Future of Crypto 2022

While no one expects a repeat of 2018, the market may struggle to equal last year's remarkable gains. Despite this, there are still plenty of promising developments in the crypto industry to watch in the coming year.
1. DeFi to provide more financial inclusion and opportunity.
In 2021, decentralized finance, which allows financial goods without intermediaries like banks, proved to be viable. DeFi contracts are estimated to reach $41 billion in value by March of this year, as usage grows across the space. So 2022 could be a pivotal year for hundreds of new DeFi dApps.
DeFi is expanding because it gives consumers actual financial freedom and banks the unbanked. Millions of people can invest in it. Yield farming is a popular form of DeFi investing that encourages crypto holders to safeguard decentralized networks. Compound Finance Protocol is a popular DeFi program that lets users provide liquidity in several liquidity pools using an Ethereum wallet and earn rewards.
DeFi also allows for more complicated and possibly lucrative financial products. Consider Synthetix, which generates ERC-20 smart contracts that track and refund crypto assets without requiring token ownership. SynFutures allows you to create and trade Ethereum-based cross-chain and off-chain assets. A smart contract synthesizes the other asset in SynFutures using a Synthetic Automated Market Maker.
2. NFTs continue to capture the imagination.
Non-fungible tokens were in the news in 2021 after sales topped $20 billion. A single Beeple JPG sold for a record $69 million, and dozens of other Bored Ape Yacht Club and CryptoPunks NFTs sold for millions.
While the enthusiasm and exorbitant prices of NFTs may wane, they are undeniably here to stay. They have too many potential applications, from gaming to the arts, real estate, and asset tokenization. Artists and musicians, for example, can embed automated royalties into the resale of their creations. Sellers can reach millions of purchasers by employing NFTs to fractionalize property ownership.It means NFTs and the marketplaces that sell them have a bright future.
3. The year that shapes the Metaverse.
The Metaverse's participatory nature will ensure that it becomes a far bigger part of our culture and economy in 2022.
We are excited by the concept of the Metaverse, a digital domain where people interact with digital avatars. It will streamline connectivity and make each of our online interactions more realistic.
While Mark Zuckerberg has been a strong proponent of the Metaverse, it will not be dominated by Facebook (NASDAQ:FB). Rather, truly decentralized metaverses will captivate the masses. In worlds like The Sandbox and Decentraland, residents can purchase digital pieces of land with NFTs. In addition, DEA is developing a virtual culture based on its Play Mining platform where users can explore new worlds, combat and perform missions, collect in-game resources and sell them with others.
4. Web3 to grow more legs.
The convergence of DeFi, NFTs, and the Metaverse is bringing about a Web3 ecology, and all signals point to 2022 as the year it happens.
After the static Web1 that was best represented by Netscape and AOL, Web3 is the next phase of the internet. Then came Web2, much more engaging but controlled by Google (NASDAQ:GOOGL) and Facebook. Web3 promises a decentralized, permissionless internet where individuals own their data.
Play-to-earn gaming, where users may earn and exchange NFTs to make money from games, will be one of the key drivers of Web3. Axie Infinity, with over 2 million monthly active users, and Solana, with a $150 million Web3 gaming fund, are proof that P2E gaming is already huge business.
5. DAOs to collaborate for the good of their communities.
As a result of their rapid growth as community-led organizational structures for a number of purposes, including investing, fundraising, administering tokenized assets and transparent governance.
DAOs are a new option for crypto companies to go public and give an alternative to standard board structures. Uniswap and MakerDAO are two prominent DeFi apps managed by DAOs, which enable treasury administration and protocol development via blockchain-based smart contracts.
Invest in some of the most popular DAOs. Take BitDAO, which, according to its website, invests in DeFi initiatives and has over $3 billion in assets. Other groups formed to buy Pplpleasr's Uniswap V3 NFT include PleasrDAO. With the help of some of its high-value NFTs, it secured a $3.5 million loan in June.
How you see crypto in 2022? Let us know in the comment box below. Please like this video and subscribe to this channel for our future updates. Thank you.