The crypto-community continues to grow as more people are being exposed to it. In the past few months, DeFi was the trend in late 2020 and mid 2021 where most of DeFi tokens in Binance Smart Chain Ecosystem reached their all-time high such as $CAKE and $BAKE. The former almost hit the $44 mark where the latter reached $8.38. I was lucky to invest on the latter and got an unexpected profit.
Source: Coingecko
It was one of the best investments that I ever had when I bought $BAKE with $35 investment and had $250 profit. It should be $950 but I had paper hands and sold them earlier. I even buy back on top and now I am in loss, but I am still holding them.
Furthermore, the year 2021 met NFTs and became a trend until now. The number of people who invest in it is increasing. In fact, one NFT can be sold for millions for its ownership, traits, and rarity. It is amazing how people spend huge amount of money to own these kind of digital arts. It really amazed me and the concept of NFT as “ownership” digitally makes it unique and different.
Source: Cnet and Cryptopunks
On top of that, NFTs are being popular where even celebrities are starting to invest on it and buy their NFT for the ownership. Recently, Marshall Mathers also known as Eminem bought Bored Ape NFT for $462,000.
Source: Cryptopotato
In addition, the latest celebrity who also bought NFT is the popular celebrity and singer, Justin Bieber. He bought his NFT for $1.3 million or a total of 500 ETH as of January 30, 2022.
Source: Cryptopotato
I always heard negative comments about NFT from the people who doesn't like it and never understand it. But I believe that NFT will bring us towards the future as it is related to the #Metaverse where it is the trend right now.
What makes NFT special?
These digital arts are unique and different from each other depending on the traits that they have. The accessories and the look of each NFT makes them different and special. It means that the person who bought or mint NFT is considered as the owner of that art and has the rights if he will hold or sell it to gain a profit and contribute to the community.
In some cases, other NFTs have their utility where you can stake and earn passive income depending on their traits. If you are looking for NFTs that have utility, smartBCH offers this kind of investment.
The most popular NFT inside the smartBCH community is the Law Punks. These NFTs can be sold for more than 1 BCH depending on its rarity and power.
Source: BlockNg
Unlike other NFTs, you can stake your Law Punk NFT and earn while at stake. There are also different NFTs inside the smartBCH community that you can buy through oasis.cash.
#MyCryptoOutlook2022
Speaking of utility, other NFTs can also be used in gaming as their utility. This is how GameFi works. Since NFTs became a trend, the GameFi ecosystem started to get exposure and became popular. One of the popular NFT games is Axie Infinity. Since the game was discovered by a lot of people, it became hyped and more investors were interested.
Some people invested while others treated it as (more likely) a business to have passive income by offering scholarships to those people who want to play the game that cannot afford to invest.
When this game became a trend, more NFT games are getting exposure such as Thetan Arena, Alien Worlds, Splinterlands, and the latest game Pegaxy.
So, for me, the year 2021 is just the beginning of GameFi and more people will invest in it in the next coming years, especially 2022. This sign can make the price of its in-game and governance currency such as $AXS, $SLP, $TLM, $SPS, and more tokens related to GameFi.
Charity Adopts Crypto
In this world full of technology, it is possible that people will use cryptocurrency in their everyday life. In fact, there are platforms that accept crypto for the donation drive and fundraising to help organizations and charities to accumulate funds.
One of the examples is The Giving Block, it was founded last 2018 and it has become the go-to solution for nonprofits seeking cryptocurrency donations. Furthermore, after a few years of operation, they manage to accumulate 1000+ non-profit organizations where the donors can donate different cryptocurrency.
Disclaimer: None of these are financial advice.