NFTs are one of the most interesting forms of investment in the modern world. There is so much mystery and niche surrounding the technology, and this mystery is what makes it so exciting to watch.
Most people only know about NFTs because of the Gifs and Artworks that are selling for hundreds of thousands of dollars. But NFTs can be so much more than art. To prove my point, I asked Click Clone Cash for an interview.
If you don’t know, Click Clone Cash is an organization of NFT experts and the source market analysis, news, and insight into new NFT projects. If anyone can explain, it’s going to be Click Clone Cash! Now, let’s get to the interview.
Can you tell us what it is about NFTs that make them so sought after? Why are NFT art, videos, and the like worth so much?
Well, the thing with NFTs is that they are all unique. So usually, if you have a file, let’s say an image file, all you have to do is copy and paste that file.
Now you have two completely identical files, you send them out, and no one will know which is the original or who the owner of it is. With NFTs, there is only one, and you know who owns it. That’s the allure of the technology.
That’s another thing about the technology. It is limitless in possibilities. People can make art, make music, and make albums, and all of these things can be minted as an NFT and traded. The blockchain is absolutely phenomenal.
There are video game developers creating NFTs for in-game items to give their players something of real value, Nike has a line of Cryptokicks, which are virtual shoes, and virtual worlds like Decentriland have so many uses for NFTs.
Oh yeah, just about any big-name company you can think of probably has at least a toe in the game. McDonald’s, Taco Bell, WWE, Nike, you name it, have likely experimented with the technology. It’s just too good to ignore, and there are so many directions to take.
Sure there are. You can store anything from tickets to proof of sale documents. People have even started experimenting with the technology for use in data storage.
There’s no better place to store sensitive documents than an NFT because NFTs are not hackable. Not without significant human error, and I mean things like giving away your password. I see a future where all significant contracts are done via the blockchain.
Absolutely, we here at Click Clone Cash believe that NFTs are the future, plain and simple. Right now, art is just one of the most popular uses and easiest for people to get into.
In the future, however, we expect to see a lot more companies using the technology how Nike is. We also expect to see a lot more practical and less artistic uses: contracts, code storage, things like that.