6 Biggest NFT Trends to Look Out For (2022) – Best Guide

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6 Biggest NFT Trends: Everyone has opinions on NFTs (non-fungible tokens) Trends. For some, they’re just another fad that’ll fizzle out any day now. For others, they’re the next big thing in the crypto-verse. Regardless of where you stand on the issue, there’s no denying digital collectibles like these are going to continue their impact on the crypto market in 2022. 

NFTs first rose to prominence in early 2021, when digital artist Beeple sold an NFT of his artwork Everyday: The First 5000 Days for a record-shattering $69 million at Christie’s auction house. 

That milestone opened the floodgates and led to countless headlines, involving more non-fungible assets such as crypto art, NFT avatars, real estate, and GameFi. NFTs were such a hot topic in 2021 – be it on mainstream newspapers or major social media platforms – that the Collins English Dictionary ended up selecting the acronym as its word of the year. 

Besides their impact on the general population, NFTs Trends have also opened up a whole new world for blockchain technology, with new developments in smart contracts, the Ethereum blockchain, and many others.

As developers come up with more applications for the technology, the popularity of NFTs shows no signs of slowing. To give you an idea of where the market may trend, we’ve taken a snapshot of the latest and hottest trends that we’re likely to see more of in 2022. 

6 Biggest NFT Trends To Look Out For:

Beeple’s record-breaking NFT coup was far from the only high-profile NFT art sale reported in 2021. To quickly recap, a GIF of the Pop-Tarts®-bodied feline meme sensation Nyan Cat sold for 300 ETH (worth an estimated $590,000 at the time). 

6 Biggest NFT Trends: Art Is On The Rise, And So Are Trends.

A month later, in March 2021, a digital card displaying an image of a morph between Homer Simpson and Pepe the Frog called Homer Pepe sold for 205 ETH (equivalent to $320,000 Trends at that time). NFT art (or crypto art) has become so popular that Sotheby’s Auction House launched a dedicated NFT marketplace called Sotheby’s Metaverse, which reportedly achieved almost $100 million in Trends before the end of 2021. 

The hype didn’t just stop with crypto art, as NFT avatars — algorithmically generated digital images of cartoon characters — quickly became the next big thing, with numerous avatars selling for millions of dollars. Perhaps the most famous examples of avatars from 2021 are the collections from Bored Ape Yacht Club and CryptoPunks, which count major celebrities such as Snoop Dogg and Jimmy Fallon among their fans.

Gaming was probably the second biggest area of development for NFTs Trends in 2021. GameFi (a portmanteau of gaming and finance, otherwise known as NFT gaming) paved the way for this development with blockchain-based play-to-earn games that reward players with in-game NFT assets. 

Games and tokens like Gods Unchained (GODS), Axie Infinity (AXS), Genopets (GENE), Illuvium (ILV), and My Neighbor Alice (ALICE) made waves in 2021 with play-to-earn (P2E) models that make gamers real money. Players are free to collect, trade, or sell their NFTs as they Trends please because they have complete ownership of them. 

Unlike traditional in-game assets, which are locked on the platform where you’ve acquired them, NFT assets can be transferred to NFT marketplaces — where they can be sold for cash or traded for other assets. 

NFTs Take On Hollywood 

One of the bigger changes caused by the Covid-19 pandemic is the model for how studios release and monetize new movies — as even blockbuster films now go straight to streaming. The television industry has similarly experienced change, as it adjusts to the popularity of nonlinear streaming viewing habits.

Streaming has completely revolutionized content delivery. But is having a middleman who controls what you can and can’t watch the future of entertainment? Some crypto experts think NFTs are the next frontier — which could change how content is consumed. 

Several TV shows and film projects are using NFTs to acquire funding, such as Men of the House, whose pilot episode was completely financed by NFT sales. Actress Jennifer Esposito (NCIS, The Boys, Crash) leveraged NFTs to finance her upcoming directorial debut, Fresh Kills. The crime movie, whose screenplay was written by Esposito, was financed through a $3.5 million IPO of securities on the Upstream exchange. 

It’s a pretty big endorsement for the NFT space, and perhaps the clearest sign that NFTs and the entertainment sector are only going to become more Trends entwined in the future. 

Music NFTs Sing-Along

The music industry has also caught the NFT bug. It’s no secret that it’s difficult for musicians to earn under the current system, with artists getting paid fractions of pennies per stream. Independent musicians are turning to NFTs as a new financial model that offers more creative freedom. 

Music NFTs Sing-Along

The trend in 2022 appears to be more NFT albums and songs. Musician Daniel Allan, who was recently featured in Time Magazine, is one example of an artist who has reportedly sold digital copies of his songs as NFTs for thousands of dollars each. 

Weekend, who makes electro-pop music, uses platforms like Glass to showcase his work. Glass is a video streaming platform where every video is an NFT that’s owned by the creators, who get to decide how the content is monetized without any middlemen. Other ventures in the music industry include Band Royalty NFTs, which enable music lovers to earn a share of the income collected every time a song in the platform’s catalog is performed.

Band Royalty reportedly has 3,000 NFTs on its platform, with the long-term goal of having a total of 12,000 NFTs over the next 18 months. 

Using NFTs To Get A Loan

It might sound like the only good potential use cases for NFTs are in digital art, media and gaming, but they go far beyond play-to-earn games and prohibitively expensive cartoon profile pictures. One up-and-coming use case is NFT Trends.

Investors are putting their NFTs and NFT collections to work by using them as collateral to obtain loans for emergencies and new potential investments. 

Several Defi (decentralized finance) platforms were launched in 2021 to facilitate loans using NFTs as collateral. For example, Arcade is a DeFiDecentralized Finance (Defi) that takes the decentralized concept of blockchain and applies it to the world of finance. Build… platform that offers NFT-backed loans. 

The borrower and lender must first agree to the terms before the collection is locked in an escrow account facilitated by a smart contract deployed by Arcade. The NFT(s) remains locked up and irretrievable until the loan is paid in full or defaulted Trends.

Coming Soon To A Major Brand Near You

Brands in all industries have been coming up with creative ways to grab a slice of the NFT pie. 

Coming Soon To A Major Brand Near You

Food brands like Campbell’s, McDonald’s, and Taco Bell, and fashion brands including Gucci, Nike, and Louis Vuitton are leading the charge by releasing limited-edition NFT collectibles as a way to build brand loyalty, boost social media engagement, generate new revenue streams and raise money for charity. 

The price for the CryptoCrisp NFTs Trends started at 0.0013 ETH, or approximately $2, which is the price of a regular Pringles can. The NFTs are now available for prices starting at 4 ETH on OpenSea and Raible. 

For example, Pringles® has created CryptoCrisp, a limited-edition digital collection of crypto-themed crisps with a “virtual flavor.” Limited to just 50 versions, the NFT is an MP4 file that shows an animated spinning golden Pringles can with the “CryptoCrisp” flavor.

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