There is NFT Predictions to be a high demand for NFTs in 2022. In addition to an increasingly educated public, developers are also competing to create diversified and affordable NFT assets for investors to adopt.
Since its launch in 2017, the non-fungible token (NFT) trend has gradually started gaining market demand because of its higher value over time. This has led analysts to predict that 2022 will be an optimistic year for NFTs.
So, what are the predictions for NFTs and blockchain in 2022? Without waiting time, please read our full review on NFT Predictions for 2022 below.
1. More People Use Crypto Assets
As reported by Zipmex from AnalyticsInsight, crypto experts, especially the NFT, say that bitcoin will be adopted and used as a currency by many in 2022.
Not only that, the public will be more aware of the industry and crypto and blockchain technology. The impact will positively drive the adoption rate of crypto assets everywhere.
For information, El Salvador became one of the first countries to start legalizing bitcoin as legal tender. This will make it easier for those who want to carry out the mining process legally and protected by law.
2. Be a stable source of wealth for years
Do you believe that NFTs can be a stable source of income for years? This happens because the value of the investment keeps on increasing so that the profits can be multiplied.
Furthermore, thanks to the existence of the metaverse as a digital platform, it would be difficult to imagine without NFTs and the blockchain-based infrastructure that supports the economic balance there.
It is expected that in 2022, more developers will want to develop NFT assets that can be used as long-term investments, one of which is NFT Music which is becoming increasingly popular among artists.
3. NFT is more Eco-Friendly
One of the biggest hurdles why potential investors are reluctant to invest in crypto assets is their high carbon footprint when mining bitcoin.
In addition, various genuine companies interested in investing are also forced to consider the crypto mining process that violates several points in the ESG (Environmental, Social, and Government).
Fortunately, now various developers have started creating and developing crypto assets that are more environmentally friendly. Hope NFT and Blockchain will be more accepted by the community.
4. More Number of New DAOs
A Decentralized Autonomous Organization or DAO is a decentralized autonomous organization driven by a special algorithm. Some popular examples are Syndicate, ClimateDAO, MakerDAO, and Constitution DAO.
Looking at the number of crypto assets including NFTs being rapidly adopted by the public, it is predicted that there will be an infinite number of new DOAs in 2022.
This is because the DAO creation tool allows anyone to create a DAO for any purpose, including investments. For a complete explanation of the DAO, we have written it through the article on the link below.
5. Beware of NFT Risks
Although it promises a high price, you should be aware of the various risks that come with buying NFTs. One of them is the risk of copyright theft if it is not properly encrypted.
Also, you should pay attention to the cyber security that comes with every NFT purchase. If it has a good guarantee, you don’t need to worry about the risks that may arise.
Lastly, the actual value of NFTs really depends on the scarcity and perception of sellers and buyers of NFTs. So it may happen that the price becomes volatile at a certain point in time.
This is our prediction about the NFT trend to happen in 2022. Make sure you understand the concepts and principles of buying NFTs to increase the potential profit you can get.