What Is the new crypto intel for the new year? What does 2022 have in store for crypto enthusiasts? These are the questions that are constantly in my head. Specifically, I wanted to talk about the Metaverse Trends for this year as this project seems to be promising in a lot of innovative ways.
While NFT may have been the newest buzzword of the last year, all the hype and controversy behind facebook's new rebrand had made "metaverse" likely to have been a close second. Since Facebook changed its name to Meta and announced a new focus on establishing its own metaverse, the phrase has been on everyone's lips who is even remotely interested in new technology.
This is an interesting topic indeed.
For a few blockchain-based firms that have gotten a head start, the metaverse is already quite profitable. Many metaverse projects had their native tokens achieve all-time highs last year, from the Sandbox and Decentraland to Axie Infinity and Defi Kingdoms.
If you look at the top three "Metaverse" tokens in terms of market capitalization, you'll see that they're all tied to gaming. This is Axie Infinity, the Sandbox, and Decentraland, and gaming, in general, will continue to be the dominating trend for most figures in the crypto industry and the metaverse sector.
The growth of virtual experiences, whether in the form of digital streaming of videos or events or virtual reality, maybe one of the most remarkable. This, like games in the metaverse, should see a lot of use of NFTs.
What are your thoughts on this topic? Will metaverse be the next big thing? Only time can tell.