The NFT industry began to actively develop during the 2020-2021 cryptocurrency bull market and offered many opportunities for investing in NFTs. Tokens have been actively used as a unique and simple means of enrichment in different NFT marketplaces. They were used by media personalities to increase their brand awareness or simply to own cool and rare items. After that, many people tried to find out how to make money from NFT art or how to find the best NFTs to invest in.
However, in 2022, the situation could change and non-fungible tokens could evolve again and become a really important and valuable part of the cryptocurrency world. Tokens can be used as a universal asset, a bridge between different blockchains, or an interaction key in metaverses. And at the same time, all of them will have the same value due to the active development of cross-chain technologies, as well as the virtual worlds and GameFi sector. And for now, there are many opportunities to make money with NFT.
The major NFT market trends to watch in 2022
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The NFT market has already seen quite a boom, with total token sales reaching a cosmic $25 billion in 2021. But after that, a mighty recession ensued and the market collapsed by more than 50%. But if you think NFT is “a train ticket that’s gone”, then you’re wrong! The industry has enormous potential for development and is only at the initial primitive stage of its existence.
The NFT is just beginning to take shape as a class asset. There is no doubt that in 2022 and beyond, this crypto sector will continue to grow and function due to the limitless possibilities of use in different sectors of human activity. In this article, we bring you the top 5 NFT trends that you absolutely need to watch.
1. Blockchain differentiation. Gradually, we are witnessing the transformation of the industry, which is to gain the main advantage of crypto projects – gaining decentralization. If until recently all NFT projects were created on the basis of the main altcoin Ethereum, then in 2022 many effective and profitable alternatives have appeared.
Large and successful NFT projects are being built on Solana, Binance Smart Chain, Avalanche, NEAR, Polkadot and other promising blockchains. A differentiation appears on the market both at the level of the functionalities of the blockchains and at the level of the distribution of the volumes of exchanges between the networks. This allows the market to develop in different directions and create a completely different, but at the same time profitable and useful product.
2. P2E industry. At the end of 2021, many began to notice that the NFT industry was moving into the playing field. If in 2020 the main feature of non-fungible arts was the creation of unique art objects or art platforms for a restricted category of people. However, later we saw a new round of development of NFT industry, which captured the hearts of millions of gamers around the world. Many have heard of projects such as Drunk Robots, Axie Infinite and many more. The combination of interesting gameplay and various in-game NFT investment items that can be traded and traded has formed a distinct P2E direction. And there is no doubt that it will continue to develop in 2022.
3.INO. The world of cryptocurrency is in many ways a mirror of the current situation in the world, and many mechanisms also reflect certain processes of classical economics. One such example was the ICO BOOM in 2019-2020, but in 2021 the initial NFT offering trend started to emerge. And in 2022, this way of attracting investment for gaming projects has become a real cash reserve. Project teams use this mechanism to diversify the public and raise the funds necessary for the development of the project. Thus, NFTs have become a kind of analogue of titles, which have a lot of additional features. And every day more and more NFT markets appear, where users have a wide range of opportunities to invest in NFT or how to sell NFT artwork.
4. An absolutely new direction in building a special process of interaction between various representatives of the crypto community. Many well-known NFT tokens from big collections like BAYC or CryptoPunks are worth dozens of ETH, and not everyone can afford them. Some marketplaces are developing a unique partial ownership system that allows users to own the coolest NFTs from the best collections through pooling resources in a multisig wallet. The feature is just beginning its journey into the world of crypto and will soon appear in full form on the Liquidifty marketplace.
5. Use NFT to own various items. It’s no secret that to confirm ownership of land or a car, a person must present a special document that guarantees him this right. In the world of crypto, everything will be much easier thanks to NFT technologies. Due to the unique structure and ease of use, the non-fungible tokens will replace the usual documents certifying any entitlement for an individual. First of all, this trend will continue in the digital world of metaverses, but will also begin to apply in real life.
The wide variety of functions that NFT technology hides makes it necessary to seriously approach the search for a better NFT market where, for a small commission, the user can fully utilize the potential of non-fungible tokens. Liquidifty is one of the best NFT platforms where the implementation of any of these features is real. The market hosts a large number of unique INO and IDO projects every month with valuable P2E mechanisms and NFTs. The latest Drunk Robots project put up an absolute sell-off, making a profit of 300%.
Additionally, the Liquidifty NFT Marketplace Launchpad system allows users to use NFT trading platform life hacks and receive additional privileges when participating in Airdrops and other marketplace activities.
Liquidifty NFT Marketplace users can deposit non-fungible collectibles as collateral for crypto loans, which in turn can be used to earn additional DeFi revenue, trade, bet, and more.
Multiple Ownership: Fractional pools that allow users to buy premium NFT shares and earn a percentage of the profits once the asset is sold, which can only happen if all or most of the holders sign a transaction in a wallet multisig.
In 2022, a difficult question has arisen regarding the future of the crypto market and the NFT industry. The bear market has hit people’s ability to invest hard, and the level of liquidity in the market has dropped by almost half. Liquidifty NFT marketplace co-founder Slava Mikhalkin has his own opinion on this:
“NFT, like any other popular trend, follows periods. In the beginning, there was a period of excitement and high expectations. In the spring and summer of 2021, we saw disappointment and a gradual disappearance of emotions. The next step will be total disappointment and recognition of NFT as a scam.