Therefore, we should look forward to seeing more utility. Whether through airdrops, tokens, or commercial rights, collections must be uniquely carved with a defined purpose to attract collectors and accelerate sales. For NFT projects to become successful, they must be uniquely defined to stand and serve a purpose of value to the collector. Hype can work to take a collection to an extent temporally, but its actual value and longevity in utility. But as time goes by, we come to terms with the unsustainability of every collectable project. NFT collections had a sold-out in 2021 because of the availability of 10,000 profile picture collections. Similarly, the BAYC announced a partnership with Animoca Brands that is expected to be launched in 2022. However, the NFT collection, The Forgotten Rune Wizards has announced the addition of a play-to-earn game, with their floor price doubling in less than 24 hours of its announcement. With the initiative of Crypto Kitties that started the foundations of play, the second half of 2021 saw the addition of play-to-earn games by many NFT projects to their roadmap.
This has enabled gamers to be compensated for their time while having unlimited exposure to new opportunities. Games have perfectly played an active role under NFTs with blockchain technology. Interestingly, this is just the beginning, as it is believed that many brands will continue expanding in the NFT space. On the other end, trailblazer RTFKT studios was acquired by Nike. Before the end of 2021, we saw the emergence of big companies like Adidas and Nike throwing their interest at NFT.Īdidas is now in partnership with several NFT companies like Punks comic, Coinbase, and BAYC. So, what is in store for NFT in 2022? In this article, we will look at some ideas and thoughts about NFT in 2022.įrom the second half of 2021, many brands began to take a keen interest in NFTs, the highlight of which accrued the volume of sales at about $9 billion in 2021. Steph Curry, DJ Khaled, Jimmy Fallon, Post Malone, etc., are already investing in different NFT projects. Despite some taunts and scepticism expressed towards it by many, NFT was able to tickle further the interest of investors (mainstream businesses and brands) to understand further how it works.įor further illustration, celebrities are not left behind in joining the bandwagon of NFT investment. NFT has come with a complimentary from The Collins Dictionary that crowned it word of the year. It is no longer news that NFTs are the new deal in the world of technology. Today, there are more sophisticated NFTs that works on collectors’ utility with significant development across all board. From PFP collection fever to 1/1 auctions on Foundation.
The NFT space has experienced a parabolic growth that left many in awe in 2021.
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