- Non-fungible tokens, or NFTs, have taken the world by storm.
- While most of the attention has been on digital art, NFTs may go way beyond the art world.
- From NFT passports to virtual fashion, eight Gen Z VCs predict the future of NFTs.
- See more stories on Insider’s business page.
A closet of virtual dresses, a gallery of crypto art, a wallet of digitized documents — the future may be filled with non-fungible tokens.
Non-fungible tokens, or NFTs, are inescapable lately, from Elon Musk’s foray into music to NBA’s virtual trading cards. NFTs are unique digital assets stored using blockchain technology that cannot be destroyed or duplicated. Recently, there have been several high profile sales of NFT art, with some pieces selling for millions.
However, the potential for NFTs go far beyond just art. To learn more about the future of NFTs, we talked to eight Gen Z VCs. They told us the industries they believe will be revolutionized by NFTs next: