTs

Nevertheless; the music industry has welcomed NFTs with open arms, and for all intents and purposes, the music industry is one of the largest industries that NFTs have taken over. 

Certain Sports Associations Have Implemented NFTs In a Big Way

Another industry that NFTs have found success in is the sports industry. Many sports associations have taken to creating NFTs for various sports teams to raise extra funding and promote certain events, and from everything we have seen thus far, this decision has been a resounding success.

Just think about it; NFTs are perfect for use in the sports industry. In a way, NFTs in the sports industry are yet another version of the age-old card collection fantasy – a hobby that has been popular in sports for aeons.

This comparison is more accurate than you may first assume. In the same way that some cards can be tremendously valuable and widely sought-after, the exact same thing can be said for certain NFTs, and this makes NFTs a near-ideal fit for the sports industry.

There is perhaps no other industry in which NFTs have been able to fit in so seamlessly, and in all likelihood, NFTs are going to be a big deal in the sports industry for years to come. 

Read Also: Hoodies are one of the most versatile and comfortable items of clothing that you can own

NFTs Are Slowly But Surely Breaking Into Gaming 

Last but certainly not least; we have the gaming industry. While progress has most definitely been a little slow, there is no doubt that the gaming industry is showing huge potential for NFTs, and it is highly likely that we are going to see NFTs play more and more of a role in gaming as time moves forward.

There are already major plans in the works from massive gaming corporations to implement NFTs into gaming on a wide scale. Although, this comes as no surprise.

The premise of being able to own your very own one-of-a-kind cosmetics in-game is incredibly enticing to the vast majority of gamers, and something akin to this has been in-demand for almost as long as gaming has been around. 

This is even more so the case when you factor in that each and every one of said items have a real price tag that can be capitalised on whenever a player may wish.

The potential that NFTs have in the gaming industry is truly incredible, and we have not even seen a fraction of what the future holds in store for us yet. Once gamers become more accepting of NFTs and all of the NFT horror stories begin to fade into obscurity, NFTs are going to become an integral part of the gaming experience, and it would not be a surprise to see them feature in most games in just a few years. 

So, were you surprised to find out that NFTs have actually found success in more than just a few massive industries? If you are like most, the answer to this question is likely going to be a yes.

While the average person may still hold ill will for NFTs (this is arguably reasonable when you factor in some of the scams that have been pulled in this area) most large corporations and industries recognise the potential that NFTs offer, and this is exactly why they have been adopted on such a large scale. See you next time. 

IITSWEB
IITSWEBhttps://iitsweb.com
IITSWEB is the Chief Business Development Officer at IITSWEB, a Magento design and development company headquartered in Redwood City, California. He is a Member of the Magento Association and an Adobe Sales Accredited Magento Commerce professional. Jan is responsible for developing and leading the sales and digital marketing strategies of the company. He is passionate about ecommerce and Magento in particular — throughout the years his articles have been featured on Retail Dive, Hacker Noon, Chief Marketer, Mobile Marketer, TMCnet, and many others.

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