The Future Of NFT (Art, Photography,Music, Games, Market): Trends You Should Check-In 2022

NFT stands for Non-Fungible Token. It is a digital asset and what makes it unique from stock photos is the token associated with the asset. This combination of asset and token makes it non-fungible and guaranteed by blockchain technology. You may compare it to original artwork or maybe an autographed print copy or digital trading cards. The Future Of NFT (Art, Photography, Music, Games, Market): Trends You Should Check-In 2022
Cryptocurrencies are the most widespread use case of blockchain technology and present incredible investing opportunities to individuals around the globe.

Top NFT blockchains for 2022

Ethereum

Ethereum is undeniably the king of NFTs as we are writing these lines. More than 90% of all digital assets have been created as ERC-721 tokens on the Ethereum network, including some of the most popular ones like Axie Infinity and CryptoPunks.

Ethereum is set to switch to a proof-of-stake consensus model in 2022. This should allow for better scaling of the network, which will increase the speed of transactions while simultaneously reducing their cost.

Solana

Solana is a rising star in the crypto ecosystem and is considered to be one of the fastest blockchains available. With more than 1000 transactions per second, it provides a robust infrastructure for the minting and storing NFTs in an eco-friendly and cost-efficient way.

Polygon

Polygon (previously Matic network) is a Layer 2 solution for Ethereum, that allows building faster and scalable solutions using autonomous smart contracts. The main advantage of this blockchain is its compatibility with the Ethereum virtual machine as well as very low gas fees.

Polygon is already been used for the creation of various NFTs, which can be accessed on the OpenSea marketplace by selecting the appropriate blockchain.

Cardano

Cardano is another Layer 1 solution that has slowly crept up in the top 5 cryptocurrencies on the market since its 2017 release. Unlike other blockchains on our list, Cardano doesn’t have a whitepaper. Instead, it was peer-reviewed by some of the best experts in the blockchain industry.

Tezos

Tezos is one of the first functional smart contract proof-of-stake blockchains, providing a stable and scalable network since early 2018. Thanks to the low transaction fees and high speeds it provides, Tezos is gaining traction in the NFT ecosystem.

Binance Smart Chain

The Binance Smart Chain (BSC) is not to be confused with the Binance Chain which is used for the Binance decentralized exchange. Released in September 2020, the BSC provides a smart contract capable platform that runs with the help of the BNB token, an established cryptocurrency in the crypto markets.

Wrapping up

NFTs are an important niche in the cryptocurrency market. They provide extra exposure to cryptocurrencies for users that might have never been in contact with these assets otherwise. Because they are so closely linked to digital art and gaming, they contribute actively towards the mass adoption of blockchain technology

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Summing up Boxfyn NFT journey, Abheer says, “We just delivered NFT development for one of the world’s popular fantasy games. I have no hesitation in accepting that NFT products will be the most profitable case studies of blockchain technology. We are going full throttle with our NFT services portfolio and have our priorities aligned for the next quarters.”
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