The NFT market has experienced significant changes recently, with a maturation of the space in 2022 due to a bear market. This has resulted in a cooling off of the previously wild west NFT market, with collectibles and large-scale PFP projects losing their hold.

However, advancements in blockchain technology and a crossover to Web3 have solidified several robust NFT use cases that could change the metaverse. NFT ticketing and membership passes are underrated sectors of the NFT market that could benefit the future of live events, while SBTs could provide a better way to verify important information on the blockchain.

Additionally, phygital goods and AI collaboration are becoming increasingly prevalent in the NFT space, although ethical concerns have been raised about the creation and sale of AI art. Despite this, these NFT use cases continue to gain momentum and bring blockchain technology to mainstream society.