The internet makes our lives simpler and brings us closer than ever before.
We had no idea how big the internet would become when it was created.
Our addictive curiosity drives us today.
Although we don’t know where blockchain will take us, we are excited to see it. I believe web 3.0 will be just as revolutionary for us in ten years as the internet was for our generation.
Blockchain technologies that are distributed over the internet promise a bright future. This could transform our perception of cyberspace.
Blockchain has just begun to grow but there has been much discussion about the future.
Although there are many opinions on the subject, most people agree that cryptocurrency and blockchain technology will be a key part of shaping our digital future.
This blog article examines future predictions for Web 3, blockchain, and NFTs.
Highlights from Web 3 and NFT Prediction by Chris Cantino
Let’s begin with Chris Cantino who is an entrepreneur and Partner at Color Capital. He is an investor in crypto, commerce, and consumer markets.
Chris stated that new money in the NFT ecosystem will boost market capital.
-With NFT adaptations, gas prices are expected to drop along with ETH 2.0 developments.
Blue Chips is a well-recognized, established company in the NFT industry.
Half of the top 10 non-fungible token projects in the world will see their values drop as more players enter the market. This will cause a split in the attention economy. However, the top 10 non-fungible token projects will see their value decrease over time.
Blue Chips, a stable and established company, is well-recognized.
-Decentralized networks are easy to access and developers have the tools for ETH(ETH) which will allow projects like MATIC, TEZOS, ATOM, and IMX to flourish.
Following Ethereum 2.0, price fluctuations are possible. (ETH 2.0 is an upgrade of Ethereum. It transforms Ethereum from a proof-of-work mining system to a proof-of-stake staking model. This upgrade will increase security and scalability. Prices will also stabilize.
Ethereum 2.0. This upgrade will change Ethereum from a proof-of-work mining system to a Proof of stake staking model. It improves security and scalability.
The blockchain infrastructure will evolve towards modularity. Layer 1 & Layer 2 (a term to describe solutions that allow you to scale your application by processing transactions beyond the main Ethereum blockchain). It’s not easy to see the future.
Layer 1 – A Layer 1 (or L1) blockchain is a protocol to ensure the integrity of blocks within a Blockchain. This includes Bitcoin, Litecoin, and Ethereum.
Layer 2: A layer allows for scaling through transactions off-chain while still leveraging the strong security model.
As early adopters of new technologies learn to use them, the lines between DeFis and NFTs will blur. By 2022, DEXs/CEXs will behave more like social networking sites.
CEX is an online trading platform that uses its infrastructure to handle user accounts and transactions. Binance, Huobi, and Coinbase are all built on a central system controlled by the company that owns it.
DEX: DEX transactions are not subject to a central authority. Instead, the entire DEX system is managed through a series of smart contracts.
Public companies will need to move. They will either buy communities (Nike + RTFKT) or create their worlds using Meta. Netflix may investigate NFTs. Visa could purchase a wallet application.
The web3 developer market is expected to grow faster than the talent pool. This will result in higher salaries and flexible work environments, as well as more competitive wages.
Highlights from Web 3 and NFT Predictions by Nigel Eccles
Continue with Nigel Eccles CEO and co-founder of VAULT.
Web3 Mobile could soon be a reality.
Web3 might not be able to grow its adoption without mobile applications.
Venture capital funds invested $ 30 billion in the crypto market in 2021. This is more than ever before.
Due to a large amount of capital raised this year, 2022 is going to see more venture capital entering cryptocurrency and bitcoin. There will also be much discussion about the role of venture capitalists in the crypto world.
-Social media cannot be decentralized. There are inefficient and slow interfaces, as well as no community.
NFTs are available to consumers to increase their utility. NFTs may be used to claim assets or provide tickets to events.
– OpenSea is currently the dominant non-fungible token marketplace. However, it will take one year for subcategories to move to dedicated markets.
This is what happened with eBay for over 20 years. OpenSea could lose its dominance within a year.
Highlights Web 3 and NFT Predictions by Ian L
Ian is the third expert. He is a Co-Founder of Syndicate IDEO CoLab Ventures.
The New Web 3 projects combine DeFi, DAOs (Decentralized autonomous organizations), and NFTs. All of them will seamlessly interact.
Terra-based Cosmos chains such as Terra can be a great place for growing -DeFi apps.
Cosmos: Cosmos is the Internet of Blockchains. It is a project that seeks to establish an Internet of Blockchains.
Inter-Blockchain Communication is an open-source protocol for relaying messages between different blockchains. They are connected.
In 2022, Profile Tokens (Profile Tokens) and PFPs (Profile Pictures), will be more prominent.
DAOs will outperform protocols and NFTs by 2022. Defi has risen in 2020, and NFTs’ continued development through 2021 has created the conditions for DAOs (2.0) to thrive in 2022.
DAOs are a series of smart contracts that automate decision-making. Members who have DAO tokens (the organization’s cryptocurrency) can vote.
Web 2.0 and Web 3.0 technologies will continue to overlap as parts and layers in a product built using both types of technology.
Web 2.0 companies may try to be branded as 3.0 start-ups but their centralized business models and shareholder structures are too rigid to allow that to happen.
Highlights from DeFi and Web3 Predictions by Jai Bhavnani
The fourth analysis is from Jai Bhavnani founder, of Rari Capital DAO.
-DEX will start to specialize. Every DEX will choose its path and focus. Verticalization begins for DEX.
In 2022, a huge token-driven phenomenon is expected to emerge. Tokens can be used in group chats and other social media activities.
Web3 social applications continue to stumble in 2022. It is more difficult to succeed on the Blockchain.
2022 will be the last day of liquidity mining.
Liquidity Mining: Crypto owners lend their assets to decentralized trading platforms in return for rewards.
Take a bow
There will be a lot of changes over the next few decades, and we are excited to see how they all unfold.
It’s smart for companies to start looking at how they can get involved in this market. There are many possibilities, but also some risks.
Web3 Blockchain and DAOs are things I believe in.
Their potential is staggering–brilliant technologies that enable trustless, borderless collaboration on a scale we’ve never seen before.
It is only natural that they play a role in our future. We are just scratching the surface of how it could change us.
