What Yout May Expect NFTs After 6 Months and Beyond

By xuanling11 | Crypto Learning | 3 Feb 2022

NFTs had the great year of 2021. From Pak’s ‘The Merge’ to Beeple’s ‘Everydays: the First 5000 Days’, many more creators and designers want to join the space to make a fortune. Can they do so?



I explained the 5 stages of the crypto life cycle and where NFT positions itself at.


Crypto Life Cycle Pattern


Similar to forming a country, cryptocurrency creates an opportunity to form a new type of organization or maybe even possibly a type of coalition or even a type of a country. How will a country form then? I started with a small group of people to trade with each other at first. Bunch people gather together to build a town. Each town can form a state and each state will form a country. Therefore, there are 5 phases of the crypto life cycle: Invention of Money, Invention of Creators, Invention of Entities, Invention of Coalition, and Invention of State.


Invention of Money

The first stage of the crypto cycle has almost been completed. With a valuation of cryptocurrencies to become more stable and their related financial products introduced, people can easily use crypto as a currency to trade and earn from.


Invention of Creators

The second stage of the crypto cycle is about recruiting people to work for crypto. The difference between working for crypto rather than working for crypto firms is that people voluntarily spend time contributing to crypto space and they do not necessarily seek monastery compensation. It is an opportunity to integrate side hustlers and gig workers into the workforce without forcing them to receive overpriced education with loan burdens while the job market has no place for everyone to take.   


Invention of Entities

Crypto entities will form around the third stage of the crypto cycle. There will be many different styles of entities whether to include DAOs or not. Such entities will integrate crypto into their system and become part of their infrastructure or become their vital structure. Entities then evolve to become a specialization group that provides needs to expand the capability of the crypto space. 


Invention of Coalition

In the fourth stage, entities will expand further. The large entity will become a coalition to lead small entities or spinoff their resources into different pieces of small entities while they are working toward the same goal. There will be competition but the coalition will not absorb entities like corporations, rather integrate and become part of the coalition naturally.


Invention of State

Each coalition will form a state eventually. Such a state has the resources to conquer complex issues like social issues or environmental issues. They will spend a long period of time working on the project together and form a state without influence politically. Or some states may have different political agendas that have nothing to do with power struggling but to influence the technology to use for public goods.


NFT Stage

NFT is at the second stage of crypto. It is not so much about its valuation but how creators can invent NFTs and build a community that is more sustainable than just monetary rewards.


In Conclusion

The next stage of NFT is to form entities. Whether through DAOs or partnerships with corporations, NFT hype will soon cool down.

This article is also published in Cryptologist as parnership publication.

Photo by Alp Ancel on Unsplash
Note: the post was shared on multiple platforms here.

You can refer my previous article lists here
Digital Commodities- the Unlimited Resources of Commodities Has Born
Universal Income in Crypto Way
DeFi 1.0 is Officially Dead - Welcome to DeFi 2.0
NFT Has a New Purpose
How Many Ads Are Too Much - Floki Inu Ads Got Backfire
Metaverse - Second Life Era
Bitcoin ATM Adoption and Its Potential Security Vulnerabilities
When Corporations Are Running By Everyone
The Fundamental Value Is Irrelevant
Coinbase At Huge Reputation Crisis
CBDCs' Flaw Design
Regulations Start Hitting Crypto Exchanges
From Bitcoin Standard To Zero-Knowledge Proofs - Decentralization 2.0
Shiba Hits 1 Million Users (Army) Milestone: What is Next?
How To Avoid Crypto Scammers
Crypto Philanthropy
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Brief History of Ethereum and How Ethereum 2.0 May Over Promise
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2022 Prediction #1: L1 Scalability
2022 Prediction #2: L2 Bridges
2022 Prediction #3: Zero-Knowledge Proofs or ZKPs
2022 Prediction #4: Regulated Defi On-Chain KYC
2022 Prediction #5: Institutional Crypto Adoption
2022 Prediction #6: Defi Insurance
2022 Prediction #7: NFTs-Based Communities - DAO 1.5
2022 Prediction #8: Metaverse and NFTs
2022 Prediction #9: Web2 Companies’ FOMO
2022 Prediction #10: Time for DAO 2.0
Craig vs People
Polygon Enters ZKPs - Plonky2
Crypto.com Backfire - When Centralized Crypto Service Panic
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When YouTube Enters Into NFTs
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DAO The Way Part 1
DAO The Way Part 2
Who Is The Winner of The Crypto Adoption
Phishing Attacks
DAO The Way Part 3
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