At the Let’s Build Contour 2025 Meet-up, Chisaneme Aloni delivered a focused and informative session, opening with a question to the audience, “What are NFTs?”. While initial responses revolved around digital art and indivisible tokens, he guided the conversation toward a broader definition: NFTs are unique digital assets that verify ownership of an item, often digital in nature, and recorded on the blockchain.
He explained that although NFTs rose to mainstream popularity due to digital art, their core value lies in verifiable ownership. Once acquired, an NFT cannot be duplicated or transferred without the owner’s approval. Its identity and ownership history are stored immutably on the blockchain
Opportunities in the NFT Landscape
Aloni highlighted several emerging use cases for NFTs beyond art and collectibles. A key area of opportunity is DAO membership and governance. Using Let’s Build DAO as an example, he illustrated how NFT holders can actively participate in proposals and voting processes, giving them a say in the future of the platforms they engage with.
Challenges Ahead
Despite the potential, he acknowledged the significant challenges facing the NFT space. These include:
- Fraud and money laundering: The lack of proper regulatory frameworks continues to be a concern.
- Public perception: Misconceptions and skepticism still cloud the space.
- Price fluctuation: The market’s volatility discourages long-term trust and investment.
Aloni emphasized the need for continued efforts to redirect public perception and help a wider audience understand the real-world use cases of NFTs and Web3 tools.
Best Practices for the NFT Ecosystem
He concluded by outlining key best practices necessary for sustainable growth:
- Avoid unauthorized utility speculation
- Prioritize security and transparency
- Encourage community-driven participation
As the session came to a close, Aloni introduced Lazy NFT, a project developed within the Let’s Build DAO ecosystem. With the tagline “Build it lazy, build it anyways,” the project aims to present a simplified approach to NFT creation and engagement.
Overall, the session offered a clear look at both the promise and the pitfalls of NFTs. With insights grounded in experience and supported by real-world examples, Aloni provided the audience with a balanced view of where the space is headed, and what it will take to build a stronger foundation for the future.
