What to Expect in 2022: WEB 3.0, NFT, GAMEFI Insights

Huobi Ventures, the global investment arm of the blockchain company Huobi Group, has released its Annual Summary and Outlook Report. Key highlights from the report include:

In 2022, the focus is on the decentralized nature and underlying blockchain infrastructure. This technology can address common issues related to Web 2.0, such as value distribution, privacy, bandwidth, storage processing, and authorization. The report suggests that next-generation internet technology, based on blockchain infrastructure, can overcome existing limitations and open up new possibilities over the next 5-10 years.

The report highlights the changing value of NFTs in 2022, shifting from simple encryption and art collection to proof of ownership and membership in the emerging Web 3.0 economy. NFTs are expected to play a critical role as social tokens in the realms of Web 3.0 and GameFi. However, challenges such as low liquidity and narrow trading pools are still hindering their growth. NFTs are anticipated to solidify their position as the main gateway to the Web 3.0 world, especially as GameFi transforms traditional games by introducing concepts like ownership, interoperability, and play-to-win.

Despite fluctuations in the global macro economy, the fundamentals of cryptocurrencies are reported to be stronger than ever. More institutions are allocating a portion of their portfolios to Bitcoin, driven by concerns about inflation and low investor sentiment for other asset classes. The report suggests that these factors, along with evolving government regulations and policies worldwide, set the stage for long-term growth in the cryptocurrency industry.

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