NFTs

NFT Trends To Watch in 2022: Best Investment Opportunities

The first NFT was launched in 2014. But, the digital asset only caught public attention in 2021, and now celebrities like The Weeknd are talking about it. Digital non-fungible tokens have revitalized the decade of 2D static PFP images. Not only that, but they’ve also become a lucrative investment opportunity with the development of metaverse. NFTs have opened the creative doors for musicians, architects, programmers, gamers etc. Considering all these factors, we thought of creating a list of NFT trends to watch so you can catch on and leverage the potential. 

NFT Trends To Watch in 2022 

In 2021, the worldwide NFT market will have a trading volume of about $23 billion, but in 2020, it will only have a trading volume of $250 million. The expansion has been massive. 

Do you want to hop on the bandwagon too? Let’s dive into the NFT trends to watch in 2022!

     1. AR/VR

Augmented reality, like NFTs, is still in the initial phases. But, there can be a surge in NFT prices in the coming years. It’s a fresh approach that will add value to everyday living. International digital bullish experts say Augmented reality can reach 300 billion dollars by 2024. 

Several companies are working on augmented reality (AR) solutions for their customers. Apple, for one, is developing an augmented reality/virtual reality headset. The production date was originally pushed back from 2020 to 2022, but speculations claim that the tech giant has finished vital production experimentation.

     2. Acceptance for All

The industry for arts and music has a cutthroat competition. There are only a few artists and musicians that are famous. Talking of NFT trends to watch in 2022, one of them is a solution for freshers struggling to make their place. However, NFT marketplaces have opened their doors to every artist struggling to secure their position. 

An artist can enjoy primary and secondary ownership of their artwork using a blockchain and NFT. This ensures that they are always compensated for every distribution of their artwork. Your art may be championing a Coke ad next Christmas if you make a Bored Ape and put it up for avatar casts.

     3. Accessibility to Metaverse 

Metaverse is no longer a far-fetched idea. It’s practical and it’s here. However, metaverse is pretty accessible through different web browsers. With the right web platform, you can use any mobile or laptop device to access the metaverse with a single tap of a button. 

You can customize metaverse arenas to match the needs of a single event or seminar, with separate rooms and smaller sections available if multiple lectures or sessions are required at the same time.

     4. Metaverse Gamification

Gamification is yet another NFT trends to watch in 2022. It was never a thing before metaverse and NFTs. But thankfully, Play-to-Earn games now. The metaverse has many games like Axie Infinity, Decentraland, and others. Where you play the games in the metaverse, collect NFTs, and earn cryptos or NFTs in turn. 

Play-to-earn metaverse has revolutionized the gaming industry by allowing users to earn NFTs by completing specified activities while participating in metaverse games. There are around 389 active games in metaverse with an increase of 1.4 million Unique Active Wallets (UAW), representing 49% of the industry’s total traffic. 

The play-to-earn model has revolutionized the video game industry by allowing players to trade and swap assets between venues. Before the arrival of play-to-earn games, in-game assets had no real-world value since developers directly controlled all of the elements in the games.

     5. NFT Backed Philanthropy 

Crowdfunding has evolved as an inevitable outcome of NFTs as the world comes to terms with the benefits of tokenization. There is always an opportunity for charity anywhere there are huge sums of money, large investors, and valuable objects winnable. 

Using smart contracts to create NFTs that send proceeds to charity with each trade expands the number of charitable opportunities available. It’s considerably one of the prominent NFT trends to watch in 2022. 

These 5 points can turn the tide for NFTs in the coming decade. The stats are telling a great story for newcomers to join in. An entry barrier for NFTs is the price hike due to gas fees. However, Ethereum is planning on reducing its carbon footprint and lowering the costs of digital artworks.  

Conclusion 

As we conclude, remember for the first time in history, blockchain technology can be used to verify and track the provenance and ownership of digital data via NFTs. 

Buying and selling diversified NFTs of real-world paintings by well-known painters is possible and profitable. You can begin your research for NFT trends to watch in 2022 before investing hard cash in the market. 

We can confidently recommend to you that NFTs are a worthwhile investment if you are in search of a winning chance.