The world of cryptocurrency is constantly evolving, and it can be hard to keep up with all the latest trends. In this article, we will discuss some of the most important crypto trends to watch for in 2022.
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In this article, we will discuss the most important crypto trends to watch for in 2022. So, let’s get started!
Crypto trends to watch for in 2022
The cryptocurrency world is constantly evolving, and new trends are emerging all the time. Here are some of the most important crypto trends to watch out for in 2022.
NFTs move beyond JPEGs and into the physical world
The world of non-fungible tokens (NFTs) is still in its early stages, but we’re already seeing a move away from digital art and collectibles toward physical NFTs. This trend is being driven by many factors, including the increasing popularity of blockchain gaming and the rise of so-called “crypto-collectibles” like CryptoKitties.
One of the most exciting aspects of this trend is the potential for NFTs to be used as a form of currency. For example, we could see physical NFTs being used to buy and sell real-world goods and services. This would open up a whole new world of possibilities for businesses and consumers alike.
Blockchain gaming and metaverse boom
With the release of new platforms and technologies, the gaming industry is set to enter a new era of development. Blockchain technology is one of the driving forces behind this change, with its ability to create secure, decentralized ecosystems for game developers and players.
One of the most anticipated projects in this space is Decentraland, a virtual world built on the Ethereum blockchain. In Decentraland, players can purchase land, build homes and businesses, and interact with other users in a fully immersive environment. The project is still in its early stages, but it has already attracted a large community of developers and gamers.
Layer 2s steal the limelight
While Layer 0 and Layer 1 are important, it is the second-layer solutions that will take the crypto world by storm in the coming year. This is because layer two protocols offer much-needed scalability solutions to Ethereum and Bitcoin. In particular, Ethereum’s scalability has been a big pain point for the network and has led to high transaction fees and slow transaction speeds. However, with layer two solutions such as Optimism, Connext, and Loopring, we are finally seeing some relief for Ethereum users. It means that we can expect to see more adoption of Ethereum in the coming year as these solutions become more widely used.
Crypto payments hit the mainstream
In 2020, we saw a major push for cryptocurrency adoption by both individuals and businesses. This trend is set to continue in 2022, as more people become comfortable with using digital currencies for everyday transactions.
We’re already seeing this happen with big names like PayPal and Square, who are now allowing customers to buy, sell, and hold cryptocurrency on their platforms. As more companies embrace crypto, we’ll start to see it become a more mainstream payment method.
This is good news for those who have been invested in Bitcoin and other digital currencies for years. But it also opens up a whole new world of opportunities for criminals and scammers. So while crypto payments become more commonplace, we need to be aware of the risks involved and take steps to protect ourselves.
Shifting globally towards Defi
In the past year, we’ve seen a surge in Defi projects and applications. From lending platforms to stablecoins, there is a growing interest in this area of crypto. This trend is likely to continue in 2022 as more people become aware of the benefits of Defi.
One of the main advantages of Defi is that it offers a way to earn interest on your crypto without having to put it into a centralized platform. This is because Defi applications are built on the Ethereum blockchain, which allows for trustless and decentralized transactions.