- The metaverse has been around for a while now but it was really kicked into the public consciousness in the latter months of 2022
- Many countries have been more embracing of crypto, like Australia. But even Australia I are about to impose new rules for crypto exchanges and users
- Web 3 will see big corporations like Google abandoned and in its place a system where the everyday user has more free agency
The latter half of 2021 seemed to set up some intriguing possibilities for the future on technology and cryptocurrency.
So, what does 2022 hold for this diverse and expanding space?
The Year of The Metaverse and Blockchain Gaming
This seems to be the biggest predicted trend for 2022. The metaverse has been around for a while now but it was really kicked into the public consciousness in the latter months of 2022 when Meta CEO, Mark Zuckerberg, announced his own metaverse to the world.
This movement towards the metaverse is still only in its infancy and will only continue to get better as the year goes on.
Additionally, crypto gaming gained popularity last year with the explosion of blockchain NFT games like Axie Infinity. Surely a big studio like Rockstar Games must be looking to get into this space. It seems like we’re only a game away from this space truly blowing up.
When something like crypto comes along and experiences mass adoption, you can expect the government to try and get involved. Especially if that something is a threat to the established financial system.
It’s a strange thing that with crypto the guiding principle rejects any outside interference and yet governments all over the world are clamouring to get involved with rules and regulations.
There are many examples of this happening but the most famous case is China, where the authorities implemented an absolute ban on all cryptocurrencies throughout last year.
Other countries have been more embracing of crypto, like Australia. But even Australia I are about to impose new rules for crypto exchanges and users.
As the space becomes more widely adopted, expect jurisdictions across the world to catch up with legislation governing it.
The Emergence of Web 3.0
The new version of the internet is currently being ushered in and represents a more interactive and democratic space for all.
Web 3.0 will supposedly see users get rewarded for their contribution of building communities and even posting messages.
In theory, Web 3.0 will see big corporations like Google abandoned and in its place a system where the everyday user has more free agency.
Greater Institutional Investment
As crypto has expanded, so too has confidence in it as an asset class. This has resulted in a greater number of corporations diversifying their portfolio to include cryptocurrency.
With growing regulations from governments who claim to be open to the crypto revolution, the level of institutional investment will only continue to grow in the coming year.
Hold On Tight!
2022 is going to be more action packed for the crypto space than any other year. Innovation in the space is red hot right now and it will be very interesting to see exactly what it will look like this time next year. Strap in and hold on tight!