Gaming, Loyalty and NFTs A Web3future that will also have other moving parts such as DeFi, Gamefi, swaps and more! It's all being shaped now and faster than ever. Let's take a look at how it's all unfolding at the moment.
Crypto has grow a ton since 2011 and took center stage in one of the biggest world wide rallies in 2020-2021. Out of that came a small side saying how crypto is the scam and jumping behind the pure garbage coming out of some peoples mouths. Things like NFTs are polluting the world, all crypto is a scam and crypto is being used for so many things. Of which if you did any amount of research you would find not one, not two but ALL of these cases being pure lies. Lies of which governments wanted you to believe in order to scoop up untold amounts of crypto themselves and try to get ahead of a new asset that was starting to threaten their fiat system.
It was not until just this last year that BRICs came out to combat the USD and from that an even larger understand came forward about how to combat it. Another asset crypto was heavily starting to flow in the wind. In particular China was starting to rapidly adopt it into their BRICs system along with gold buying thus paving the way for the USA once again having to pivot away from the SECs aggressive attack on crypto to block it all and instead adopt it and get ahead of it removing the the large asset values that China and other competing countries where gobbling it.
This has ushering in the days we are seeing now with ETF approvals, new exchanges being launched by mega banks and corporations and with that a new bull run era that is only just getting started.
The Next Few Billion
The worlds population is now 8 billion people strong of which only around a 1 billion have a crypto wallet with some sort of assets in them. With the invention on mass scale satellite internet that's becoming much bigger as all reaches of the world are now able to have internet access.
2020-2021 we saw a glimpse of what would be the biggest adoptions of crypto and what the call to action is for companies. Those where the calls for a decentralized and rewarding social media of which we are still lightyears away from for what I've seen for whatever reason. Personally I feel that reason is because devs, companies and people are holding on to whatever they build and don't want to let it lose into the wilds which is really what needs to happen for this to all be a success just like Bitcoin.
That call for decentralized and rewarding creators and users infrastructure is a huge increasing call as people are getting tired of mega corps collecting and selling their data and only getting screwed over through bans, shadow bans etc. This new era of social media will start to put rewards back in the hands of users and content creators and out of the greedy pockets of mega corps.
The next biggest growth aspect and adoption was through gaming and honestly I'd have to say it was the biggest even bigger than defi and other aspects of the last bull run.
That's because everything is becoming gamified anymore and companies have seen how powerful this is. Wit discounts, earned rewards for using apps etc all keep people coming back. Take this and move it into crypto rewards and other assets and we could see a huge boom in this sector once again for companies that adopt it.
Axie Infinity even though it's been through the ringer seems to still be doing pretty well. The trade volume on that game is still huge. Games like this showed the amount of investment, excitement and a overall growing community and value. It tied everything together. Players, investors, advertisers, sponsors and more the entire ecosystem which makes a very successful product but again companies need to relinquish so much control. For example sponsors that come into the space should be paying in that governance token or providing value into the game and not just the company behind it. That's been a major flaw so far in terms of success in games like Splinterlands which I hope will soon be reshaped this next bull run.
If this happens this bull run is going to be unlike any other and NFT's ownership and that vision many had and is the grand vision of it all in 2020 will come to light. We still have a long way to go but it's possible if we continue to take massive action right now.
Development Times
With any type of development it seems to always take 2+ years from vision to creation and launch for things to happen. I personally don't understand why it takes so long it feels crazy flawed and slow compared to other aspects but maybe AI will help us to start advancing that much faster to build the core frame works which then humans can be creative with and build and have AI test it afterwards.
That being said the last bull run where everyone saw and wanted show us what was needed. But those aspects where only just started to be created which fast forward 2-3 years now we are on the cusp of that.
Take the Hive blockchain game Splinterlands into focus here again. Everyone wanted land back in 2020-2021 and honestly I personally thought it was close. Only to find out we were years away from land actully coming out. On pure speculation land assets shot up to $1,200 per plot! Only to have crumbled down to about $75- $120 now. However within the next 6 months if not sooner land will become a reality. This goes to prove that point of 2+ years of development from Idea and starting to work on it to actully getting it out the door and launched. My hopes are Splinterlands is highly on top of it this time and gets it out while the bull run starts kicking into overdrive.
These systems are what are going to onboard billions of others. It will become much easier to get started, get your wallet and then manage assets. The learning curve for how to get and hold crypto will be simple and to the point for those who don't care to understand all the little details and how to work a cold storage wallet etc.