Adding this functionality unlocks a number of cool use cases that could make NFTs more valuable than "overpriced JPGs." These include:
Composability - This allows you to bundle your NFT with other assets into one profile. These assets can then be sold or transferred together.
Identity - NFTs can have their own accounts and interact with dapps independently.
Provenance - This will allow you to get a full picture of the past history of an NFT beyond simple ownership.
Dependency - Your NFT can interact by itself with other on-chain assets or platforms, enhancing its functionality and value.
However, the standard faces some challenges including adoption, security, and user-friendliness.
Investor takeaway: If TBAs become widely adopted, expect to see another NFT boom. It has great potential applications for the gaming, art, and identity industries, with more use cases just waiting to be discovered. Watch this space closely and stay subscribed!
