This is a question that neither us – nor anybody – can have an accurate answer to.
NFTs exploded into the public domain in 2021. Whilst their mainstream popularity has declined since then, the underlying technology continues to grow, with major brands continuing to experiment with NFTs and blockchain.
Over the lifespan of NFTs so far, they have gone from a niche technology to a widely-known and adopted medium for digital asset ownership.
Whilst we cannot confirm one way or the other if NFTs have a long-term future, we can say that blockchain technology continues to have potential and see ongoing development, and the idea of a decentralised future to the internet continues to be popular.
Gaming, luxury goods, infrastructure – each of these huge industries (and many more besides) are continuing to investigate the potential use cases of NFT and blockchain technology, and what impact that can have on both consumers and companies.
Investments into NFT and blockchain technology continue; new products, tools and services continue to be released; and mainstream brands continue to adopt, experiment and integrate NFTs and blockchain technology into their existing products.
NFTs and blockchain technology are becoming increasingly supported and regulated by governments around the world – and whilst the verdict is out on whether this is a net positive or negative, it does create a more stable and recognised environment for this technology moving forwards.
The history of NFTs has had many highs and many lows – and, in our opinion, we believe it will continue to do so long into the future.