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Next-generation technology and 3D design are set to come together to revolutionize the landscape of the fashion industry, and there’s nothing more exciting than being at the forefront of that change as it happens. The Next Big Thing in fashion isn’t big enough… yet. Before we get there, we have to take another step closer to that future with the next generation of NFT’s (non-fungible tokens). That’s why I think 3D designers are going to be the next millionaires when the blockchain finally hits mainstream!
The Future of Non-Fungible Tokens (NFT’s) for 3D designers is bright. Within months of launching in 2017, CryptoKitties , a blockchain-based game that allows players to buy, collect, and breed virtual cats, became one of Ethereum’s most popular decentralized applications. For days at a time, CryptoKitties accounted for approximately 12% of all traffic on Ethereum’s network and 7% of its transaction volume.
NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated. NFTs can be used to represent real-world items like artwork and real-estate. “Tokenizing” these real-world tangible assets allows them to be bought, sold, and traded more efficiently while reducing the probability of fraud.
Non-fungible tokens, or NFTs, have been getting a lot of press lately. If you’re not familiar with them, don’t worry—you probably haven’t missed out on much; they’re just taking off in popularity because of their market potential. However, non-fungible tokens provide real value to society and 3D designers will be particularly well positioned for major growth thanks to their skillsets.
The NFT revolution has given many video game designers a creative outlet that would have been impossible just a few years ago. With NFT’s, and soon to be blockchain-based gaming consoles, developers will have no limits as to what they can create. Massive multiplayer games like World of Warcraft, which has over 10 million players worldwide, will finally be possible on blockchain based platforms. Gamers and developers both stand to profit in an industry worth over $100 billion.
NFTs are much bigger than an art fad
The definition of blockchain technology is best defined as an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. And now, it’s poised to take on a new industry: video games. Games built on blockchain platforms represent a massive industry in and of themselves, projected to reach $35 billion by 2021 and even more by the end of next year 2022.
NFT’s, or Non-Fungible Tokens, have been gaining momentum recently. As more and more people begin to understand and adopt their use, their popularity will surge. 3D designers will be in high demand to create unique assets for companies using NFT’s.
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