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An introduction to decentralized NFT catalogs
Over the last year, venture capitalists poured more than $4.6 billion into infrastructure and projects related to nonfungible tokens (NFTs). This infrastructure now needs users. They will come when people understand that they can apply these NFTs not just for speculative purposes but to design and structure their everyday activities. For these, they don’t need NFTs — they need to sort their lives out. And, decentralized catalogs are there to help them do it.
We can think about an NFT as a book someone owns, and this ownership is recorded on the blockchain. But what we’re actually missing is the library.
Ivan Sokolov is the founder of Mintmade, a project focused on building new asset classes that will power next-gen Web3 businesses.
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Image and article originally from www.investing.com. Read the original article here.