Non-fungible tokens (NFT) have become a global trending topic. An NFT can be a song, an artwork, or a Tweet, and includes exclusive information within the token on the blockchain. This makes NFTs as valuable as a person’s identification document.
The appearance of NFTs has reshaped the business models of various industries. For instance, the sports industry has created different NFTs for fans to interact with their teams. With ticket sales, media copyrights, and sponsorships being the primary income in the industry, automated NFT sales indicate significant growth potential. The healthcare industry serves as another great example. The pandemic has sped up its technology upgrade, including telemedicine and remote patient monitoring, providing a new digitized perspective to the traditional industry.