In the past 2 years we have seen different waves of crypto and blockchain growth. There have been varying stages that brought new users into the market.
In 2020 we had Defi summer and we saw the growth and explosion of decentralized finance. Defi projects grew to crazy bounds and that attracted a lot of new people to the crypto market. Then we saw the NFTs book earlier this year. The love of Art and the earning potential that NFTs brought was absolutely crazy to a lot of people and that also attracted a lot of new people to the market. I believe that next year we will in fact witness another wave of growth.
The next wave of crypto expansion I believe we will see really kicking off next year will be the Metaverse. I believe we have already begun to see a prelude to what's to come for that industry. We have seen projects like Axie Infinity, Decentraland, Sandbox and the likes. According to Grayscale, one of the biggest Digital investment firms, the Metaverse could grow to become a trillion dollar per year industry. Facebook's name change to Meta and their continued investment in the space is one that is adding the allure of the Metaverse.
I am currently invested in a couple of sub 300 million market cap Metaverse projects and I'm always on the look out for more to get into. I believe the industry is still early and getting in right now is like getting into Defi in its early days before things skyrocketed. Growth wise I think next year will be a tremendous one for real and solid Metaverse projects to boom. As always in the face of real growth, there will be many projects which have no usecase and are just cash grabs for their founders. So do be careful as you go in the hunt for the next Metaverse gem.
You make the most money in crypto by either being early to something, or betting really big on it. And I think there's a chance we're still early to the Metaverse sector. Everyone should take advantage of that.