In-Depth Analysis: NFTs Will Have Wide Applications Once Hype Settles

(Oxford Analytica) — Non-fungible tokens (NFTs) have exploded into the mainstream on the back of a year of multimillion-dollar digital art sales, the embrace of digitally savvy brands and celebrities, and the rise of play-to-earn gaming. Yet NFTs divide opinion over whether they are a bubble waiting to burst or will redefine ownership of digital assets and become a core element of the metaverse. The two outcomes are not mutually exclusive.