JPEGs 'Not the Future of Web3 and NFTs': says Polygon Studios

In the early years of the NFT space thus far, it’s been profile pictures and artwork that have yielded top-dollar sales and consistently dominated headlines. But as the market evolves and the immersive future internet of the metaverse takes shape, will tokenized images continue to be the most prominent use case for NFTs?
Brian Trunzo, metaverse lead at Polygon Studios, doesn’t think so. In an interview at the Chainlink SmartCon 2022 conference, he told Decrypt’s Dan Roberts and Stacy Elliott that the crypto industry will have achieved mainstream adoption of Web3 technology, NFTs, and the metaverse when “we stop saying it”—when those terms are no longer necessary.
Trunzo believes that skeptics of the technology are informed by a limited understanding of Web3 and suggests that a wider set of NFT use cases will take hold in the future. “It's because their understanding of it is that which the mainstream media reports to be right-click-save JPEGs, an investable asset class—which is not the future of Web3 and NFTs, in my mind,” he explained.

​An NFT is a blockchain token that can serve as a proof of ownership for an item. It can represent digital things like profile pictures, artwork, and collectibles, but also interactive video game items, customer engagement rewards, real estate deeds, and more.

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