The world of Non-fungible tokens (nft) is changing rapidly. As technology and creativity come together, new nft trends are emerging. These trends will shape the future of digital arts in 2024 and 2025. This guide explores these top future nft trends and gives you insights into the future of nft use cases.
Key points:
- According CryptoSlamThe total sales volume of nft exceeds 65 billion US dollars, and ethereum, Solana and bitcoin are the main blockchains for nft traders.
- Top nft trends to watch include the rise of utility nfts, tokenization of real-world assets, nfts in the music industry, hybrid nfts, bitcoin nfts, and the expansion of digital collectibles in gaming.
- The global non-fungible token (nft) market is expected to reach US$152.54 billion by 2030, growing at a CAGR of 34.2% between 2024 and 2030 (Fountain: nft-market” data-wpel-link=”external” target=”_blank” rel=”nofollow external noopener noreferrer”>VMR Report).
Top nft trends in 2024
1. Utility nft
In the early days, nfts were primarily used for digital art and collectibles. However, the trend is shifting towards other emerging nft sectors, such as utility nfts. These tokens don’t just imply ownership of a digital asset, but offer additional functionality and benefits. For example, utility nfts can provide access to exclusive content, events, or communities. They can also represent ownership of real-world assets, such as real estate or vehicles.
Demand for utility nfts is growing as they offer more value to the holder. In 2024 and 2025, we can expect to see more projects integrating utility features into their nfts. This trend will likely appeal to a wider audience, including those interested in the practical applications of nfts beyond art and collectibles.
For example, him Bored Ape Yacht Club ($BAYC) has introduced practical benefits through its nfts. For example, they organize Feast of the Apesan annual event exclusive to nft holders. Participants can gather to showcase their collections and enjoy activities such as live music, auctions, and games. This adds additional value to owning a $BAYC nft, making it more than just a digital asset.
Events for BAYC/MAYC holders. Source: Apefest
2. Real World Assets (RWA) nft
Tokenization of real-world assets is a trend that is gaining traction. nfts can represent ownership of physical items such as real estate, art, and even luxury items. This tokenization provides a way to divide ownership, making it easier for people to invest in high-value assets. It can also be called fractional nfts.
For example, an nft can represent a stake in a property, allowing multiple investors to own a portion of the property. This approach makes investments that were previously out of reach for many people more accessible. In 2024 and 2025, we can expect to see more real-world assets tokenized, opening up new investment opportunities.
According to a reportTokenization of real-world assets or tokenization of global illiquid assets will be a $16 trillion business opportunity by 2030.
3. Hybrid nfts
Hybrid nfts combine digital assets with real-world items. For example, if you own an nft of a digital artwork, you can also get a physical copy. This combination makes nfts more attractive and valuable, and bridges the gap between the digital and physical worlds.
A notable example is Nike’s Cryptokicks, a digital sneaker that comes with a physical pair. Cryptokicks generated over $10 million in sales in their first month, demonstrating the strong demand for hybrid nfts.
RTFKT x Nike Dunk Genesis CRYPTOKICKS: Source: OpenSea
Hybrid nft trends are likely to increase in the coming years. As more brands and creators explore this trend, we can expect more innovative products. Hybrid nfts could become a standard in various industries, from fashion to entertainment.
4. nfts in the music industry
The music industry is another area where nfts are having a significant impact. Artists can tokenize their music, offering exclusive songs, albums, or concert tickets as nfts. This approach offers a new revenue stream for artists and a unique way for fans to support their favorite musicians.
nfts in the music industry can also include royalties. For example, an nft can be programmed to pay a percentage of future sales to the original artist, ensuring a steady income. As more musicians and record labels explore the potential of nfts, this trend will continue to grow and transform the way music is distributed and monetized.
According Some estimatesAn artist only receives about 4 cents for each song played on Spotify. That means that to earn just $4000, an artist would need a whopping one million streams. Therefore, Music nfts It may be a more lucrative and alternative option.
Types of music nfts. Source: Chainlink
5. nft expansion for games
The gaming industry has always been a space for innovation, and nfts are no exception. In 2024 and 2025, nft games are expected to become a fully-fledged phenomenon.
Here’s why: nft-based games allow players to truly own in-game items, such as virtual weapons, skins, or land. This ownership opens the doors to a whole new level of engagement: players can trade, sell, or even rent out their in-game assets, creating a thriving digital economy within the game itself.
As more game developers adopt this model, we can expect a huge rise in nft-based games and a growing market for in-game nfts. For example, Axie Infinity has already generated over $4 billion in sales volume, proving the potential of nfts in gaming.
Axie Infinity nft and Gaming Marketplace: Source: Axie Infinity
6. bitcoin nfts
Minting nfts on bitcoin has always been more difficult compared to blockchains like ethereum. This difficulty arises because bitcoin has limited smart contract capabilities and lacks a standard token format for nfts, such as ethereum’s ERC-721.
Recently, bitcoin nfts have gained significant attention. This surge in interest and popularity followed the introduction of the Ordinals protocol in January 2023, which allows for the direct minting of nfts on the bitcoin blockchain.
According bitcoin?headerPeriod=all” data-wpel-link=”external” target=”_blank” rel=”nofollow external noopener noreferrer”>CryptoSlamThe bitcoin blockchain now ranks second only to ethereum in nft trading and sales volume. This trend is expanding the nft market beyond ethereum, offering more options for creators and collectors.
Final Thoughts
The future of nfts is bright, and many nft trends are predicted to define the landscape in 2024 and 2025. From utility nfts and RWA tokenization to hybrid nfts and expansion into gaming, the possibilities are vast. By staying informed about these top nft trends, you can better understand the potential of digital art and how it can impact various industries.
Whether you are an artist, a gamer, a music lover or an investor, the world of nfts offers something for everyone. Looking ahead, it is clear that nfts will play a major role in the digital economy and bring new investment opportunities, as well as transform the way we create, interact and transact in the digital world.
