What To Expect From NFTs In 2022

This year has been a truly amazing one for the crypto world especially the NFT community as many people made lots of money off it this year. An innovation that has been around pretty much longer than most people thought but only managed to catch the entire crypto space attention this year. These Non fungible tokens are usually limited in quantity and unique as this is a strategy by the creators to increase its market value as well as scarcity. Unlike their twin; Fungible tokens they can't be broken into units to be resold but must be sold as an entire unit and may take any form the creator wishes. Infact some of them grant owners exclusive club membership like and many other benefits.

One could acredit the fame it is getting especially among artist and celebrities to the fact that NFTs are even safer form of arts as they can't be recreated or stolen. They are created and stored on the blockchain and thus help eliminatecopyright troubles that most artists and art creators suffer from. This year saw pieces sell for as high as $17million and it is certain that more NFTs will beat this record. These days more celebrities are creating NFT forms of their albums, movies, designs and other different art forms as NFTs and this might help increase awareness and investment into not only NFTs but the crypto world at large. 2022 seems like an even more promising year for NFTs as the possibility of transferring not only art ownership but land ownership as NFTs are looking quite feasible.

This is just one if the many other trends and innovation NFTs will be bringing to the table. A huge trend to look forward to is the Crypto Metaverse as NFTs will be an important tool in bringing it to completion as well as perfection. Just like in the movie "Ready player one" NFT pieces will make the Metaverse experience more fun and profitable since NFTs can be sold or exchanged between users. This year alone Metaverse lands have recorded over billion dollar sales within months of announcement and with more adoption in the world the prices might just double come 2022.

And even if NFTs don't perform as high as we might expect I believe NFTs are here to change the way we see different aspects of our everyday lives. For example many online academies are starting to issue certificates as NFTs and this would change the way cryptocurrencies are viewed as a whole. This means owners won'tt have to worry about water spilling or their certificate getting eaten by their pets since they are stored permanently on the blockchain never to be erased.

This proves beyond doubt that they are more than just a phase but a part of cryptocurrency that will continue to shape and revolutionize not just the crypto space but the entire world and I believe that 2022 promises to be an even bigger year for NFTs.