Listen Now: Behind the Research: The Gartner Hype Cycle ![]() NFTs are also one of the additions to the Gartner Hype Cycle for Emerging Technologies 2021, which highlights the 25 breakthrough technologies that will have the most significant effect on business and society over the next two-to-ten years. NFTs use immutable public blockchains and, as of last month, had a market valuation greater than $300 million.ĭownload Now: 2020-2022 Emerging Technology Roadmap for Large Enterprises In the case of art, the NFT verifies provenance, ownership and access. It forms part of an entirely new means of monetization - and potentially a whole new digital ecosystem.Īn NFT is a unique blockchain-based digital asset that links to real-world assets like digital art or music and tokenized physical assets like houses or cars. The work, by digital artist Beeple, sold for more than $69 million. ![]() Earlier this year, Christie’s announced two major firsts for an auction house: It would accept cryptocurrency, and it would offer for sale a purely digital work backed by a unique nonfungible token (NFT).
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