The Future of NFTs

Ahmed Bouzid, Paolo Narciso and Steve Wood

Chapter Chapter 8 in NFTs for Business, 2023, pp 135-148 from Springer

Abstract: Abstract The future of NFTs is intimately intertwined with the future of the Web. NFTs did not emerge ex nihilo, nor were they the accidental exotic creations of geeks experimenting in their secluded dark-screened labs. NFTs emerged to solve a long-standing problem in the digital world, that of non-scarcity, and along the way revealed that they could deliver much more than a simulation “real life” by introducing commodity constraints so that we may re-create the basic building blocks of our real world, brick-and-mortar economies in the digital world. NFTs, we discovered, could in fact help us deliver on that original vision that came to life with the emergence of the Web back in the early 1990s, a web that was distributed, democratic, open, accessible to all, and safe and secure. As things stand today, 30 years on, we remain very far from that dream place where we wanted to go.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4842-9777-3_8

Ordering information: This item can be ordered from
http://www.springer.com/9781484297773

DOI: 10.1007/978-1-4842-9777-3_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().