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Jana Bertram discusses NFT's future on Hashing It Out

Jana Bertram discusses NFT's future on Hashing It Out

GrafaGrafa2024/12/05 13:10
By:Isaac Francis

In the latest episode of the Hashing It Out podcast, Jana Bertram, Head of Strategy at RARI Foundation, discussed the current state and future of non-fungible tokens (NFTs).

While acknowledging a decline in NFT trading volumes, Bertram remains optimistic about the technology's potential evolution.

"The NFT bull cycle already happened," Bertram said.

"While the hype has diminished, NFTs are still crucial for empowering creators and enabling innovative use cases, such as real-world asset tokenisation."

She believes that while the market has cooled, NFTs will continue to play a key role in the Web3 ecosystem.

One of the ongoing challenges in the NFT space, according to Bertram, is the debate over royalties.

Some NFT marketplaces have made royalties optional, which has negatively affected creators' earnings.

This change has prompted the industry to reconsider how to balance creators' rights with market dynamics.

Bertram also addressed the key issues of scalability and affordability within the NFT sector.

She highlighted how advancements in blockchain infrastructure have made NFT transactions more cost-effective, which could help drive broader adoption.

Looking ahead, Bertram sees NFTs expanding beyond digital art and collectibles into more practical applications.

These could include identity verification, ownership records, and even healthcare documentation.

However, she acknowledged that public perceptions of NFTs still pose a hurdle, as they are often associated with speculative trading and financial losses.

Despite the market's cooling, Bertram emphasised that the technology underlying NFTs is evolving and has the potential for broader and more inclusive applications in the future.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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