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The Past, Present and Future of NFTs

July 25, 2023
in Web3
Reading Time: 2 mins read
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TL;DR

OpenSea has simply launched a brand new product referred to as ‘Offers.’

Now, yow will discover another person who has an NFT (or a number of NFTs) with the same worth to yours – and ask to do a ‘Deal.’

The person accepting the Deal can pay fuel; and as soon as the fuel charge is paid, badda-bing-badda-boom, the NFTs will land within the new customers’ wallets.

Full Story

Let’s take a second to suppose again to early Web3 historical past…all the best way again to 2017.

The rise in recognition of NFTs 🙌

Technically NFTs have existed since 2013, however the rise of the CryptoKitties recreation in 2017 actually put them on the map.

Then got here profile pic (PFP) NFTs.

Resulting in the rise in all types of tasks like Bored Ape Yacht Membership, Azuki, Doodles and many others.

Why the historical past lesson in NFTs?

Nicely, when you’ve owned your PFP NFT for a couple of years and also you’re type of sick of that very same Discord picture you have had perpetually, you could be in luck.

OpenSea has simply launched a brand new product referred to as ‘Offers.’

Now, yow will discover another person who has an NFT (or a number of NFTs) with the same worth to yours – and ask to do a ‘Deal.’

If one of many NFTs is value greater than the opposite, then the person on a budget finish of the deal can ask to incorporate some Ethereum to make it truthful.

The person accepting the Deal can pay fuel; and as soon as the fuel charge is paid, badda-bing-badda-boom, the NFTs will land within the new customers’ wallets.

This can be a cool characteristic, and a reasonably distinctive idea from OpenSea.

Whereas NFTs usually have taken successful in worth over the previous 6-12 months, it is going to be attention-grabbing to see if a product like this may spark the following part for NFTs.

In all probability not. However it’s a cool idea!

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