Time to Token: NFTs must grow
Cologne (ots) – The time has come for cheap NFTs that are sold expensive
more than. “The fashionable blockchain securitizations are in recent months
just like the crypto market,” says Uwe Zimmer,
Managing Director of Time to Token IT GmbH. “And that’s good, because it allows
Market to grow. The foundations for this have already been laid in 2022.
“The path moves away from projects that only exist thanks to the underlying nature
technology are in vogue,” says Zimmer. “What good is a bad image
added value just because it’s on the blockchain?” The sharp drop in the
Crypto Markets and the Significant Drop in Demand Associated
NFTs are designed to shrink an inflated market.
According to figures from data watcher Cryptoslam, NFT sales were still in
January and February 2022 between 200 and 300 million US dollars per day.
“Currently, we are seeing buying activity between 10 and 30 million a day,” explains
Bedroom. The number of buyers has also decreased accordingly, from around 150,000
assets per day in January 2022 to just over 30,000 today. “This
development was predictable,” says Zimmer. “There was a lack of quality, often with
AI software generated images quickly created then on the known
NFT platforms were exploited and sold just as quickly.”
In 2023, completely different projects will dominate the discussion. “The artistic section is
again a pioneer here,” says Zimmer. “As of 2022, the path was moving away from the masses
towards the class. For example, at Van Ham’s fall auction, a
leading German auction house, the majority of NFTs are no longer
just hit opensea or other platforms. “Smart contracts that
describing the essence of an NFT are increasingly part of the work and
elaborately programmed accordingly,” says Zimmer.
For example, time functions or special rights can be set up so that work on
raise a new level. “Also the connection with the real world, hybrid NFTs,
are such a quality upgrade,” says Zimmer
German watchmaker Hanhart has created an NFT watch that has been sold at auction
and which includes the right to have the watch built.
In 2023, other forms of NFT will gain in importance. “This includes
Enterprise NFTs,” Zimmer says. “With these proprietary NFTs, a
Create a corporate identity by looking at profiles in social networks like
Avatars can be used.” Access permissions or incentives can be used in this way
also be tracked and displayed.
There is also an intersection here with community building, which is also done with NFTs
is elevated to a new level. “We are currently working on a project that
Cooperation with an evangelical church a new form of
Fundraising and co-management of donations was made possible,” says Zimmer.
a new form of community emerges here which can have a say in decisions – also via
About Time to Token IT GmbH
The digital studio, founded in Cologne in 2021, builds bridges between
real and virtual world. As a full service provider for tokenization,
Blockchain and NFT provide all necessary steps of Time to Token
Project planning and consulting until the finished project. As specialists in
Plans and implements tokenizations for hybrid NFTs and for digital assets
Time to Token NFT projects for individual artists, large companies or
establishments. Moreover, there is the construction of virtual and real
Exhibition space for digital art or digital spaces for
Events. NFTs can also be assessed in cooperation with the auction house Van Ham
and sold or auctioned.
news and numbers GmbH
Telephone: 040 / 80 60 194 34
It’s time for Token IT GmbH
At Rinkenpfühl 34
Additional material: http://presseportal.de/pm/167454/5403762
OTS: token time
Copyright dpa-AFX business news GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.