Top-10 NFT business trends 2023
Jul 31, 20233 min read
Top-10 NFT business trends 2023

More traditional industries like real estate, finance, and entertainment will likely adopt NFTs in their operations, but the use of NFTs in the gaming industry will stay in top.


1. Increased Adoption by Traditional Industries: More traditional industries like real estate, finance, and entertainment will likely adopt NFTs in their operations. This could include tokenizing assets or using NFTs for unique digital experiences. The ArtCollecting's Web3 team has already started working on corporate Web3 projects.


2. Integration with Metaverse: As the concept of the metaverse continues to gain traction, NFTs will play a significant role in this virtual world. They will be used to buy, sell, and trade virtual goods and properties. We are constantly monitoring new projects in Decentraland, Spatial, The Sandbox and the other metaverses. 


3. More Regulation: As the NFT market continues to grow, it's likely that more regulations will be put in place to protect consumers and prevent fraud. This could include measures to verify the authenticity of NFTs and ensure fair trading practices.


4. NFTs for Intellectual Property Rights: Artists and creators will increasingly use NFTs to protect their intellectual property rights. This could revolutionize the way royalties and copyrights are managed. ArtCollecting.Fun has become the first NFT platform that opens the possibility for the sale of licenses for works of digital art. Every NFT is a license. 


5. Environmental Impact: As concerns about the environmental impact of NFTs and blockchain technology continue to grow, we may see more eco-friendly alternatives and solutions being developed.


6. Fractional Ownership: The trend of fractional ownership of NFTs may become more popular, allowing more people to invest in high-value NFTs. 


7. NFTs in Gaming: The use of NFTs in the gaming industry will likely increase, with players being able to own, trade, and sell in-game assets as NFTs.


8. Celebrity and Brand Engagement: More celebrities and brands will likely engage with NFTs, either by releasing their own or by partnering with NFT platforms.


9. Cross-Chain Interoperability: As more blockchains start supporting NFT standards, cross-chain interoperability will become a significant trend, allowing NFTs to be traded across different blockchains.


10. NFT Marketplaces: The growth of NFT marketplaces will continue, with more features and services being offered to attract users and facilitate the buying and selling of NFTs.