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The Current Uses and Untapped Potential of Non-Fungible Tokens

Publisher IDC
Published Jan 24, 2023
Length 8 Pages
SKU # IDC17674636

Description

The Current Uses and Untapped Potential of Non-Fungible Tokens

This IDC Market Perspective peels back the layer of hype around non-fungible tokens (NFTs) to determine its true purpose and potential as a digital asset as well as showcase the growing and innovative use cases in the financial industry and other industries."It is very easy to pigeonhole NFTs as simple collectibles, but we are currently only seeing the tip of the iceberg in terms of these digital assets. We are seeing more and more innovative use cases for NFTs, such as asset fractionalization, especially in the more developing markets, hinting at the untapped potential of this digital asset," says Abhishek Kumar, Associate Research Director, IDC Financial Insights.

Please Note: Extended description available upon request.

Table of Contents

8 Pages
Executive Snapshot
New Market Developments and Dynamics
Minting and Purchasing NFTs
The Problem with NFTs
The Uniqueness of NFTs
NFT Ownership
Vampire Attacks and Wash Trading
Where Are the Regulations?
Singapore
China
United States
NFT Usage Today
Marketing
Music
Banking
Real Estate
Financial Securities
Social Impact
The NFT Gatekeepers
Advice for the Technology Supplier
Learn More
Related Research
Synopsis

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