NFT Trends to Watch
Numerous new applications for NFTs have been emerging since the market for them exploded. NFTs entered the decentralized banking, art, gaming, smart contracts, fundraising, and many more industries in 2021. These are the most popular NFT trends that are shaping conversations.
Using your NFTs for Loans
Creators are using their NFTs and NFT collections as collateral to obtain loans for new potential ventures and emergencies. NFT loans are an emerging use case. DeFi (decentralized finance) platforms that facilitate the use of NFTs as collateral for loans were widely established in the recent NFT boom.
Big Brands Jumping into NFTs
Food companies like Taco Bell, McDonald’s, and Campbell’s as well as luxury brands like Louis Vuitton, Nike, and Gucci are releasing limited-edition NFT collectibles as a way to support charities, create new revenue streams, increase social media engagement, and strengthen customer loyalty.
Wearable NFTs in the Metaverse
NFT wearables are digital accessories and virtual apparel that you may use to customize your avatar’s appearance in the metaverse. The trend of digital fashion is expanding. NFTs that are implemented on blockchains may be used by designers to guarantee the originality, authenticity, and ownership of clothing and accessories. Fashion icons in the metaverse include Adidas, Nike, Gucci, Louis Vuitton, and Burberry.
Into the Metaverse is being introduced by Adidas through its lifestyle brand, Adidas Originals.
Real Estate NFTs
Real estate NFTs may be found in virtual environments known as “the metaverse,” where users are free to interact with and create nearly whatever they choose. Users are able to purchase plots of land in the virtual world just like in real life, within the space designated for the platform and better locations would be priced more
The virtual destination for digital assets. Buy and sell Land, Estates, Avatar wearables and names in the Decentraland Marketplace.
A metaverse called Cryptovoxels was created using the Ethereum network. Real-world infrastructure including roads, buildings, lands, etc. may be found in this virtual environment. Users are allowed to own land parcels and erect buildings on top of them. Land plots may be bought with ethereum.
Polka City is the world’s first 3D & AR NFT multichain platform and video game. Users can earn profits by owning virtual taxis, gas stations, and services.
Prada has announced an expansion into Web3 with the launch of its own NFT collection, which will be available alongside the Prada Timecapsule. Additionally, “Prada Crypted,” the brand’s new open community Discord server, will be launched at the same time. Prada had airdropped their NFTs with its Timecapsule apparels.
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NFT Trends
Summary
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