I researched the possibilities of the ecosystem that would surround cryptocurrencies this year through specialists and businesspeople.
The global economic system has undergone a true upheaval as a result of the bitcoin ecosystem. Interest in potential blockchain trends and their long-term effects is growing steadily. There are options outside of cryptocurrency that need to be considered.
The advancements made in the crypto asset space—from the metaverse to DAOs, through decentralisation to NFTs, or the emergence of larger digital tokens—go hand in hand with the blockchain trends of 2022. So what are this year's trends in blockchain technology?
The metaverse's ascent as one of the blockchain's trends
The metaverse is without a doubt the first blockchain idea that comes to mind when discussing blockchain trends in 2022. Beyond the publicity brought on by Facebook and the name change to Meta, this market is experiencing rapid expansion, and tokenization is already starting to take hold.
Instead of being a preset collection of realities created by a select few, the metaverse must be user-generated content that is driven by creating a world devoid of coding.
Also, a fully functional economy so that all participants can trade in goods and services that have certain values.
Also, as one of the outstanding blockchain trends, the metaverse must-have content and a variety of experiences created by individuals or companies as in the real world; and it should be continuous, like a living experience for everyone in the real world, where users could connect at all times.
But what is the connection between the metaverse and the world of cryptocurrencies and the trends of blockchain technology? Many of the new platforms that work under the blockchain umbrella have regular use of non-fungible tokens (NFT) and digital tokens to build, own and monetize decentralized innovative assets.
Without blockchain technology, the metaverse would be incomplete because everything would be stored in a centralized network. Thanks to blockchain's ability to function globally as a digital source where crypto makes decentralization possible. The metaverse is different from what the Internet offers today.
The Decentaraland is one of the examples of blockchain metaverse. It is a decentralized 3D virtual reality platform that uses the Ethereum blockchain.
Decentralization would give users protection and security and allow them to own their data, while cryptocurrencies would allow buying and selling goods on the metaverse.
The GameFi predicts blockchain trends for 2022.
GameFi, or where Defi meets the gaming industry or where successful financial decisions meet fun and innovation, is another of this year's blockchain trends.
In recent years, blockchain technology has advanced and spawned numerous new blockchain games (P2E) Here are a few of the most well-known:
In the Ethereum-based game Axie Infinity (market cap: $10 billion), players can gather, breed, and trade imaginary animals called Axis, such as Pokémon, in exchange for tokens. Due to its "play to win" nature, it is primarily played by players from the Philippines and Venezuela.
Players in the game CryptoBlades, built on the Binance smart chain, get SKILL tokens by eliminating their adversaries, advancing alongside their friends, and winning.
The majority of today's games are rather simple to play and incorporate NFT in the form of characters or items that can be traded within the game.
This industry has a lot of potentials, therefore as the next step in its growth, we may anticipate seeing many well-known gaming firms enter the markets of other, more authentic brands and begin selling their goods, like NFT in games, in those markets.
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