Top 2 NFT Trends That Are Changing The Entertainment Industry

Top 2 NFT Trends That Are Changing The Entertainment Industry

NFT
July 19, 2022 by Diana Ambolis
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NFTs were immediately adopted by a wide range of industries and took the globe by storm. NFT trends swiftly gained popularity in the entertainment sector by utilizing the blockchain as a base and the influence of popular culture. The entertainment industry is heavily experimenting with what NFTs can achieve, from Stranger Things releasing NFTs ahead
Top 2 NFT Trends That Are Changing The Entertainment Industry

NFTs were immediately adopted by a wide range of industries and took the globe by storm. NFT trends swiftly gained popularity in the entertainment sector by utilizing the blockchain as a base and the influence of popular culture.

The entertainment industry is heavily experimenting with what NFTs can achieve, from Stranger Things releasing NFTs ahead of the most recent season to Coachella revealing NFTs on admission permits this year. What can we, nevertheless, anticipate for the future?

Although NFTs firmly establish their influence in the entertainment industry, several tendencies are emerging. The top NFT trends that could rule entertainment are listed below.

Play-to-earn games using NFTs

Gaming is one area of the entertainment industry that has adopted NFT trends very strongly. In recent years, GameFi, which provides games utilizing blockchain technology, has gained much popularity. The popularity of play-to-earn games has been one factor in this. Players can receive awards for their participation in these games.

The world has taken notice of these prizes, which can range from NFTs themselves to actual currency.

Many recently released games have proven what can be accomplished when play-and-earn NFTs games are given a chance. BeaRex is one of these; it’s a blockchain-based game that uses the standard “runner” layout. This allows players to play and earn, giving them the best of both worlds. BeaRex also plans to distribute a multi-series, with NFT owners benefiting from its sale.

The play-and-earn system that BeaRex is based on combines the play-to-earn and free-to-play models and the play-to-earn component. Therefore, customers can play for free without having to purchase an NFT and purchasing an NFT to receive rewards for their efforts.

In essence, this gives gamers the option to play to win or not, giving them the best of both worlds. In the future, BeaRex also plans to release a multi-series.

NFT Trend: Watch-to-Earn

In the era of free internet information, advertisers know well that user attention is valuable. Streaming websites, influencers, and many others make millions of dollars by attracting and retaining users. However, the audiences are hardly ever the recipients of these financial advantages.

The blockchain sector has attempted to level the playing field in recent years. Platforms like Brave, a blockchain-based browser that rewards users with cryptocurrency for viewing advertisements, are where it all began. The NFT trends are increasingly embracing this concept with the help of titans like Coub.com, an innovative video platform launched ten years ago that receives over 100 million visitors annually.

10-second Coubs videos became popular much before TikTok took over the market. Typically, these video samples are jam-packed with meme-worthy pop culture references. The future product version based on Web-3 technology is anticipated to redefine the interaction model by rewarding those who create and watch such videos, even though Coubs have been uploaded on the internet practically every second for years.

Users can mint clips as NFTs and sell them using the Coub NFT Marketplace. The holders will receive cryptocurrency rewards when content is viewed, liked, commented on, or reposted. Most significantly, NFT collections will have intrinsic value that will enable users to track statistics and forecast a certain clip’s future potential and, consequently, the profit it can generate.

Also, read – Blockchain and NFTs Bring Latest Trends The Future of Gaming

Conclusion

Despite the cryptocurrency decline, NFT trends are still growing; Hollywood has caught the fever, with Madonna and Justin Bieber joining the movement and model Bella Hadid launching her line. But as interest in digital collectibles grows, it is crucial that all creators, including the lesser-known ones, have a chance at success.