• bitcoinBitcoin (BTC) $ 64,385.00 3.37%
  • ethereumEthereum (ETH) $ 3,158.75 2.48%
  • tetherTether (USDT) $ 0.999815 0%
  • solanaSolana (SOL) $ 146.72 6.1%
  • usd-coinUSDC (USDC) $ 1.00 0.07%
  • xrpXRP (XRP) $ 0.528146 3.14%
  • dogecoinDogecoin (DOGE) $ 0.151607 6.04%
  • cardanoCardano (ADA) $ 0.476115 4.87%
  • shiba-inuShiba Inu (SHIB) $ 0.000026 5.22%
  • avalanche-2Avalanche (AVAX) $ 36.26 6.7%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 64,404.00 3.44%
  • polkadotPolkadot (DOT) $ 6.98 4.04%
  • bitcoin-cashBitcoin Cash (BCH) $ 480.14 5.32%
  • chainlinkChainlink (LINK) $ 14.65 3.71%
  • litecoinLitecoin (LTC) $ 83.49 3.18%
  • uniswapUniswap (UNI) $ 7.77 2.97%
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000104 6.45%
  • binance-usdBUSD (BUSD) $ 1.00 0.25%

SUI has been making a lot of buzzes since its Binance Launch pool and Mainnet going live on May 3, 2023.

For those that are just getting to hear about read about SUI, it is a Layer 1 blockchain and smart contract platform designed to make digital asset ownership fast, private, secure, and accessible to everyone. 

It is simply a new permissionless Layer-1 blockchain running on a proof-of-stake consensus mechanism, offering unprecedented scalability and low latency for simple use cases. It has been dubbed as the Solana Killer.

SUI network has lots of potentials to bring new, never-seen-before applications for blockchain, especially NFTs. In this article, we are going to explore some of the potential use cases and utilities that SUI can enable in NFTs.

This blockchain has been designed to be an embodiment of capabilities, dynamism, extensibility, and innovations. Let’s see how that can affect the NFTs ecosystem.

Let’s start with gaming. Almost everyone has agreed upon is that gaming in blockchain still has a long way to go.

The gameplay, graphics, characters, and environment are yet to be on par with the more traditional games. It’s unsurprising because even those traditional games took a while before they got to where they are today. The evolution of video games started way back in 1958.

The good news is that it won’t take such long decades for NFT games to get better. We’re likely to see something better soon on the SUI network. Reportedly, several NFT projects want to scale their gaming with development with SUI and hopefully, before the year runs out, we may start seeing new cool games being developed on SUI.

You have probably seen in Sci-Fi movies where game players use exosuits that are connected to games, making the gameplay feel more realistic. It’s like a full-on immersive augmented reality (AR) where everything feels surreal. Everything you touch feels real.

That application may not be so farfetched in the near future. We are likely to see that kind of application being real, and SUI might just open up a path to making it come to life faster.

The application of this technology is not limited to gaming but has other applications like health/medical training, robotics, engineering, and learning.

The metaverse could also be greatly influenced by SUI as well as how we interact with our digital assets. It could be argued that the metaverse is still “underdeveloped” at the moment. Numerous companies are working to create a metaverse that feels like an actual escape from reality where everything feels almost real in the metaverse. We could witness some utilities in the metaverse by SUI NFTs that feature advanced metaverse with more interactiveness similar to the ones we have witnessed in Sci-Fis.

AI is here to stay but we are just beginning to unveil and utilize its numerous uses. NFT + AI will be one of the new applications that will level up how we use NFTs. NFTs can offer AI utilities to their holders that handle a direct number of tasks.

For example, an NFT project can build their version of ChatGPT based on the resources available and give them premium access to use it as their virtual assistant without limitations, high request traffic, and monthly subscription payments. It can also be a voice assistant similar to Siri but on steroids.

Maybe we might see an assistant like J.A.R.V.I.S from Iron Man (what a time to be alive!).

SUI NFTs could also change the entertainment industry. From NFT ticketing to virtual concerts, and metaverse parties. The application for this is limitless.

We could see so much from SUI if its potential is reached and well utilized.

 

Share