NFT predictions for 2023 🔮

Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles

Dear Bankless Nation,

2022 is coming to a close, and the new year’s just around the corner now!

That said, I personally have lots of predictions for the NFT ecosystem in 2023. I think we will see things like:

1. The Big ABC (Art Blocks, BAYC, and CryptoPunks ecosystems) continue to dominate trading volume

2. The Polygon infra stack keep winning over big brands

3. The crossroads of AI advances + NFTs boom like never before

4. The Arbitrum and Optimism L2 NFT scenes enjoy big activity surges

5. A few more NFT project acquisitions by huge companies

6. Web3 social platforms gaining lots of new ground amid continued Twitter chaos

7. An uptick in projects exploring use cases around dynamic NFTs

8. More DeFi projects embracing NFTs in their operations, e.g. NFT credit scores

9. Big growth in the number people using creator-owned infra like Manifold and Zora

10. The arrival of the next breakthrough NFT game

To be sure, there are many more possibilities in play too! My main takeaway here is that there’s plenty to be excited about going into 2023, and I think in the new year we’ll see considerable growth in numerous areas of the NFT ecosystem. 

In the meantime, let’s zoom in and get you up to speed on the past week’s NFT headlines in our usual Friday recap. Thanks for reading everyone, have a great weekend ✌️

-WMP

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• Deca introduced Etch, a unique art and writing platform created in collaboration with artist Matt Kane:

• Ensemble, a platform where artists can sell artifacts from their creations, arrived. 

• Daniel Allen and Reo Cragun released Criteria, a collaborative 8-track album, via Bonfire and Sound:

• Decentraland published a guide on LAND rentals in its marketplace. 

• M○C△, a.k.a the Museum of Crypto Art, launched its interoperable metaverse spaces known as ROOMs:

• NFTfi passed $300M USD worth of cumulative loan volume. 

• Tessera announced an $APE Vault for compounding ApeCoin staking yields. 

William M. Peaster is a professional writer and creator of Metaversal—a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also recently been contributing content to Bankless, JPG, and beyond!

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.