The year 2022 was marked by turbulence in the NFTs markets. The Web3 space experienced a chaotic period with declining asset values and overall craziness. However, despite the challenges, NFTs remain a promising industry disruptor.
Overview
Chainers is a unique NFT game. It allows players to build and shape a virtual universe powered by blockchain technology on the Polygon network. It’s a free-to-play game that gives players the ability to influence the world based on their choices and actions. This high level of interactivity and player agency sets this game apart from other NFT projects in the market.
As we start a new year, people are already excitedly anticipating the latest trends inside the NFT world. Artists and creatives are speculating about what the future holds for this burgeoning market in the upcoming months. Groundbreaking developments occur frequently in the NFT space.
But certain major themes are likely to shape the impact of digital art. These themes will have a significant influence on the direction the industry takes.
1. Popularity of AI-Generated Art
Whether you are a fan or not, it seems that AI is the next step in the revolutionary technology. This also includes the world of NFTs. Although some may have moral objections to robots creating art (albeit, jokingly), AI is becoming more prevalent in art creation.
Many artists are embracing AI in their collections, although there is still resistance against the idea. There are even platforms that are exclusively for 100% AI NFTs. This year, we can expect creators to push the boundaries and explore the full potential of combining human creativity with AI.
2. Regulated Marketplaces
The trend of regulated marketplaces for NFTs is already gaining momentum, with China leading the charge in making a regulated state-run platform. With the advance and expand of NFT tech, governing bodies will likely want to become involved in the space.
However, this involvement is sure to spark heated debates, particularly given the significance of decentralization. While regulation may be a possibility, the financial opportunities presented by NFTs are too significant to ignore. The looming prospect of regulation will undoubtedly remain a point of discussion in the NFT space.
While China is currently the only big player with a state-run NFT marketplace, other nations are not far behind. We have yet to see the success of China’s regulation. But China will serve as a valuable example for other nations considering similar initiatives.
As the NFT market continues to grow and gain traction worldwide, we can expect more countries to explore the potential benefits of state-run NFT marketplaces.
3. Rise in the Numbers of Women Founders
During the early stages of NFT, men dominated the space. However, this trend is changing due to the emergence of women-led initiatives that are blazing a trail for others. One notable example is Betty, the Horde Mother, Founder, and CEO of Deadfellaz. She is paving the way for other like-minded people. She is also advocating for more women to take part in the space.
The contributions of women in the NFT space are becoming increasingly significant, and we can expect to see more initiatives led by women in the future. With the growing success of initiatives like this, we can expect to see an increase in the NFT projects created by women in the future. Embracing this diversity is crucial for the growth and success of the NFT space.
More women in the NFT space means a more equal and genuinely decentralized environment, and other positive results. Overall, a more diverse NFT community benefits everyone involved and helps to propel the industry forward.
4. NFTs in the Gaming Industry
Aleksander Larsen is one of the lead executives behind the groundbreaking play-to-earn game named Axie Infinity. He told Cointelegraph that he anticipates big technological companies entering the intersection of NFT and gaming space.
This sentiment is not limited to executives of popular P2E games, many popular personalities also foresee a significant surge in the intersection of NFTs and gaming. As a result, this trend is poised to be a significant force in the world of digital collectibles in 2023. NFTs offer a crucial benefit in gaming by allowing players to have real ownership of their in-game assets.
Previously, game developers held the power over virtual items, leaving players vulnerable to losing their valuable assets or seeing their worth diminish if the game was terminated or modified. NFTs grant players true ownership of their assets, even if the game they were obtained in is no longer operational.
Remember These are Predictions
The early stages of NFTs have been marked by a chaotic and ever-changing landscape, where significant shifts occur at a moment’s notice. Keeping up with rapidly evolving trends requires a considerable amount of mental energy and investment.
However, several indicators can cause experts to make informed predictions about NFTs. Ultimately, it will be the creators who bring their unique visions to life and shape the direction of the space. So, let’s explore what lies ahead for artists who create their art with NFTs, creators, and innovators in the coming year.
