Originally published on: December 05, 2024
In an engaging discussion on episode 65 of the Hashing It Out podcast, Jana Bertram, the Head of Strategy at RARI Foundation, delves into the ever-changing landscape of non-fungible tokens (NFTs) and their promising future. Host Elisha Owusu Akyaw guides the conversation as Bertram explores the current state of NFTs and what lies ahead for this innovative technology.
While acknowledging the recent dip in NFT trading volumes, Bertram remains optimistic about the future of NFTs. She recognizes that the previous hype surrounding NFTs may have quieted down, but the technology continues to play a crucial role in empowering creators and fueling inventive use cases like real-world asset tokenization.
One of the key issues brought to light by Bertram is the ongoing debate around royalties in the NFT space. With some marketplaces making royalties optional, creators’ earnings have been significantly impacted. This has led the industry to reassess how to balance creators’ rights with market dynamics, striving for a fair and sustainable ecosystem.
The discussion also touches on scalability and affordability in the Web3 space. Bertram highlights the advancements in blockchain infrastructure that have made NFT transactions more cost-effective, paving the way for broader adoption and innovation in the NFT space.
Looking towards the future, Bertram envisions NFTs expanding beyond digital art and collectibles, with a focus on practical applications such as identity verification, ownership records, and healthcare documentation. Despite public perceptions of NFTs being linked to speculative trading, the underlying technology is evolving, offering a wide range of applications and opportunities for inclusive participation.
Tune in to the enlightening episode of Hashing It Out on Cointelegraph’s podcast page, Spotify, Apple Podcasts, or your favorite podcast platform. Explore more insightful content like this and stay informed about the latest trends in the world of blockchain and cryptocurrency.
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