Last year it became imminent that blockchain, cryptocurrency, and NFTs will change the world as we know it. It is already well on the way. This year will be the year of NFTs, and in this article, you can be a little wiser on why 2022 is the year to check them out.
Last year, NFTs seemed to become the center of conversation all over the world. Suddenly, the potential of these non-fungible tokens became clear and the volume of NFTs exploded. Especially within the art world and the gaming world, where it has been impossible to avoid the subject of NFTs all through 2021.
Not only NFTs, but also the technology behind them, blockchain, and the cryptocurrency-related to them is the center of attention. Bitcoin reached its all-time high, and many big companies announced that they would soon be accepting crypto as payment. At the same time, many were raising concerns about the environmental impact of blockchain, while others presented new solutions to this problem. To understand how NFTs work, and why they are so popular, you have to understand blockchain. You can learn more about the technology behind NFTs here.
1. NFT Utility is Only Increasing
2022 will be the year when the utility of NFTs will massively increase. The possible use of this technology is becoming clearer as new applications of NFTs are emerging. They are now a part of charitable projects as well as events and projects in many different sectors. In the art world and the gaming world, they’re already being utilized in many different settings, but 2022 will be the year where they transfer into many new arenas.
2. NFT Gaming and Play-to-earn Games
In the gaming world, NFTs are already massive. This development will only continue and increase in the coming years. One of the significantly popular things is play-to-earn games. If you’re a gamer, this is one good reason to check out NFTs (if you by a magical coincidence haven’t already). Simply put, in play-to-earn games you can get rewarded with NFTs when you win. These can translate into real money as you sell or trade them. For some gamers, these types of games have now become their livelihood.
3. Potential growth and an increase in NFTs selection
Another good reason to choose 2022 to invest in NFTs is the potential growth of new NFTs. The earlier you start out, the better are the odds of investing in something that will increase in value. Of course, investing in NFTs is always risky if you have a goal of selling them with a profit. You can never know for sure which NFTs will increase in value and which will not.
At the moment, the selection of available NFTs is continuously growing as the popularity is going through the roof. So, if there are lots of options to choose from and if you want to get ahead of the game, right now might not be a bad time to buy. If you want to follow the development of the NFT market and news on the latest modern technology, you can do so here.
