BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Why NFTs are the Best Onramp for Mass Adoption of Crypto, Blockchain & Web3

BlockNews Team by BlockNews Team
November 12, 2022
in CRYPTO, NFT, OPINION
Reading Time: 5 mins read
1
SHARES
24
VIEWS
Share on XShare in TelegramShare on Reddit

NFTs are the most tangible aspect of blockchain available to the masses. The versatile nature of NFTs makes them more attractive. NFTs can play a vital role in the mass adoption of crypto, blockchain, and web3.

Why are NFTs important?

N NFTs are undoubtedly becoming popular as a source of investing. An NFT offers a mechanism to store cryptocurrency as a digital asset. An NFT has investment potential in that its value may rise more quickly and significantly than an equivalent holding in cryptocurrency.

NFTs can also be used as collateral when asking for cryptocurrency loans or to represent more complicated financial products that can be exchanged on secondary markets (like how a person might use his house as collateral when trying to obtain a loan from a bank). However, this is just the beginning.

More broadly, the prevalence of NFTs reflects the world’s growing emphasis on digital assets. Creating the “metaverse,” a network of online interactive virtual worlds, is receiving much attention and funding. Plots of land in the “metaverse” are currently available for purchase as NFTs on websites (like Sandbox) (so that you can create your own home or store in that virtual world). Digital assets, specifically NFTs, are expected to become more critical as the “metaverse” becomes more sophisticated and well-liked.

The “blockchain” technology and contract that NFTs are based on are another crucial feature. The fact that a contract supports an NFT and that the terms of that contract may, therefore, grant the owner of the NFT and its certain inventor benefits has broad commercial implications. 

Real-Life Examples

Although the NFT market may be unstable, there is potential in it. Because of volatility, investors can design buy-low, and sell-high strategies, which can result in extraordinarily high profits. Additionally, a tumultuous market provides the ideal setting for separating the most substantial projects and holders from the weakest. NFT gaming, ticketing, and streaming are famous examples of more people and brands embracing NFTs. 

NFT Gaming & Ticketing

For instance, play-to-earn (P2E) models are gaining popularity in games like Axie Infinity and Blankos Block Party, which allow players to profit financially. Many businesses, like GET Protocol and Centaurify, are introducing NFTs to the ticketing industry. The ability to store tickets more securely, have greater control over the secondary market, and be treated like digital collectibles are all benefits of creating tickets as NFTs. 

3.3% of global trade in 2019 was made up of the sale of fake goods. According to a recent study, up to 20% of all the paintings that museums own could be fake. This problem is so significant in the sneaker industry that StockX, a shoe verification, and resale platform, is valued at roughly $4 billion. Nike has patented CryptoKicks, a blockchain-based verification mechanism. According to the patent, CryptoKicks may function like an NFT game, allowing players to breed, purchase, and sell sneakers by enabling real-world ownership verification.

Music Industry

The first artist to tokenize an album was DJ 3LAU, who earned $11.6 million from the 33 NFTs of the album he sold. His upcoming endeavor, Royal, aims to revolutionize the streaming music industry. Royal plans to tokenize songs to grant ownership over them using the $16 million of the investment.

Film Industry

A new animated series on the blockchain is one of the NFT initiatives that Fox Entertainment is supporting with $100 million. Along with the release of the movie Dune, Warner Bros. also created collectible NFTs. A recent NFT from Vuele has an Anthony Hopkins movie. Also, funding has been secured for a new NFT show by Steve Aoki. Disney is introducing digital collectible NFTs in conjunction with Disney+ memberships. Comedians can sell their jokes and comedy specials on Jambb as NFTs.

Digital Transformation

The job landscape is shifting because of digital transformation and blockchain technology. NFTs, blockchains, and cryptocurrencies are already being adopted by people more than ever, but this trend will continue to grow. Crypto job postings on Indeed increased by 118% only in 2021. The potential of blockchain and NFTs to verify digital ownership will serve as an economic incentive for adoption, increasing transparency in the digital world. Compared to millennials, Gen Z is more inclined to invest in cryptocurrencies and NFTs than stocks, and as digital assets become more widely accepted, their investments will support market growth. These industries will expand as younger, digitally native generations mature.

Future of NFTs

Businesses are estimated to employ NFTs more and more in the following years as a critical component of their advertising and marketing strategies, revenue generation, and overall business models. Blockchain technology, in which all transactions involving a specific currency are recorded publicly, is here to stay. NFTs (and their related consumer behavior) are a dynamic and fascinating development in this area with broad economic implications.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: cryptoNFTWeb3
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

Here is Why Taiko’s Integration of Chainlink Oracles Could Transform DeFi on Ethereum
CHAINLINK

Here is Why Taiko’s Integration of Chainlink Oracles Could Transform DeFi on Ethereum

September 17, 2025
ADA Price Prediction 2025: How High Can Cardano Go? – Here is What Investors Should Watch
CARDANO

ADA Price Prediction 2025: How High Can Cardano Go? – Here is What Investors Should Watch

September 17, 2025
Here is Why Bonk (BONK) Surged After Partnering With a Nasdaq-Listed Company
CRYPTO

Here is Why Bonk (BONK) Surged After Partnering With a Nasdaq-Listed Company

September 17, 2025
Here is How Dogecoin Turned $1,500 Into $1.1 Million – Can the Original Memecoin Still Deliver?
CRYPTO

Here is How Dogecoin Turned $1,500 Into $1.1 Million – Can the Original Memecoin Still Deliver?

September 17, 2025
Chainlink Partners with Saudi Awwal Bank, Price Struggles to React
BUSINESS

Chainlink Partners with Saudi Awwal Bank, Price Struggles to React

September 17, 2025
Sui Price Prediction: Google Partnership and ETF Filing Signal Big Move Ahead
CRYPTO

Sui Price Prediction: Google Partnership and ETF Filing Signal Big Move Ahead

September 17, 2025
Load More

Related News

Here is Why Taiko’s Integration of Chainlink Oracles Could Transform DeFi on Ethereum

Here is Why Taiko’s Integration of Chainlink Oracles Could Transform DeFi on Ethereum

September 17, 2025
ADA Price Prediction 2025: How High Can Cardano Go? – Here is What Investors Should Watch

ADA Price Prediction 2025: How High Can Cardano Go? – Here is What Investors Should Watch

September 17, 2025
Here is Why Bonk (BONK) Surged After Partnering With a Nasdaq-Listed Company

Here is Why Bonk (BONK) Surged After Partnering With a Nasdaq-Listed Company

September 17, 2025
Here is How Dogecoin Turned $1,500 Into $1.1 Million – Can the Original Memecoin Still Deliver?

Here is How Dogecoin Turned $1,500 Into $1.1 Million – Can the Original Memecoin Still Deliver?

September 17, 2025
Here is How Ripple’s XRP Turned $1,000 Into $5,000 in Just One Year – Can It Happen Again?

Here is How Ripple’s XRP Turned $1,000 Into $5,000 in Just One Year – Can It Happen Again?

September 17, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews