This time last year, Clubhouse rooms were thriving, artists were learning about the new tech called NFTs that flooded their Twitter timelines, and nobody was prepared or could have predicted what would follow next.
Over the past 12 months, the space has endured parabolic growth, and it has been more than anyone could have imagined. From 1/1 auctions on Foundation to the PFP collection craze, and now more sophisticated NFTs that draw on utility for the collectors, NFTs have developed significantly across the board.
NFTs have taken over the tech world, so much so that it was crowned word of the year by The Collins Dictionary, further suggesting it is a presence that cannot be ignored.
Despite the stigma and skepticism expressed by many, it has succeeded in capturing the attention of mainstream brands and businesses, all of whom are investing to try and understand more about how the space works and how they can be involved.
From an Adidas partnership with the BAYC, a Pepsi NFT, to Nike acquiring RTFKT studios, corporate experimentation has slowly evolved to conviction, demonstrating that NFTs are not simply just a bubble.
To illustrate further, celebrities have joined the action with many prominent names investing in NFT projects such as Jimmy Fallon, Steph Curry, DJ Khaled, Paris Hilton, and Post Malone to name a few.
There has been a fair share of controversy, drama, and FUD, but equally, there have been serious signs of potential, positivity, and kindness, all of which are helping to shape the space every day.
But what is in store for the year ahead? In this article, we discuss some ideas and thoughts about NFTs in 2022!