The past two years have been an extraordinary milestone in the world of cryptocurrency for a variety of reasons. Especially 2021 because in this year, the crypto market made a market capitalization of $3 trillion dollars while China imposed a complete ban on crypto trading and mining. Additionally, most cryptocurrencies reached their all-time highs in the same year.
In a dramatic year for cryptocurrency, new trends such as non-fungible tokens, decentralized finance (DeFi), and the metaverse emerged as major attractions in the crypto space. Discussions about NFTs, DeFi, and the ever-increasing hype around Web 3.0 and the metaverse are doing the rounds of online communities. Now it is 2022, a new year and we must discuss how these technologies will develop this year.
NFTs in 2022
Despite conflicting views about NFTs, they are a reliable means to redefine the perspectives through which users will interact with the web. In addition, NFT trends also demonstrate their potential impact on buying and selling art or creating and experiencing music.
In 2022 NFTs will be cover more digital goods, fantasy games, music, digital tagging are a few things that will be influenced by NFTs.
One of the important NFT predictions for the year 2022 will be the development of NFTs as a means of utility rather than merely promoting the arts. NFTs will further expand the gaming space and enable access to rare communities, most commonly associated with marketing for Web 3.0 and avatar casting.
Metaverse in 2022
The potentials of the Metaverse in 2022 look very promising, especially as several companies such as Meta, Microsoft, and Epic Games have invested heavy funds in developing the Metaverse. As companies gear up to understand the Metaverse and how it will shape up, the Metaverse trend for 2022 could show how it will evolve in the short term.
Metaverse in the entertainment sector is already gripping its place, soon it will also enter the fashion industry. And since there are infinite opportunities, we can expect a bright future of metaverse in the upcoming years.
DeFi in 2022
NFT and the metaverse is syncing with each other very well. So, how DeFi fit into the picture this year? If Metaverse provides the environment and tokens to interact with the NFT environment, DeFi provides the infrastructure for financial transactions.
DeFi has the potential to transform the cryptocurrency space, and the total value of assets locked in the DeFi protocol is $236 billion, which shows its importance. 2022 will be a year for more Digitization of Assets and we can also move closer to the DeFi Regulations
A summary of trends and the state of NFT, Metaverse, and DeFi for 2022 shows promising prospects. However, there are several inherent challenges that will emerge in the journey of NFT, DeFi, and the metaverse in 2022.
However, these challenges are not big enough to slow down the pace of development, these problems are easily solvable and that's what we are doing right now at NexonNFT.
NexonNFT is creating something incredible, it is creating an ecosystem where NFTs can be sold, bought, earned and holders can even get loans on it. The project has dApp and metaverse games, DeFi lending, staking, NFT marketplace, and Nexon bridge combined. The combination will help the users to experience the most user-friendly platforms, products, and games that will not only give them more access but opportunities as well. Thus go through the complete website and whitepaper and participate in the Nexon token sale now!