Analysis of the Evolution and Future Development Trends of NFTs

NFT, as an emerging field, is gradually entering the public eye. By sorting out its evolution process, we can see that the development of NFT has roughly gone through the following stages: Star Cards/Digital Art, Avatar OG, Generative Art, GameFi, PFP Avatar PI, Decentralization NFT, Meta Game.

In this process, NFTs exhibit the following characteristics and trends:

1. Empowered with more functionality, shifting from mere collectibles to tool attributes.

2. Pursue originality and scarcity

3. Gradually moving towards the mainstream, more and more traditional enterprises are beginning to embrace NFT.

4. Adopting a bottom-up, community-driven model

5. Social attributes are continuously enhancing

6. The minting mechanism has unfairness.

7. The works tend to become homogenized.

Looking to the future, there are several directions worth paying attention to in the NFT field:

1. Composable NFT, providing basic units created by the community

2. xFi, including SocialFi, CreateFi, LearnFi, etc., will introduce financial attributes into various scenarios.

3. Pricing mechanisms and liquidity solutions, such as Oracles, derivatives, etc.

4. Decentralization identity ( DID ), as an important infrastructure of Web3

5. Other innovative forms, such as POW NFT, interoperable NFT, growth-type NFT, etc.

Overall, the NFT field is still in its early stages, and there is still great potential and imagination for development in the future. With advancements in technology and the enrichment of application scenarios, NFTs are expected to play an important role in more areas.