Predicting the future of NFT in 2022

NFTs have been around since 2014, but only in the last year have they really become popular. For the first time, cryptocurrency exploded into the realm of art, games, music and more.

The NFT market has really exploded in 2021. So what’s next in 2022?

1. The blockchain game will prove to be a killer case for NFT

This year, the transaction volume of many blockchain game projects has exceeded 1 billion USD. Follow report by Forte.io, millions of people will be involved in blockchain-based games in 2021 alone. This sector is now seen as a major driver of blockchain adoption for many years to come, and NFTs will play a key role in the market.

The emergence of the play-to-earn phenomenon has shown us that the line between the “virtual” and the “real” economy is thinner than ever. And soon that border may not exist at all. Projects like Axie Infinity, Yield Guild Games, Zed Run… have shown us that players can make money in the metaverse. In some cases, this amount can be large enough to change their entire life.

As the opportunity to play games for money continues to increase, more and more people will start spending more time in the online gaming environment. And as this trend continues, the NFT will play an important role in aligning the virtual economy with the real world. This is because NFTs create and preserve unique value in the digital space. Without NFT, we wouldn’t be able to create or own things in cyberspace with our own distinctive colors.

No matter what gaming environment a user is in, there is room for NFT to grow when it comes to building and maintaining value. Currently, this value is mainly associated with virtual objects and avatars such as weapons, spacecraft, and character costumes. But in the future, NFT games will also play an important role in creating the unique character of this industry, the reputation of the chain and more.

2. NFT will play an important role in new forms of investment

Since the birth of Bitcoin, people have used blockchain technology to make great strides in creating new financial systems based on decentralized technology. This is truly a new revolution where people can access investment opportunities anywhere and get more profits. At the same time, many people can access financial services without having to go to a bank.

However, despite these advances, investment barriers still exist in the blockchain world. Fundraising methods based on cryptocurrencies such as ICOs, IEOs and STOs have high initial costs. This has prevented many projects from accessing the capital they need. Due to the legal and logistical challenges involved in raising funds from tokens, many projects have chosen the venture capital route. However, using this method, many people will not be able to quickly access the opportunity to “increase profits”.

NFTs can give more people access to better investment opportunities and provide start-ups with a new way to raise capital. New types of fundraising methods, such as GamesPad’s Initial NFT Offering (INO), have proven effective in raising capital at low cost without having to adhere to traditional investment models and barriers.

3. Retail will play an important role in the future of NFT

The NFT market will continue to grow as the technology expands into the mainstream over the next year. Many leading retail companies are entering this space including Prada, LVMH, Adidas, PUMA…

As more retailers enter the Web3 space, NFT will enable new partnerships to form between big brands. This partnership includes both virtual and physical products. For example, apparel brands can offer their customers both regular merchandise and virtual apparel in the Metaverse.

Ultimately, these partnerships will help drive the development of blockchain games and other Metaverse experiences. With the growing popularity of platforms like The Sandbox and Decentraland, people will have a variety of immersive experiences in the ever-evolving virtual space. Metaverse is expanding beyond blockchain games into blockchain environments across social media, work, and content creation.

In short, this year’s NFT exponential growth curve is just the beginning of the market. And as use cases of NFT technology continue to grow, even the most cynical NFTs will likely own a few tokens by the end of the year.

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