creation: What NFT v. 2.0 will bring into the crypto sphere? Interesting NFT v. 2.0 projects

creation: What NFT v. 2.0 will bring into the crypto sphere? Interesting NFT v. 2.0 projects

< Show Wisdom Collection: What NFT v. 2.0 will bring into the crypto sphere? Interesting NFT v. 2.0 projectsarticle avatarJames Barcus

IT VP

What are the differences between NFT and NFT v. 2.0 in your own words?

NFT 1.0, in the most basic terms, is a rare gif or jpg whose value is determined by consensus. In my opinion it makes any NFT a higher risk. NFT 2.0 reduces risk by making the NFTs much more difficult to scam, or hack. It makes higher priced NFTs at least partly attainable by allowing portions to be sold to individuals. It incentivizes NFT creators to create high quality projects because they can receive royalties for each time their creation sales. And you can also add the passive income that can be generated by holding or leasing NFTs, the ability to customize and upgrade, and the ability to link to other NFTs makes the overall possible value more likely by adding true value in the NFT asset itself.

What NFT v. 2.0 will bring into the crypto sphere?

Due to the fact we are just scraping the surface it is hard to be specific about what the future will hold, but with NFTs being able to store data and use smart contracts it opens a whole world of potential. NFTs have gone from incredibly expensive low-resolution pics to replacing real world assets like pink slips, leases, deeds, and contracts. NFTs may very well end up being one of the most functional and important part of the future of crypto.

Based on your research, which NFT v. 2.0 projects do you find most interesting and why?

The projects I find most interesting are not the NFT drops on a marketplace, but the projects pushing and moving NFTs along in their evolution. These projects would include RMRK, Arweave, the Sandbox and Decentraland, VeChain, CryptoKicks, Sidus, Alethia AI, and MetaHero to name a few. The simple reason is that these are the innovators that driving NFTs to their destination of being one of the most important and useful parts of crypto and may be the main reason for it's world-wide adoption.

article avatarTiago Costa

Autonomo

What are the differences between NFT and NFT v. 2.0 in your own words?

the direct distribution of royalties, using non-fungible tokens on top of a smart contract-based rights allocation layer.

What NFT v. 2.0 will bring into the crypto sphere?

the possibility of openly registering copyrights on public blockchains, which enabled the mapping of open cultural resources and the creation of the positive public domain

Based on your research, which NFT v. 2.0 projects do you find most interesting and why?

Illuvium is a 3D role-playing game that lets you create characters and enjoy real-time gameplay. It offers its community a unique opportunity to collect, trade, battle, and win rare items in games.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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