NFT Trends that you should know to win in 2023

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Written by

Rupanshu-kumar

A Beginner in Web 3.0 world.

1 year ago

Topics: Cryptocurrency, Writing, Blog, Blogging, Crypto, ...

There is a high increase in the amount of NFT artist that are creating their own NFT collection to make their work more accessible through Virtual Reality (VR) or Augmented reality (AR) . There are more than one NFT Trends that are shaping the world and forming a bridge , connecting art and NFTs .

There are lots of artist that are making their own NFTs and distributing them via many social platform like opensea, Blur. Providing them more control on their livelihood. Similarly collectors also finding more variations and freedom to choose a project for their collections.

Let's check out how to find a NFT project through the trends pattern.

NFT is a non - fungible token , generally a digital assets it is unique that it can't be replace by other token it can anything such as jpeg photos, tweets, or any other artwork that can be represent on blockchain.

The Distributed ledger technology (DLT) is a digital system that records asset transactions. And NFTs use distributed blockchain technology that verify the ownership of the digital assets.

The collaboration of NFTs with virtual games and the growing popularity of metaverse increase the hype of NFTs in VR, AR, Cryptocurrencies and Internet games. Also the sales of NFTs crossed more than $2.5 billion only on Ethereum blockchain.

Now investors are more interest in this digital assets and activity they are also proposing about digital company and digital entries and tickets for more VR and AR users.

NFTs Trends 2023

According to Statista, the NFT market revenue is projected to grow by 27.26% from 2023 to 2027. Also from nasdaq the high sales in new NFTs like NFT CryptoPunk #7523 was sold for $11.8 million gonna make the industry of digital assets to the new levels.

The non-fungible token market growth is a result of increased development that is giving birth to more than one NFT trend.

NFTs Playing a Growing Role in Web 3.0
GameFi and NFTs
NFTs as Social Media Profile Pictures
AI-Powered Intelligent Tokens (iNFTs)
NFT ETF
Big Brands Using NFTs
NFT Membership

How to Find NFT Projects Early

The fastest growing market of Non-fungible tokens are providing hundreds of Project that you can find but Always admire and rely on the biggest marketplace such as Opensea, Blur providing all the popular and top rank project for you to discover.

In addition, pay attention to non-fungible token rarity and the team behind it. Every project need to create it rarity in the market that show them on top from other projects and that's also a good sign of the high rise of projects in marketplace.

Summary

The NFT market is growing and bringing new possibilities to the investors and describing a new way of assets that both are available an reliable for businesses and people. Also big companies are using NFTs and building different brand awareness that they are engaged and encouraging customers.

For example, purchasing real estate and stocks through NFTs is one of the top trends. Moreover, big brands, such as Nike, are using NFTs for their products and services.