Solana co-founder says NFTs have ’50 different use cases’ that could add up to millions this year – Meczyki.Net

it feels like Yesterday when the NFT boom caught the attention of the crypto community, the web3 made waves outside the world as well. But after a year or two, the NFT hype has subsided somewhat. But that is not stopping some people in the crypto world from being optimistic about non-fungible tokens.

While much of the industry’s attention and effort has centered around profile picture NFTs such as boring app Yacht Club or Cryptopunks, NFTs that provide utility beyond just images are growing in popularity.

“I think within NFTs, everything is really just scratching the surface,” Solana co-founder Raj Gokal told Meczyki.Net this week. “I think there are 50 different use cases in NFTs that seem to be lumped into one. I think we expect the majority [crypto] Projects to use NFTs.”

New NFT use cases span from gaming to music, and Gokal is seeing enough startup activity to focus on areas that typically feel optimistic about digital assets.

“There’s a kind of wave of new NFT products [coming] Which could add millions of users in Q3 and Q4,” Gokal said. He added that it is more exciting to see the Solana ecosystem grow through developers and creators, rather than just thinking about it.