Non-fungible tokens (NFTs) as an investment category are earning broader recognition, catalyzed by RARI liquidity mining and a renewed understanding of the potential applications of NFTs. Ari David Paul, Chief Investment Officer at BlockTower recently announced the fund’s plan to invest $10 million into the NFT sector over the next six months.
“Most NFT uses fit under the category as so obvious as to be inevitable.” - Ari David Paul, Chief Investment Officer at BlockTower
Now, a sea of investors are searching for venture scale returns in the NFT sector. What’s less obvious is how to approach categorizing this abundant sector and anticipate where the inevitable returns will reside.
Defining The Non-Fungible Token Sector
While Non-fungible tokens are simply a technical standard, NFTs now refer to the large range of projects that are utilizing these standards (ERC 721 and ERC 1155) as a value proposition for digital ownership.
Individuals and companies are employing non-fungible tokens across the following sectors:
Mason was a Senior Research Analyst at Messari focused on Web3 protocols and cryptoassets. Before Messari, Mason worked at ConsenSys as a Content Marketer focused on marketing strategy. Mason obtained his Master’s in Business Management at Hong Kong Baptist University.