Solana co-founder says NFTs have ’50 different use cases’ that could raise millions this year

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Similar to Yesterday, the NFT boom caught the attention of the crypto community, making waves even outside the web3 world. But after about a year, the excitement around the NFT subsided somewhat. But this does not prevent some representatives of the crypto world from remaining optimistic about non-fungible tokens.

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While a lot of industry attention and effort has been focused on NFTs with a profile picture, such as Bored Ape Yacht Club or CryptoPunks, NFTs that offer utility beyond images are becoming increasingly popular.

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“I think everything is just superficial in NFT,” Raj Gokal, co-founder of Solana, told TechCrunch this week. “I think NFT has 50 different use cases that seem to be lumped into one. I think we expect most [crypto] projects on the use of NFTs”.

New use cases for NFTs range from gaming to music, and Gokal sees enough startups focused on these areas to be optimistic about digital assets in general.

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“There is a kind of wave of new NFT products going on. [coming] this could attract millions of users in the third and fourth quarters,” Gokal said. He added that instead of just thinking about the development of the Solana ecosystem, it is much more interesting to watch how it grows thanks to developers and creators.


Credit: techcrunch.com /

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