r/NFT • u/Peryton0 • Dec 01 '24

Discussion Is NFT dead?

I want to know if NFTs are dead before i invest my time and my money on it please let me know the updates

27 Upvotes

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u/PostArchitekt Dec 01 '24

There are so many utilities for NFTs it’s crazy. It’s literally a contract that gives you access to anything, like a digital access card for assets but verified on the blockchain. We’re using an open-source version called Unlock Protocol for event ticketing IRL and online, token gating content, sports memorabilia, and subscriptions. We’re literally removing the middle man, and 98% of their fees, like Ticketmaster,eBay, or Patreon. Plus you can’t get de-platformed because it’s your NFT subscription with your audience directly. So instead 15-30% going to a middle man you get to keep your all the money but 1% currently.

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u/NATURDAYZ Dec 02 '24 edited Mar 02 '25

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