HashReveal –Bringing the Best of The NFT Metaverse
NFT is an emerging star of this round of bull market. Besides the usual crypto traders, hegemons such as McDonalds and eBay are converting into crypto enthusiasts, signaling thus an important shift in the broader population’s understanding of assets and value, which is yet to accommodate crypto, but is doing so at a fast pace. However, the NFT craze has resurfaced a few issues yet to be solved by the crypto industry, so that the users could use them at their true potential.
The Bubble Effect
The NFT’s spectacular success has in turn produced a chain effect over the entire NFT space, creating a “bubble effect” where NFT projects got launched on a daily basis. However, not all NFT projects could bring value to the ecosystem, which would lead to important money being locked into NFTs.
One of biggest issues regarding NFTs is the lack of liquidity — meaning that once bought, not all NFTs will get the chance to re-enter the market at a desired transaction rate. Without the necessary infrastructure, the owners have no other means to access additional capital. This also constitutes a big issue for the crypto traders who seek to flip the acquired NFT for a profit, and are likely to rely solely on market hype to be able to do so.
This is again especially true for art, which unlike collectibles, its value is very subjective. In art, the lack of liquidity makes the NFT something more similar to a storage of value rather than a tradable asset.
Lack of Utility
NFTs started as artworks and collectibles on the blockchain. As time progressed, they began gaining certain functions within the ecosystem. However, the whole NFT concept is still at its infancy, there is still plenty room for discovery.
How Can HashReveal Help?
HashReveal is one of the best NFT incubators/curators in the space. We are behind some of the most ground-breaking NFT projects to have ever lived on blockchain, and we are working tirelessly to bring you the best of the NFT metaverse, through constant innovation and substantial experience.
Our aim is to push forward the development of the NFT space by expanding its use case and bringing you innovative and valuable concepts through our collections.
Stay tuned!
