Non-fungible tokens (NFTs) had a spectacular run in 2021, with the total trading volume surpassing $23 billion. This includes expensive digital artworks worth $92 million, collectible items valued at $12 million as well as in-game assets. However, most of these NFTs exist as static items on the blockchain available for buying and selling on digital marketplaces. It’s an underutilization of resources because the technology behind these NFTs enables them to do much more than existing as standalone pieces.
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