Why NFTs Became An Absolute Novelty?
Let's first understand a familiar conceptual analogy that illustrates the point precisely: First came the mobile phone, then followed by the App Store, next came GPS Apps such as Maps, and then finally, businesses like Ola and Uber were composed upon the aforementioned layers of technology. Similarly, the same phenomenon is happening in the Web 3 space, meaning our ability to speculate on the future will likely be found lacking in imagination. In this space, things are evolving quickly, from digital to physical NFTs and now Dynamic and Fractional NFTs. Not only businesses are using NFTs to showcase their limited edition items, but they are also exploring tokenization through dynamic and fractionally-owned NFTs. Also, people who have been in the NFT space since its inception feel that "The deluge of static NFTs is boring ." Here the term Static means what is sold is what that piece will forever be. Remember the first wave? The NFT wave? That was an absolute novelty....