Many world-famous brands are striving to gain an advantage by designing their own NFTs. For instance, in December 2022, Adidas introduced a collection of 30,000 NFTs. Well-known companies, such as Nike, Ubisoft, Axie Infinity, Coca Cola, Pepsi, Clinique, and Gucci have already released their own NFTs.
If you want to launch an NFT marketplace or
invest in this niche, read the article to find out the latest NFT trends and
get ideas for earning income.
The recent NFT market statistics
At the end of 2021, the NFT token market
accounted for $41 billion, according to Chainalysis, a blockchain data company.
Statists inform that the market capitalization of NFT transactions experienced
almost a tenfold increase between 2018 and 2020, climbing from $40.96 million
to slightly over $338 million during the indicated period. In 2019, the market
capitalization accounted for $141.56 million.
In December 2021, the volume of non-fungible
token sales rose beyond the $4 billion mark, as reported by Yahoo Finance. As
of February 2022, the number of daily NFT sales is 28,421.
It is worth noting that prior to a big boom in
the second part of 2017, there were just 100 sales per week. Additionally, the
number of active electronic wallets through which NFTs were sold or purchased
reached over 1.976 million last year.
Top NFT trends for 2022 and beyond
- 1. Tokenization in gaming
The tokenization of gaming is among the main NFT
market trends for 2022. In the new digital environment powered by blockchain,
gamers can buy assets like virtual land, characters, access to rare
communities, clothes, and weapons for avatars in the form of NFTs. This year, we
expect to see an increasing number of gaming projects that will introduce NFTs
to promote their services, attract the audience, and improve user engagement.
Concerning real-life stories, let’s have a look
at Axie Infinity, a metaverse-style online video game released by Vietnamese
company Sky Mavis. Axie Infinity enables players to collect, train, raise and
combat digital creatures named Axis that are tokenized as NFTs and are stored
on the Ethereum blockchain. To start playing, customers have to purchase three
Axie NFTs through the in-house marketplace app.
CNBC reports that during coronavirus lockdowns
in June 2021, the game became the main revenue source for some people in the
Philippines. As of February 2022, Axie Infinity has 2.8 million active players
while the volume of sales generated via the in-house NFT marketplace accounts
for $3.6 billion. By now, Axie Infinity has raised a capital of $9 million over
4 rounds.
- 2. The evolution of music
The evolution of music influenced by
non-fungible tokens is one of the top NFT trends for this and coming years.
Delivering transformative experiences, music NFTs are poised to experience a
surge in 2022. With the new technology, it is possible to release songs,
soundbites, and lyrics as NFTs.
Furthermore, NFT creators can combine music with
digital art in various formats (GIF, PDF, JPG, etc.) to design unique pieces of
artwork with music embedded.
NFT marketplaces address intellectual property
issues. Currently, content makers often have to waive their rights to companies
or audio streaming platforms. Additionally, it is generally challenging to
track the sequential distribution of artworks.
The system is run by a community of artists,
fans, and software engineers. In September 2021, Audius had 6 million monthly
active users, up from 2.9 million unique users in January of that year. By now,
Audius has managed to attract $13.6 million over 3 rounds.
- 3. Web 3.0 will gather pace
Known as the next phase of the World Wide Web,
Web 3.0 is based on blockchain technology. Used by enthusiasts to describe the
third, improved version of the Internet, Web 3.0 includes concepts like tokenized
economics and decentralization.
Web 3.0 comprises a range of components that
involve the NFT Development Platform, cryptocurrencies, decentralized autonomous organizations (DAOs),
and in some cases, virtual and augmented reality. With everything on the
Internet stored on the blockchain distributed ledger, people will have more
control over their data and intellectual property.
While Web 2.0 is about reading and watching
content, Web 3.0 implies having asset ownership, monetizing assets, and
receiving rewards. Powered by blockchain, non-fungible tokens perfectly fit the
new, decentralized future.
Web3 opens up new opportunities for creators. We
believe new technologies like blockchain and NFTs can allow creators to build
deeper relationships with their fans. Together, they’ll be able to collaborate
on new projects and make money in ways not previously possible.
- 4. Metaverse
Metaverse, with non-fungible tokens at the heart
of it, is among the top NFT trends for 2022 and years to come. NFTs,
cryptocurrencies, and blockchain are anticipated to facilitate barriers for
entering the metaverse, which is a universe of interconnected virtual worlds.
- 5. Personality NFTs
With the pandemic lockdowns and self-isolation,
people became increasingly engaged with the possibility to move their lives
online for social connectivity and entertainment. Celebrities and other
individuals can create their own tokenized personalities as avatars in the
metaverse.
NFTs introduce wild new opportunities for
artists and musicians to reach the audience and gain popularity while
delivering game-changing user experiences. The musician Teflon Sega, for
instance, exists only in the metaverse as a digital persona. In 2022, we expect
to see a lot of celebrities and other people designing their own NFT
personalities to perform anonymously in the virtual world.
- 6. The rise of decentralized autonomous organizations
Supported by digital content creators and
enthusiasts, non-fungible tokens have high investment potential. As NFT
startups and assets attract huge capital, investment DAOs will become more
prominent this year. In fact, a DAO is a community that invests as a single
entity. Thanks to this, DAOs can accommodate and invest more resources in
comparison with other firms and individual investors.
Final words about NFT trends
Representing a new kind of digital art and
entertainment, NFTs are witnessing rapid growth with sales that amount to
billions of dollars. In 2022 and beyond, the popularity of non-fungible tokens
will continue to increase.
This year, we will see a wave of NFT marketplace
platforms allowing artists and enthusiasts to trade tokens, enjoy a
transformative user experience, and generate profit. As the NFT network will
mature and digital content will be more appreciated in value, new brands and
content creators will join the trend to promote their products and services.
If you want to build an NFT marketplace, drop us
a message. Our software experts will get back to you within 1 working day and
help resolve all issues. With considerable experience in NFT marketplace
development, we can implement the project full-stack, from business analysis to
release and maintenance. Consultation is free of charge.
To
know more, contact us at: https://www.codezeros.com/
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