2022 was quite the year for crypto. It saw incredible innovation and greater adoption. This progress was accompanied by some major growing pains, including major hacks and scams amid an overall bear market. The unexpected developments that took place towards the year’s end, such as a trend towards the removal of creator royalties and FTX’s collapse, will reshape the space in the year to come, requiring users and projects to adapt to a changing landscape. Considering all that the space has lived through in 2022, here are the biggest predictions for crypto in 2023.
NFT adoption is likely to continue with a focus on tech standards and utility
NFTs could become more widely adopted as technological standards and as utility-based primitives, leaving behind the highly speculative age of the PFP, collections of 10K or 1 of 1s.