• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Articles
  • News
  • Events
  • Advertize
  • Jobs
  • Courses
  • Contact
  • (0)
  • LoginRegister
    • Facebook
    • LinkedIn
    • RSS
      Articles
      News
      Events
      Job Posts
    • Twitter
Datafloq

Datafloq

Data and Technology Insights

  • Categories
    • Big Data
    • Blockchain
    • Cloud
    • Internet Of Things
    • Metaverse
    • Robotics
    • Cybersecurity
    • Startups
    • Strategy
    • Technical
  • Big Data
  • Blockchain
  • Cloud
  • Metaverse
  • Internet Of Things
  • Robotics
  • Cybersecurity
  • Startups
  • Strategy
  • Technical

5 Blockchain Technology Trends to Follow in 2022

Nikola Sekulic / 5 min read.
March 3, 2022
Datafloq AI Score
×

Datafloq AI Score: 82.67

Datafloq enables anyone to contribute articles, but we value high-quality content. This means that we do not accept SEO link building content, spammy articles, clickbait, articles written by bots and especially not misinformation. Therefore, we have developed an AI, built using multiple built open-source and proprietary tools to instantly define whether an article is written by a human or a bot and determine the level of bias, objectivity, whether it is fact-based or not, sentiment and overall quality.

Articles published on Datafloq need to have a minimum AI score of 60% and we provide this graph to give more detailed information on how we rate this article. Please note that this is a work in progress and if you have any suggestions, feel free to contact us.

floq.to/KCYfP

Blockchain technology has been revolutionizing businesses and entire industries for over a decade. Given the vast number of use cases for the blockchain and the fact that it is being widely adopted in the private, civic, and governmental sectors nowadays, it’s important that we stay on top of the latest trends in the sector.

For one, it’s important to keep in mind that the blockchain is evolving rapidly, and understanding the latest trends can help investors invest in new ICOs and innovative solutions and products. In the government and civic sectors, on the other hand, the blockchain opens numerous doors for cryptocurrency development and trade, and a completely new digital experience.

Let’s talk about this in more depth and take a closer look at the blockchain trends you should follow this year.

Investing in NFTs will continue to soar

In 2021, NFTs (non-fungible tokens) experienced a boom in popularity and market value. As a unique digital token on the blockchain, an NFT can amass a lot of value very quickly. There are many factors that feed the value of an NFT, but the fact that it cannot be reproduced and that every NFT is one of a kind is one of the key price drivers. Probably the most popular and most expensive NFT ever sold is Beeple’s EVERYDAYS: THE FIRST 5000 DAYS, which sold for $69.3 million in January 2021.

Ever since NFTs entered the digital marketplace in 2021 in such a big way, people and investors have been looking for different ways to invest in NFTs and monetize their tokens as much as possible. In 2022 and beyond, we are going to see a massive diversification in NFT investments, though, ranging from NFT games (more on that in a bit) all the way to NFT collectibles, funds, designer products, stocks, and fine-art pieces.

Bitcoin as an inflation-resistant asset

Taking a break from NFTs for a moment, let’s talk about cryptocurrencies and specifically Bitcoin as a safe financial asset. You probably never heard the words safe and Bitcoin in the same sentence before, which shouldn’t be a surprise given that Bitcoin is typically labeled a volatile asset class. However, there are certain benefits to investing in Bitcoin that go beyond the high-risk-high-reward concept.

For one, the current Bitcoin prognosis tells us that in 2022 this cryptocurrency might become a safe investment for those looking to protect their assets against inflation. We can thank the COVID-19 crisis for weakening the global economy and driving inflation up in the last couple of years, making it imperative to invest in assets that are immune to inflation.

As a digital currency, Bitcoin is one such asset.

The rise of pay-to-earn NFT games

Circling back to NFTs, there’s no denying that there are many ways to invest in, create, and monetize a non-fungible token. One of the most popular emerging NFT trends right now are NFT games and play-to-earn models in the blockchain space. Essentially, an NFT game is another way to sell your NFT to a collector playing the game, or to collect NFTs through a play-to-earn system.


Interested in what the future will bring? Download our 2023 Technology Trends eBook for free.

Consent

There are many popular NFT games out there, including Axie Infinity and CryptoKitties, all revolving around a monetization model using in-game NFTs for trading. For example, when you level up a character in a game or collect numerous in-game NFTs, you’re able to sell those NFT assets to another player or a collector for cryptocurrency, which you can then exchange for fiat money.

Alternatively, you can use your crypto earnings to invest in other cryptocurrencies or in-game NFTs. The concept is new for many, but there is no denying that NFT games will become a powerful monetization strategy for NFT collectors and traders in 2022.

Pushing towards Eco-friendly blockchains

Blockchains and the whole concept around mining cryptocurrencies have been in the public spotlight for years now, and not in a positive one when it comes to energy consumption, environmental impact, and the availability of raw materials. We can’t deny that for all the benefits it brings, the blockchain is consuming vast amounts of energy, which has pushed some leaders in the industry, like Ethereum, to start investing in Eco-friendly solutions.

Carbon offsetting, although frequently mentioned as an Eco-friendly example, is more a temporary remedy than a solution. A more long-term solution might be investing in the less energy-demanding blockchain networks. By adopting a proof-of-stake model instead of retaining the proof-of-work model, blockchains can reduce energy consumption and the time it takes to approve transactions.

Blockchain technology and the metaverse

In case you’re unsure, you can think of the metaverse as a network of virtual applications we use to achieve social connection and interaction. From PokemonGo to Roblox, Facebook‘s Meta and beyond, companies around the world are creating immersive 3D virtual experiences where we can connect with others and live a virtual life.

Needless to say, there’s no better place to build a safe, sprawling metaverse than on blockchain technology. Because of its decentralized nature, the blockchain is able to grant safe and seamless access to the metaverse, free of cybersecurity and fraud risks, or poor user authentication.

But aside from privacy and security, the blockchain also connects the metaverse to the crypto economy, making it ideal for companies to invest in in 2022 and the years to come.

Wrapping up

The blockchain is a revolutionary technology that can bring innovation to every industry in the world and transform the modern way of life. Whether you’re an investor, a business leader looking to branch out into the blockchain sphere, or an enthusiast looking for the new big thing, you need to follow the latest trends. In 2022 and beyond, we can expect these trends to turn into lucrative investment opportunities in the business, government, and private sectors.

Categories: Strategy
Tags: Bitcoin, blockchain, Metaverse, NFT, trends
Credit: Photo by Morthy Jameson on Unsplash

About Nikola Sekulic

Hi there, I'm a seasoned brand developer, a writer, and a storyteller. Over the last decade, I've worked on various marketing, branding and copywriting projects '' crafting plans and strategies, writing creative online and offline content, and making ideas happen. When I'm not working for clients around the world, I'm exploring new topics and developing fresh ideas to turn into engaging stories for the online community.

Primary Sidebar

E-mail Newsletter

Sign up to receive email updates daily and to hear what's going on with us!

Publish
AN Article
Submit
a press release
List
AN Event
Create
A Job Post
Host your website with Managed WordPress for $1.00/mo with GoDaddy!

Related Articles

The Advantages of IT Staff Augmentation Over Traditional Hiring

May 4, 2023 By Mukesh Ram

The State of Digital Asset Management in 2023

May 3, 2023 By pimcoremkt

Test Data Management – Implementation Challenges and Tools Available

May 1, 2023 By yash.mehta262

Related Jobs

  • Software Engineer | South Yorkshire, GB - February 07, 2023
  • Software Engineer with C# .net Investment House | London, GB - February 07, 2023
  • Senior Java Developer | London, GB - February 07, 2023
  • Software Engineer – Growing Digital Media Company | London, GB - February 07, 2023
  • LBG Returners – Senior Data Analyst | Chester Moor, GB - February 07, 2023
More Jobs

Tags

AI Amazon analysis analytics app Apple application Artificial Intelligence BI Big Data business CEO China Cloud Companies company content costs court crypto customers Data digital future Google+ government industry information machine learning market mobile Musk news Other public research revenue sales security share social social media strategy technology twitter

Related Events

  • 6th Middle East Banking AI & Analytics Summit 2023 | Riyadh, Saudi Arabia - May 10, 2023
  • Data Science Salon NYC: AI & Machine Learning in Finance & Technology | The Theater Center - December 7, 2022
  • Big Data LDN 2023 | Olympia London - September 20, 2023
More events

Related Online Courses

  • Oracle Cloud Data Management Foundations Workshop
  • Data Science at Scale
  • Statistics with Python
More courses

Footer


Datafloq is the one-stop source for big data, blockchain and artificial intelligence. We offer information, insights and opportunities to drive innovation with emerging technologies.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Recent

  • 5 Reasons Why Modern Data Integration Gives You a Competitive Advantage
  • 5 Most Common Database Structures for Small Businesses
  • 6 Ways to Reduce IT Costs Through Observability
  • How is Big Data Analytics Used in Business? These 5 Use Cases Share Valuable Insights
  • How Realistic Are Self-Driving Cars?

Search

Tags

AI Amazon analysis analytics app Apple application Artificial Intelligence BI Big Data business CEO China Cloud Companies company content costs court crypto customers Data digital future Google+ government industry information machine learning market mobile Musk news Other public research revenue sales security share social social media strategy technology twitter

Copyright © 2023 Datafloq
HTML Sitemap| Privacy| Terms| Cookies

  • Facebook
  • Twitter
  • LinkedIn
  • WhatsApp

In order to optimize the website and to continuously improve Datafloq, we use cookies. For more information click here.

Dear visitor,
Thank you for visiting Datafloq. If you find our content interesting, please subscribe to our weekly newsletter:

Did you know that you can publish job posts for free on Datafloq? You can start immediately and find the best candidates for free! Click here to get started.

Not Now Subscribe

Thanks for visiting Datafloq
If you enjoyed our content on emerging technologies, why not subscribe to our weekly newsletter to receive the latest news straight into your mailbox?

Subscribe

No thanks

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.

Marketing cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.

Please enable Strictly Necessary Cookies first so that we can save your preferences!