NFTs, also called Non-Fungible Tokens, created a sudden hype & established themselves as the next big thing on the internet. In an NFT marketplace like Opensea, these digital assets can be created, bought & sold.
According to Statista, the NFT niche will generate over in revenue by 2023. This estimate might surge based on the hype and innovations made in NFTs are indispensable assets for many industries like Sports, Arts, Music, etc.
NFTs have proven their potential, and along with Web3, they can be of significant asset to various niches.
For instance, in real estate, the property can be tokenized as NFT to facilitate fractional ownership, eliminate third-party, enable seamless trade, remove entry-trade barriers, etc. Along with Web3, the scope extends cross-border trading.
Some top-notch NFT ideas that could be of potential investment in 2023 are
- NFT Token Creation
- NFT Wearables
- Create an NFT marketplace
- NFT Staking Platform
- NFT Gaming Development
- NFT Lending Platform
- NFT Metaverse Development
This mind-blowing blog on NFT Business ideas in 2023 gives readers a technical insight into some of the best NFT business ideas.