I think so. The NFT space will benefit from new advancements in cryptocurrency technology solutions and will push builders to find use cases outside of simple ownership of a digital object.
The very special thing about NFTs is that they could eventually evolve from their current childish stage to be put to use to anything that requires a proof of unique authenticity (a lease, medical records, financial products, government ID, etc).
The way things are headed with decentralization, blockchain, and different cryptocurrency projects, entertainment/collectibles/art/video games are only a small example of the potential for the space. The real innovation will come when NFTs will be put to use in everyday life.
I think so and at the moment I am already starting to see a significant influence of NFT's in the side of Gaming.
Aliensworld, Mobox and Splinterlands to name a few NFT games is really proving how NFT's can not only have real market value but can also be fun to own and hold into.
Mobox is still in the process of releasing their game at the end of this month but their EPIC rarity NFT's are already valued over $4400+ USD. The reason for such a price is that not only can this be used in their upcoming games but also lets one earn tokens which can be sold in the market just by simply staking these NFT's.
This is only in the side of Gaming, now imagine what more can NFT's do on other things.
Im unsure on the longevity of NFT's in its current format.
In economics, a fungible asset is something with units that can be readily interchanged - like money.
However, if something is non-fungible, this is impossible - it means it has unique properties so it cannot be interchanged with something else.
It could be a house, or a painting such as the Mona Lisa, which is one of a kind. You can take a photo of the painting or buy a print but there will only ever be the one original painting.
NFTs are "one-of-a-kind" assets in the digital world that can be bought and sold like any other piece of property, but they have no tangible form of their own.
The digital tokens can be thought of as certificates of ownership for virtual or physical assets.
They seem like a very wild concept to many in the mainstream.