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The Future of NFTs by taskmaster4450

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hive-181335 · @taskmaster4450 · (edited)
$39.85
The Future of NFTs
<center>

[![](https://img.3speakcontent.online/qsahhlaf/thumbnails/default.png)](https://3speak.tv/watch?v=taskmaster4450/qsahhlaf)

▶️ [Watch on 3Speak](https://3speak.tv/watch?v=taskmaster4450/qsahhlaf)

</center>

---

NFTs made a lot of noise near the peak in the cryptomarket.  This year saw the massive run up in the mania regarding those assets.  While they exemplified some of the potential in the art and collectble market, there is a lot more ahead.

In this video I discuss what the future of NFTs is outside these two classes.  This is where we see the numbers get really insane in terms of the total potential.

---

▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/qsahhlaf)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 472 others
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vote details (536)
@ai-summaries · 
**Summary:**
In this video, Task discusses the future of NFTs, highlighting the recent surge in the NFT market, followed by a pullback along with the potential it holds in the financial world. He explains the concept of financial NFTs, where real-world assets can be tokenized as NFTs, providing liquidity and removing intermediaries. Task emphasizes the convergence of DeFi and NFTs in the financial sector, envisioning a future where a variety of financial assets can be turned into NFTs for various purposes, bringing inclusiveness to the masses.

**Detailed Article:**
Task begins by acknowledging the hype surrounding NFTs and the subsequent pullback in the market, suggesting that the focus on digital art and collectibles is just a small part of the potential of NFTs. He predicts that the future of NFTs lies in the financial arena with the concept of financial NFTs, enabling the tokenization of both physical and non-physical real-world assets. This opens up possibilities for tokenizing assets like insurance policies, bonds, and other financial instruments.

He delves into the benefits that financial NFTs can offer, such as liquidity and the removal of intermediaries, streamlining processes in traditional financial industries. By tokenizing assets like insurance policies, companies' receivables, and bonds, individuals can leverage these assets on decentralized finance platforms without needing to rely on traditional financial institutions.

Task explains the potential risk mitigation that can come from tokenizing multiple financial assets into NFTs and utilizing them on DeFi platforms. This could potentially enhance the security and stability of such assets, providing a more inclusive and accessible environment for a broader range of investors.

He envisions a future where known financial assets, such as annuities, life insurance policies, real estate, and bonds, are transformed into NFTs, creating a transparent and easily accessible marketplace with predefined terms and values. This convergence of DeFi and NFTs in the financial sector could revolutionize traditional financial markets and provide new opportunities for individuals to engage in diverse financial activities without the usual barriers.

In conclusion, Task underscores the vast potential of NFTs in the financial world, estimating that trillions of dollars in financial assets could be brought under the NFT umbrella in the future. This could lead to increased participation, accessibility, and innovation in the financial sector, offering a new way for individuals to engage with a wide range of financial assets through blockchain technology.
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@d-zero · 
we have barely started on NFT craze. Today's news made me realize that. If you've got time read this:

[Hollywood Joins NFT: Junkie XL - Composer Behind Justice League, BvS, Godzilla vs. Kong , Deadpool, Mad Max, 300: Rise of an Empire Made Official Announcement](https://leofinance.io/@d-zero/hollywood-joins-nft-junkie-xl-composer-behind-justice-league-bvs-godzilla-vs-kong-deadpool-mad-max-300-rise-of-an-empire-made)

It's on Tezos blockchain with one of the biggest names in movie music industry. The way people talk about it in top comments just shows how ahead of time we are. It looks like those Elon Musk tweets had bigger effect that I imagined too :)

!PIZZA

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@d-zero/re-taskmaster4450-4juq3t)
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@pizzabot · 
<div class='pull-right'><center><sup>Connect</sup></center><p><a href="https://discord.gg/Q9bQAKpWGS"><img src="https://files.peakd.com/file/peakd-hive/pizzabot/AKF96fKjnX3wjXERHcKAFHaoHnfTVhXqPjXVz8E1Th9nPiJqmFtaycosVpPBZ7z.png"></a></p></div><div class='pull-right'><center><sup>Trade</sup></center><p><a href='https://hive-engine.com/?p=market&t=PIZZA'><img src="https://files.peakd.com/file/peakd-hive/pizzabot/23sxbi2M4UjELDzQjxPdzubdgfMjHTCtA1xueyxmnhJUrB8136VyK3pqynyWYiZYF9HrC.png"></a></p></div><center><br> <p>@taskmaster4450! I sent you a slice of <strong><em>$PIZZA</em></strong> on behalf of @d-zero.</p> <p>Learn more about <strong><em>$PIZZA Token</em></strong> at <a href="https://hive.pizza">hive.pizza</a> <sub>(3/10)</sub></p> </center><div></div>
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@denisdenis · 
Nice ;>
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@hivebuzz · 
Congratulations @taskmaster4450! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://images.hive.blog/60x70/http://hivebuzz.me/@taskmaster4450/replies.png?202106150007"></td><td>You got more than 46500 replies.<br>Your next target is to reach 47000 replies.</td></tr>
</table>

<sub>_You can view your badges on [your board](https://hivebuzz.me/@taskmaster4450) and compare yourself to others in the [Ranking](https://hivebuzz.me/ranking)_</sub>
<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>
👍  
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vote details (1)
@jfang003 · 
Well the NFTs for insurances would be a bit more complicated given the current structure. I am pretty sure the insurance policy differs from each asset to asset as well as the credit history. Though credit history might go away in the future.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450-7ndruj)
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@luvshares · 
@taskmaster4450, you were given LUV from @pixresteemer. About: https://peakd.com/@luvshares https://ipfs.io/ipfs/QmUptF5k64xBvsQ9B6MjZo1dc2JwvXTWjWJAnyMCtWZxqM
👍  
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vote details (1)
@pixresteemer · 
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 61 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-60-and-start-week-61) just started...you can now check the winners of the previous week!</center><center>!LUV</center><center><sub>2</sub></center>
👍  ,
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vote details (2)
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