Thread by @ammar_wth

Most people consider NFTs as just collectibles.

NFTs will be so so. . . so much more.

Thread 🧵

(Explaining like you are 5)

📍People grossly underestimating NFTs.

For most of us, it's just art, collectibles, flip games—which is a big industry(without a doubt) but just a small subset of things we can do with them.

📍Artists and collectors will be able to make passive income by issuing and collecting NFTs.

Here's how👇

📍In the coming years, nobody will write a book with publishers—they'll do it with NFT infrastructure.

📍The next Stephen King or the next JK Rowling is going to issue NFTs against their books—which people will buy because they believe in the artist, they believe in the project.

The NFT holders will get a fixed percentage of the money the writer makes from that book.

📍People in the music industry are not going to rely on the record labels, instead, they are going to get crowdfunded by their fans through NFTs.

And the fans will get a percentage of royalties.

📍In fact, a musician called @3LAU set up an NFT drop of 333 NFTs—all of these combined represent 50% ownership in the streaming royalty rights of one of his songs called "worst case”.

50% of all the money he makes by playing that song on Spotify goes to his NFT holding fans.

📍There will not be a single sports event where the ticket is not an NFT--because a QR code doesn’t mean anything.

But the NFT becomes a forever collectible if Ronaldo scores a hattrick in the first 20 minutes of the match.

📍How many times were you bullish on your fav. youTube channel/creator because you like their storytelling, the cinematography, the purpose of their channel, etc.

You'll be able to invest in their channel through NFTs. Each NFT earns you a percentage of their ad income revenue.

📍NFTs will change how house deeds, car titles, real estate, etc., work by settling everything on smart contracts.

Here's how👇

📍If you have unique real estate and you sell it using smart contracts—it becomes an NFT.

You get a cut every time that house gets sold without you ever going to people that’ll be involved in that transaction—the money automatically comes in your wallet.

📍What if the revenue system of Burj Khalifa was converted into 100,000 NFTs—where the NFT holders get a percentage from the building’s profit.

This way normies will get to invest in high-return real estate without having to own a huge amount of money.

TL;DR

👉NFTs will change how artists, creators, entrepreneurs create and promote stuff, and earn passive income.

👉They'll also eliminate middlemen, lawyers,
maybe accountants from real estate etc.

If this thread added even a teensy bit of knowledge to you, please consider retweeting the first main tweet.

PLEASE!🥺