Don’t use your NFT for that

Collecting has been a popular hobby across various domains, whether it's physical items like designer bags or pop culture figurines like Funko Pops. In the world of cryptocurrencies, people collect NFTs like Bored Apes and CryptoPunks for their high value and aesthetic appeal. These collectibles can hold significant sentimental value and can fetch substantial sums of money due to market demand.

However, it's worth noting that most NFT collectibles don't have any inherent utility or purpose. They are simply digital or intellectual property that people desire to own. This raises the question of why Web3 game developers invest so much time, energy, and resources into finding use cases for NFTs. Is it necessary for NFTs to have a specific purpose beyond being collectible?

The answer is no. Web3 game builders should focus on creating games, characters, and intellectual property that resonate with people and generate genuine interest. Rather than attempting to invent technical use cases for NFTs, game studios can mint NFTs based on beloved creations that players genuinely love. By doing so, they can leverage the appeal of collectibility and offer unique digital assets to their community.

While NFTs do serve the purpose of enabling ownership, trading, and monetization of digital creations, it's important to recognize that assigning technical use cases to NFTs can often introduce unnecessary complexity and friction. Many of these functions can be accomplished without blockchain technology and may even be improved upon in alternative ways.

#Web3.0 #NFT #Blockchain #Crypto #Cryptocurrency #AI #Metaverse #OpenSea #AR

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