Investigating NFT Trends in 2024

TriumphX
2 min readAug 6, 2024

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🔸Hybrid NFT

  • Hybrid NFTs combine the uniqueness of non-fungible tokens (NFTs) with monetization opportunities to create a new kind of digital asset.
  • The implementation of the ERC404 standard has enabled partial ownership of NFTs, allowing investors to have a stake in high-priced assets.
  • These developments address liquidity challenges in the NFT market, giving more people access to valuable assets.
  • Hybrid NFTs have a wide range of applications in different industries, including art, collectibles, real estate, and gaming, and have the potential to significantly transform the NFT marketplace.

🔸RWA Token

  • Real World Asset (RWA) tokenization revolutionizes traditional investment strategies by digitizing real assets such as real estate, artworks, and textiles on the blockchain.
  • This approach creates investment opportunities by dividing high-value assets into smaller, more affordable tokens.
  • Success stories demonstrate the potential of RWA tokenization in 2023, with projects to tokenize commercial architecture and artwork widely spread. Going forward, RWA tokenization is expected to offer a wide range of applications, providing unprecedented opportunities for investors and creators.

🔸NFT Game Expansion

  • Including NFTs in the gaming industry represents a paradigm shift in player attraction and game development.
  • Major projects and partnerships in the gaming sector represent innovative possibilities for NFT integration, giving players real ownership of the game.
  • NFTs are a rising segment of the global gaming market, a virtual token for digital scarcity, security, and authenticity. A gaming marketplace is a tool that allows players to export their creations into the real world. Every item created in the game is converted into an NFT that can be purchased or sold on the platform marketplace.

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TriumphX
TriumphX

Written by TriumphX

TriumphX; a decentralised peer-to-peer (P2P) exchange trading platform designed and built by gamers, for gamers.

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