Forbes: 10 decisions for Blockchain, Crypto Assets, DeFi and NFT in 2022

Last year, the cryptocurrency market surpassed $3 trillion for the first time, and by 2021 it was below $800 billion. DeFi now has $100 billion in Total TV Cost (TVL) in Ethereum alone. However, NFT is a surprise and others in the field like Metaverse and GameFi. Who can say that he has seen this improvement? It is very difficult to look to the future. But it would be nice for us to make a prediction for 2022 and see if those predictions are correct.

BTC value hits $100,000, increasing the breadth and depth of crypto commodities.

An increase in the value of money has led to an increase in the value of assets such as BTC. BTC is not only the oldest, most decentralized and well-known crypto asset, but also has a limited supply of 21 million compared to other crypto assets. Amid rising admissions and demand, the value of BTC is expected to reach over $100,000 this year.

The entire cryptocurrency market will continue to grow. The US currency value of the top 20 cryptocurrencies listed on CoinMarketCap by market cap has increased by triple digits since the start of 2021. In particular, the diversity of cryptocurrencies from other layer 1 blockchain protocols (Alt -L1) traded as capable ETH killers (e.g. Solana, Binance Smart Chain, Cardano, Polkadot, Avalanche) are among the top 20. Of course, investing in the cryptocurrency market is riskier than traditional investments, in partly because of the higher cost. However, comparing the cost performance of cryptocurrencies to well-known companies is fair. For example, the MSCI World Index was only 17% higher at the start of 2021, but the current gold price is negative. Additionally, for example, the increase in wallet space as measured by monthly users of the MetaMask wallet (currently 10 million monthly users) may indicate that demand for cryptocurrency capital will continue. DeFi offers high performance, loans and partnerships to achieve double interest rates, while banks in developed countries typically offer savings below 2%.

Ethereum has been updated and is still at the heart of smart contracts.

Ethereum is expected to complete its transition to the POS mechanism this summer. Financial companies on the TradFi site can also get into the staking industry. Thus, giveaway staking acts as one of the “hot rules” for the crypto asset market. This is because there is less risk of investing in this business than joining ETH. Here people can create their own staking infrastructure or choose a program like Coinbase or Blockdaemon. In terms of cost improvement, ETH, like other Alt-L1 tokens, also has great potential. Although the sharing of processes and mapped tokens on Ethereum-based DeFi and NFTs is declining, Ethereum still holds the largest volume.

More cryptocurrency investments.

ETP issuers, cryptocurrency exchanges, mining companies and financial companies are all willing to provide green products and services to their customers. So far, many cryptocurrency traders have been reluctant to invest in Bitcoin due to the high carbon content of Bitcoin mining. In general, consenting companies may be required to comply with ESG requirements.

However, some models may include weather gifts required for BTC-based products for cryptocurrency providers. For example, a recent study by the Frankfurt Academy Blockchain Center describes how donations from the European Emissions Trading System (ETS) can affect BTC trading and custody. In the original case, you needed $18 to help reduce your CO2 emissions. In the latter case, let's say you hold BTC for 1 year and need to buy $100 in credits. In 2022, the cost of CO2 emissions can be expected to increase.

Overall, the combined energy used to run the blockchain network is green. It's not just mining that pulled out of China after being hit. Mining companies have increasingly developed renewable energy sources, such as geothermal or solar, which gives them good value for money.

A Web3 infrastructure paving the way for the decentralization of the Internet

Web3 represents a new concept that uses blockchain technology to provide online architecture in a decentralized and autonomous way. The key is to reduce reliance on large “big tech” networks and IT providers, such as cloud or internet providers. Cloud or internet providers seem to be indistinguishable with the data they store, there is "complete failure" and can work incredibly different products and prices in a round oligopoly.

Web3, on the other hand, is based on the idea of ​​giving Internet users back control of their data and their processes. From decentralized data storage of blockchains like Arweave or Filecoin to decentralized wireless networks like the Helium network, tokenized platforms and projects all decided by the community, for everyone The new way of self-management -Web3 has many capabilities. Crypto tokens are particularly important in this context because they can provide robust support to help network users deliver the performance needed over the long term.

NFTs and blockchain games will be revenue.

Metaverse is a virtual platform where people can collaborate and exchange. Digital marketing like this would be difficult to achieve without NFTs and blockchain-based infrastructure. 2021 is a change for "GameFi" with the announcement of Axie Infinity and Ronin sidechains, a significant update, allowing 1 million players to join the world of Axie Infinity during August 2021. Especially in the Philippines, Axie Infinity developed by Skymavis has become a hit income for many.

Microsoft and Facebook have announced that they are building their own foundation for the digital world called "metaverses". It can be assumed that most of these Internet giants will create a middle ground and some closure, making the transfer of value to another digital market harder or difficult in the long run. This contrasts sharply with the concept of Web3, which focuses on people with clear rights and freedom of movement using blockchain technology.

Waiting for the dawn of a multi-channel world is always very exciting. This can support the new wave of adoption, especially NFTs and the blockchain-based gaming industry, which can be further enhanced by volatile exchange rates on crypto world prices. New businesses may see changes in their performance. Recognitions, such as market interactions, can be considered "metametric". What seems far away could become reality in 2022, especially in certain areas of the game.

The emergence of a multi-channel world

The debate over whether the intelligence-based blockchain ecosystem will take the lead in 2021 is slowly coming to an end. The general opinion is that we will live in a multi-chain world where multiple blockchains can communicate information and benefit from each other. As a result, we can see a drop in TVL and Ethereum TVL comparison across all blockchains. A year ago, the percentage was 90%. Today, it is only 62%. However, in 2022, BTC is expected to dominate blockchain and Ethereum Q2 spikes. Another improvement is sharding (zero-aware and optimistic sharding) or the second layer which will compete with the first layer of blockchains. It promises lower costs and faster exchanges while leveraging base layer security. Integrating the work of different blockchain ecosystems through bridges and interconnections also works. Similarly, efforts were made to create a Layer-0 network, a network of different blockchains that could communicate with each other through Polkadot and the Cosmos Inter-Blockchain Communication Protocol (IBC).

Interestingly and importantly, all of the solutions above are public solutions. A few years ago, the consortium blockchain infrastructure was expected to see applications in industry content (blockchain industry or blockchain license) and a lot of attention was paid to it, but she has less responsibility now. This usually affects platforms such as Hyperledger or R3 Corda, but of course there are also applications created by this process with restricted access. However, it was already confirmed that the public broadcaster won the game. This can be determined by parameters such as exchange rate, product volume, market capitalization (mapped assets) and production.

Improve legal awareness through rules and restrictions

By 2022, many countries will be required to announce comments on how they hold crypto assets. It would impose China-like sanctions and introduce restrictions, or use a crypto-friendly approach like El Salvador, which would use BTC as currency against the US dollar by September 2021. Management will review the feasibility of DeFi management in exchange with regulators in other areas, focusing on issues such as financial protection, KYC, taxation and financial stability. The Crypto Assets Market Act (MiCA) will also be launched soon, which will bring the consolidated legal framework to the EU level and give more legal authority to assistant providers and cryptocurrency members. In this regard, it can be said that Europe and North America are at the heart of a "crypto-friendly" approach. Regulatory regulations such as BTC and ETH are allowed, but only in accordance with the rules governing financial protection, KYC and taxation.

Euro Digital will also not be as big as Stablecoin

The digital euro can be used as a bank account significant However, the Euro Central Bank (ECB) should be found in a small country as Bahamas or Nigeria or Nigeria or Nigeria or Nigeria or Nigeria . As one of the main solutions, digital euro will maintain by first European banks this year and will be given to business and money. However, since the number of digital euros do not want to participate in the European CENTRAL Bank, the settings are essential. In the form of a fixed coins, digital eura also available for the trial in 2022. Endo dress should not appear as a large uniform stabilization firm freeze. The reason is that there is no call for stabilization, and the supplier must pay negative benefits to the European Central. On the other hand, due to the disruption of the city management, financial finances will make the coins and take care of strict rules. In these terms, American dollars stable coins increase. Therefore, this means "dollars" in the encrypted tool to continue.

Acceptance is welcomed by businesses and corporations

In recent years, businesses and corporations have expanded digital advantages. These include hedge funds, property managers and family offices, as well as pensioners or institutions such as Sparkasse or Raiffeisen-Volksbank. After above-average gains, lower troughs in the environment, additional application and growing demand, major banks such as JPMorgan and Goldman Sachs have begun to build more stock trading cryptocurrency investments. . Tech companies like Microstrategy and Tesla have millions of dollars in BTC to counter the revenue expansion that has led to inflation over the years.

In terms of mainstream adoption, Zuckerberg's Meta company has gone a step further and declares itself to be a future key player in the Metaverse. Mergers and acquisitions activity will continue to increase. For example, PayPal acquired Startup Curv (an IT security and surveillance technology platform for crypto-assets) and Coinbase acquired Secure Non-Security (important for storage technology and encryption).

DAO opens up new avenues for collaboration and business.

Decentralized Autonomous Organization (DAO) is a decentralized blockchain-based organization that is consolidated and governed by its members by voting using tokens according to pre-existing rules. This leads to expansion applications such as crowdfunding, social clubs, human resources or combination businesses. According to Consensys, the top 20 DAOs have $14 billion in vaults and are on the rise. Examples of DAOs include Syndicate, MakerDAO, ClimateDAO, and ConstitutionDAO, with many new DAOs coming in 2022. As you can imagine, DAO authoring tools allow anyone to create DAOs for any purpose. . The DAO will thrive if the query can clarify where the DAO is affected by existing rules and, if in doubt, which law to address.

Note: The metrics listed in the article are generally based on information obtained by the author at the time of writing. Further, this article should not be construed as investment information and does not constitute an offer to buy or sell any cryptocurrency asset. It is not financial information. As always, "Do your own research" (DYOR) can be used.