NFT vs Digital Collectible: What's the better term?

Piet Kleeßen

In recent years, the term NFT has become more and more popular, even among the general public. Nevertheless, there are discussions regarding whether the project should change the wording from NFT to digital collectible. This is an interesting debate that deserves more consideration.

✋ On one hand, the term NFT can be difficult for newcomers to understand due to its technical origins. This is a valid concern, as it is important to make the concept accessible to as many people as possible. However, it is already an established and well-known term, and changing it could lead to confusion and even pushback from those who are already familiar with it. Additionally, it is possible that people associate something negative with the term NFT due to past events. This is definitely a challenge, but it is also an opportunity to educate people on the true value and potential of NFTs.

🤚 On the other hand, the term digital collectible could potentially make it easier for newcomers to understand the concept. It is a simpler and more straightforward term that does not require any technical knowledge. However, it will take time to be embraced again, and it is unclear whether it will ever become as widely recognized as NFTs.

In conclusion, while there are valid arguments for both sides of the debate, it is ultimately up to the project to decide which term to use. Regardless of which term is chosen, it is important to continue educating people on the value and potential of this exciting new technology.

The content was primarily produced for Linkedin, enhanced with the help of AI and published here on the metavalue micro-blog.
As a leading web3 marketing agency, metavalue helps companies to enter the internet of the future, the web3. Our services range from consulting services such as onboarding workshops or the development of digital products (e.g. NFTs) to communication services such as the activation and management of web3 communities.

Image Source: Forbes

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