In a recent conversation, Rob Nelson, Roundtable’s anchor, took a deep dive into the fast-expanding realm of non-fungible tokens (NFTs) from Hyper NFT to recent NFTs of Donald Trump. They discussed the direction of NFTs beyond the present unrest and its ramifications for many sectors with guests Degen Max, Co-Founder of Crypto Oracle, and Johnny Gabriel, Treasurer GM DAO.
Rob Nelson started the talk by highlighting the current trend of NFTs in the art world. He asked a key question: Will we soon see the transfer of NFTs into sectors other than art, particularly when customers find the NFT procedure cumbersome?
In response, Degen Max emphasised the importance of NFTs as digital collectables, claiming that people will begin to migrate to a digital way of life. Emphasising the importance of NFTs as a tool for digital bragging rights, Max envisions a future in which users display their Hyper NFT possessions in the metaverse or even just on their phones. However, he accepted the present technological obstacles and expressed hope that someone would revolutionise the user experience.
Johnny Gabriel joined in, echoing Max’s opinion. According to Gabriel, the greatest success would be when people interact with NFTs without even realising it. He likened the current phase of NFTs to the ‘garage tinkering’ period of computers, drawing a connection. The breakthrough will occur when these tokens become as user-friendly and commonplace as today’s PCs.
Nelson enquired about the prospective ‘Steve Jobs’ and ‘Wozniak’ of the NFT world. Would these revolutionaries emerge from present tech titans or a new generation of innovators? Max dismissed the concept of current digital behemoths driving change. Instead, he believes those prioritising user simplicity will drive the shift.
Nelson ended the interview by jokingly predicting a metaverse rebirth of tech geniuses like Jobs heading the NFT revolution. While the idea appeared far-fetched, no possibility can be ruled out in the ever-changing world of technology.
In summary, the panel reaffirmed the notion that NFTs have far-reaching potential that extends far beyond the fields of art. As technology advances, so will its applications, pointing to a future in which NFTs will be effortlessly integrated into our daily lives.