2021 was an explosive year for the NFT market and there have been many life-changing stories written since then. In 2022, NFT is still a fertile ground for those who understand and keep up with the trend. In this article, I will help you understand more deeply about NFT and how to find opportunities in this field in 2022.
Let’s get started!
NFT Pandora – A powerful creature
The definition of NFT or Non-Fungible token has been presented by Techtipsnreview in many articles, to understand NFT and what makes them special, you can read the above articles. Techtipsnreview.net.
The first secrets revealed
Before learning about the Pandora NFT box in 2022, let’s take a look at the “secrets” that have been revealed in NFT Pandora – NFT Guide 2021 (the box is unlocked in March 2021).
Secrets revealed:
Create NFT and sell on the market: Only count OpenseaCurrently, there are more than 31 million NFTs listed on the exchange, a huge number showing the attractiveness of this market.
Buy low sell high: At the time of March 2021 when the article was published, the trading volume on OpenSea reached $148 million. This number grew strongly after that and peaked at nearly 5 billion dollars.
Games: Surely you all know the fever of the trend Play to Earn in 2021. Starting with the explosion of Axie Infinityon-chain gaming has become a phenomenon, and NFT is an integral part of that success.
Storage: Despite being a necessary infrastructure for NFT, Storage has not yet received the necessary attention. Most of the NFT projects are still hosted on centralized servers. The price of storage tokens will also fluctuate differently in 2021.
NFT x DeFi: NFT is becoming the trend of DeFi projects, projects starting from Uniswap V3 to Orca, Zapper, DexGuru,… all have their own NFTs and many ways to apply them with those NFTs.
The secrets in Pandora’s box 2021 have mostly brought sweet fruits for those who dare to explore and will this happen again in 2022?
NFT Pandora and achievements
Below I will present NFT’s achievements and names that have stormed the market in recent times.
Outstanding numbers
The trading volume of NFT works increased nearly tenfold from over $80 million at the peak in early 2021 to over $700 million in early 2022.
In addition to the transaction volume mentioned at the beginning of the article, other indexes of the currently leading NFT marketplace Opensea also have a remarkable increase from the number of NFTs sold, revenue, users,…
Featured Apps
Thanks to its properties, NFT is gradually being applied in many different fields. There are specially developed branches that have created major trends in the market, from which many unicorns have been born. Typical can be mentioned Axie Infinity, the project that started the play to earn trend, Axie’s capitalization reached $ 1 billion on July 22, 2021 and sometimes peaked at more than $ 10 billion.
In addition to being used as in-game items, NFTs are also used in many different fields such as metaversemusic, video, real estate sales,…
Expansion across multiple ecosystems
Unlike before, the current NFT is not only focused on the Ethereum playground. The birth of many different ecosystems has created many different environments for NFT development. Although most of the value is still on Ethereum, other ecosystems are also gradually finding a difference to develop their NFT array.
Not just NFT
NFT is gradually being integrated with many projects in different ways. Currently, DeFi projects are tending to apply NFT to their products, typically, instead of airdropping tokens, projects airdrop NFT and require users to use that NFT to interact with the project, for future rewards.
Top collectibles (NFTs collectibles) such as airdrops for their NFT holders, each project has a different way of airdropping:
- Bored Ape Yacht Club airdrop APE tokens to holders and aim to become one KNIFE.
- Azuki airdrops NFT to holders and most likely that NFT will be closely related to the next collection from the development team.
Unlock the Pandora 2022 NFT box – Where are the investment opportunities with NFT 2022?
NFT is the gateway to attract new users to Crypto and it is a market with huge profit potential. Below I will summarize the ways to play in accordance with the trend of 2022.
Retroactive
“Things that can be tokenized will be tokenized.”
Retroactive hunting in the NFT array is currently, I think, quite suitable, especially in the context of more and more projects being developed around the NFT array. Among them are many projects that have issued tokens and airdrops for users such as LooksRare, Bored Ape Yacht Club,…
Suitable branches for retroactive hunting include:
The top collectibles
- Currently, collectibles tend to airdrop to users who own their NFT and it is likely that this will continue in the near future.
- However, not every project will airdrop to holders and not every project will airdrop successfully. To increase your chances of receiving valuable airdrops, you should choose top NFT projects with strong communities.
- The disadvantage of this way of playing is the high cost of participation at the present time.
Projects related to NFT
Currently, there are many development projects around NFT such as NFT marketplace, NFT fragmentation,… You should experience these projects to have a chance to receive retroactive in the future.
Still keeping the hunting slogan shared in the article about retroactive hunting tips to be “No tokens, products, check discord”. To get the token airdrop, you must find the project that has not launched the token yet.
Some potential projects include: Opensea, Foundation, Mirror.xyz, Gem.xyz, Sound.xyz, Glass.xyz, Fractional.
Potential arrays
You can buy high value collectibles on Ethereum, but you can’t play games on it. As shown above, currently the NFT picture is not limited only to the above Ethereum Ecosystem again. There are many different ecosystems and each is gradually finding its potential branch. You can monitor ecosystems and find suitable investment opportunities in the NFT segment.
Example: Following the Solana system recently, I see that the gaming segment is receiving a lot of attention and there is a lot of information about the upcoming top tier games in the ecosystem. Overlooking the other ecosystem, Binance also just announced a partnership with SM Entertainment and the possibility of more NFT x Idol related applications in the future.
Master the tools
With the growth of the NFT array, more and more tools are available to help users analyze and reinforce their investment decisions.
Some tools that I find very useful in NFT investment can be mentioned as:
- Nansen: This is one of the tools that I use the most in NFT investing. Nansen has utilities such as analysis, statistics and data updates in an intuitive way, helping users get more information in their investment decisions.
- NFTGo: NFTGo is an overview dashboard of the NFT market. You can see the NFT rankings, related activities and which NFTs are bought the most by whales.
- Context: Context helps to summarize transactions on many NFT marketplaces, helping you to know which NFT is bought at what price, at which exchange. Besides, you can also monitor the wallet to know user activity related to NFT.
Old but gold
And of course, don’t forget the basic forms of profit related to NFT such as creating NFT works and then selling or buying low and selling high. Although the market has now passed a hot development stage, if we know how to do it right, we can still make a profit.
NFT Investment: NFT Pandora 2022 and the oracle
Going beyond “NFT is a bubble” thinking, NFT has proven its worth and has brought many new values that we have never seen in the market. The next few scenarios that I think might happen to NFT include:
In short term
Complete and explode
Good ecosystems will find the right development branch for NFT, helping to create exceptional value to attract new users to their platform.
- The most valuable collectibles will continue to reside on Ethereum.
- NFT gaming will flourish on Solana and Binance Smart Chain.
- NFTs related to the entertainment industry will develop on the Binance and Terra platforms.
- NFT on ecosystems like Avalanche, Near,… is also very potential.
Development of NFT applications
GamFi, Metaverse, SocialFi, DeFi,… NFT can be integrated in many branches of Crypto, they will gradually become an indispensable piece when participating in ecosystems.
- NFT will be your identity when joining Crypto.
- In the past major trends: gaming needs NFT, Metaverse needs NFT, SocialFi (typically StepN) also needs NFT. What’s next?
Long term
Storage
Storage is essentially the shovel in the NFT gold rush. However, decentralized storage solutions (Decentralized Storage) is currently not keeping up with the growth of the market and most NFT projects still choose to host on centralized servers.
It is highly likely that this will continue in the short term, but in the long term as decentralization is promoted, we will see this segment receive more attention.
Interoperable NFT
Similar to DeFi with cross-chain, NFTs also need to be rotated between PROJECTS. Imagine you can hold items in SandBox and use them in Decentraland,… this will be a prosperous future for NFT when platforms grow strong enough to cater for this.
NFT and life
NFT is gradually coming into life and becoming more widely accepted, the market for NFT will not only be confined to Crypto but will also spread to many external fields.
Epilogue
The above is a summary of the knowledge that I have learned in the past time, hoping to help you in investing in NFT in 2022.
NFT has great potential and I believe this market will continue to grow strongly in the future.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Crypto investment is a very risky type of investment and you should only participate with the amount of capital you can lose.
Source: NFT Pandora 2022 – NFT Investment Guide 2022
– TechtipsnReview
