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Sunday, May 29, 2022

Coinbetter walks you through the trend of the crypto industry in 2022 – Digital Journal

In 2021, BTC reached a peak of $69,000. DeFi will grow into an industry with a market cap of over $100 billion, and innovative public chains represented by Solana, Near and Avax will grow to a large extent. NFT sales exceed US$22 billion; Public figures such as Musk, Microstate and other institutions continue to “carry” crypto assets on social media, and mainstream institutions have paid unprecedented attention to the cryptocurrency sector. Entering 2022, the crypto industry will see huge ripples in the following three areas.

nft / gamefi

Recently, with the entry of world-class superstars like Jay Chow into NFTs, the NFT market has become increasingly hot in January. Indonesian College Student Releases Selfie Avatar NFT The character spirit is deeply loved by the community. The key to a successful meme lies in the divergent consensus, which also reflects the superior group effect and user stickiness inherent in the NFT market. Looking at the essence through the popular NFT embodiment, everyone spends energy and time paying attention to the essence of something, and even the frequency of such events and characters has not changed, but the carrier That has changed, and the Internet is based on IP traffic. In the field of Blockchain based on NFT trading platform, realization of asset transactions. NFT is undoubtedly one of the hottest trends in 2021. Within three months, the trading volume of crypto assets on the OpenSea platform has grown from $1 billion to over $10 billion, proving the potential of the NFT market as a whole. Projects like NBA-top-shot and Bored Ape Yacht Club have brought NFTs into pop culture, and they became one of the top search terms on Google this year.

We need to note that the market cap of physical arts is still as high as US$1.7 trillion, which means that the growth of the NFT market is just beginning. However, the NFT market will continue to flourish in 2022 with the increasing popularity of digital artefacts and the gradual tokenization of physical art, as well as improvements in verification and market liquidity. In addition to the traditional image form

Of NFTs, the game NFT has also appeared one after the other. According to data from DappRader, there are over 1,200 existing on-chain games, excluding unreleased games. The upcoming Illuvium Plus entry of some traditional game developers will attract users through the quality of the game. Those who have seen the Illuvium trailer should realize that as far as differences from existing on-chain games are concerned, the game has to be fun in order to generate revenue. Existing games are to some extent mere promotional tools, and they are bound to be sustainable. This elimination trend can be like the elimination of web games for PC games.

DAO

The DAO is also one of the popular areas in the crypto sector in 2021. In terms of commercial implementation, companies such as Coinbase and ShapeShift have changed their internal structures in the form of DAOs. With the popularity of the DAO trend and the continuation of the new crown epidemic, more companies will use the DAO to govern, break the basic internal business structure and practice the DAO concept themselves.

From the point of view of DAO ecological development, there are protocol DAOs in which crypto protocols give users voting rights, investment/collection DAOs that allow members to deposit funds to invest in specific assets, social DAOs which value around tokens. organize communities, and similar services online talent intermediary DAO, etc.

Given their outstanding achievements in their respective fields, it is expected that in the future, DAOs will become a mainstream tool for online organizing and group work, allowing people around the world to actively participate in the tasks they are taking. care. While the number of DAOs continues to grow, people continue to optimize DAO tools, operations, and introductory tutorials. In particular, encrypted wallets, as a gateway for social interaction, collaboration and transactions in DAOs, will certainly become an essential tool for DAOs in the future, and account personalization is a fundamental requirement of DAO development. The functions and roles performed by the wallet will become more and more important and play a very important role in the DAO. There is reason to believe that 2022 will see more projects dedicated to building DAO equipment and infrastructure.

web3.0

In addition to NFT/Gamefi and DAO, the Web3.0 sector is also an area to be noticed in 2022. Web 3.0 includes identity, data management, ownership, monetization and storage, as well as community-owned and operated organizations powered by blockchain. Technology. One of the main trends in investing in Web 3.0 is the development of projects for decentralized social networks.

Decentralized social networks may reshape the incentives and monetization of centralized platforms as they can be decentralized protocols rather than centralized companies subject to censorship or customer complaints. Instead, content creators will be able to interact directly with their audiences on these networks in a peer-to-peer fashion, rather than third parties. Among social networks, the largest funding round involved social media platform DSO, which raised a total of $200 million. Other content and social media open protocols funded include RSS3, Social, and Torum. Similar to social networks, other streaming-enabled protocols such as Ethereum-based streaming platform LivePeer raised $20 million in funding in the third quarter led by DigitalCurrencyGroup. In addition to social networking, other areas of focus include decentralized file storage and the Internet of Things. on 9th Decemberth, US Time, The House Committee on Financial Services held a hearing on “Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States” on Capitol Hill. This is the most active, constructive and bipartisan Democratic-Republican hearing ever held on crypto finance in the US House of Representatives. For the first time, US Congressmen used the forum of a committee’s plenary hearing to assert that Web 3.0 is the future of the Internet. It is surprising to see the importance of cryptocurrency rise to the same level as the Internet. Web 3.0 will become a turning point in the history of encrypted finance. It can be assumed that in 2022, Web 3.0 will set a big wave in the encryption industry.

The crypto industry is developing rapidly, and valuable innovative products are emerging one after the other. Understanding the exact layout of potential hot tracks for investments to generate high returns is a difficult bet. Coinbetter will focus on three areas of NFT/Gamefi, DAO, and Web3.0 in 2022, and through a series of measures such as Coinbetter Investment, help outstanding projects grow in the areas of NFT/Gamefi, DAO, and Web3.0 Will do Fund. The infrastructure of the region supports and incubates high quality value projects, as well as adding substantial liquidity to existing hot projects. Furthermore, relying on Coinbator’s resource advantages in the international market, it actively combines resources from different countries to power the project. A Better Coin Makes You Better, Coinbetter joins hands with you to spend the 2022 crypto harvest year. If you have any thoughts and questions about the three areas of NFT/Gamefi, DAO and Web3.0, please contact us.

Coinbetter Markets Brand Support Email: [email protected], looking forward to hearing from you.

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Coinbetter walks you through the trend of the crypto industry in 2022 - Digital Journal

World Nation News Desk
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