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Why NFTs Could Be the Next Big Thing for the Content Industry
NFTs have taken the business world by storm. Whether it is tech, music, real estate, gaming, or sports, the introduction of NFTs within these industries have resulted in groundbreaking milestones.
As a result, several investors from other industries are showing a growing interest in NFTs. They believe that in the near future, various properties ranging from tickets to houses will have ownership status tokenized. This makes sense if we consider the fact that images, videos, music, tweets, gaming characters, and even text can be turned into NFTs.
Recently, Wong Kar Wai, an auteur from Hong Kong, has launched an NFT auction through Sotheby’s that managed to raise around $550,000. It also includes unseen footage from In The Mood For Love. This is an indicator of a bright future for the content industry.
However, the question remains, what is this specific NFT revolution all about? What does it have to do with the content industry and does it hold the potential to act as a gamechanger for the content industry?
