Where Is Crypto Market Headed in 2022
It’s been yet another adventurous and enthralling year in the NFT space so far. Not only has its reception skyrocketed exponentially, but we also see several heavyweight brands buying into the hype. In sum, a few major positives within the space, especially in the past few weeks are: Disney onboarding more NFT experts; Warner music signing a partnership with a native NFT project; Coachella’s partnership with FTX and Snoop Dogg is heeded back to the future.
Disney onboarding more NFT experts
Disney keeps integrating NFTs into its activities- so we can say it’s no stranger to the space. We’ve seen such instances in the brand rolling out digital legacy IP as NFTs. In fact, the entertainment heavyweight partnered VeVe, an NFT platform late 2021. And considering the job listings over the week, Disney doesn’t seem to be putting their feet on brakes anytime soon. This begs the question – does Disney’s hiring spree for NFT team members indicate even more promising plans for the metaverse?
Warner music partners with native NFT project
NFT music project, OneOf ended 2021 with a bang. And expectedly, it’s not looking to slow down the pace. In fact, it got 2022 off on the right foot, onboarding top music artists such as Whitney Houston, john legend, and the list goes on and on. Backed by Quincy Jones, OneOf is barely a year in existence, and undoubtedly, this achievement has checked a significant milestone in its roadmap — signing a music deal with Warner. The project is on the Tezos blockchain. However, although the partnership’s full scope remains ambiguous, you’ll probably see a lot of Warner music group’s artists on OneOf as the relationship waxes stronger.
Coachella & Cameo riding on the NFT wave
Cameo is a personalized video maker, and recently, it made the intention of a Cameo pass NFT drop public. This implies that holders can onboard its metaverse compound, which includes, opportunities like access to attend live events, premium merch, and more.
Coachella, arguably the summer’s most recognized yearly event, has signed a partnership deal with FTX to mint new NFTs on the Solana network. These NFTs will include posters, and revenue generated from them will be directed towards a noble cause- charity, and rewards for contributing creatives.
Snoop Dogg is back to the future
Hip Hop legend Snoop Dogg just acquired the Death Row Records brand from MNRK Music Group.
Gala Games, the popular blockchain gaming platform, has announced a major new relationship with Snoop, who will release his new album, B.O.D.R. (Bacc on Death Row), as a Stash Box of NFTs on the Gala Music shop.
Formed in Los Angeles in the early 1990s, Death Row Records has been home to a number of the most iconic names in Hip Hop including Dr. Dre and 2Pac, and was Snoop Dogg’s debut label.
Last year the rapper started building his own virtual world in the metaverse on the Sandbox. Snoop is the first rapper to collaborate with Sandbox.
Latest positives around Decentralized finance
HAL raises $3 million
HAL, the blockchain data provider recently gathered about 3 million USD in a seed funding round. Coin fund led this funding activity intending to develop the on-chain data analytics ecosystem. Similarly, Aave users voted to incorporate the blockchain data provider’s notification into the DeFi ecosystem. At first, the integration will be directed towards offering notifications concerning borrowing positions, and ultimately, bringing down liquidation risks to a negligible percentage.
Digital arts keep waxing stronger
Just at the start of February 2022, IOC (International Olympics Community) launched its Olympic-themed mobile game that integrates collectibles as a pin. In addition to this, video game retailer, GameStop, which doubles as a meme-stock, also made it public that it has partnered with immutable x, to develop its native NFT marketplace. Of course, these are positive indications that the NFT hype is not planning to diminish anytime soon.
Latest positives in the DAO space
Over the weeks, a lot has happened in the Decentralized autonomous organization, DAO space. Firstly, SuperDAO recently gathered roughly $10.5 million in a seed funding activity, whose goal is making it ridiculously straightforward for anyone to kickstart and manage their DAO. The framework leveraged by SUperDAO will allow boundless DAOs to raise funds via several avenues, including equity distribution to members, token sales, unified treasury management, among others.
Today, we have only a few crypto projects revolutionizing investing, with Überstate at the peak of the pyramid. However, another project that catches the eye is syndicate. Recently Syndicate revealed its Web3 investing club, directly primarily towards making DAO investment as easy as creating a WhatsApp group chat. It is built on ERC-20, thus allowing integrations and hookups with boundless Decentralized financial protocols and tools, bridging the gap between investment and web3.
The metaverse
2022, is quite a year for the metaverse, which market capitalization of over $27 billion. Its influence keeps spreading across various walks of life including finance, gaming, social interactions, among others. However, one of the most surprising positive development within this space is the transfer of religious services to the metaverse due to covid-19 concerns.
The religious leader of a Virginia-based church, D.J. Soto is one of the few leaders to espouse the benefits embedded within virtual reality and deemed it a huge leap towards self-realization in the human race. With it, the church can get to people who are not able to attend physically.
Besides this, recently, Decentraland had the privilege to host the world’s first metaverse wedding. A Phoenix couple got married with their digital identities on Decentraland, with the presence of a witness. Supreme court officiant, and a digital crowd of a whopping 2000 wedding guests. This makes it the first of its kind, and hopefully, we keep realizing the loads of benefits and use-cases the metaverse has in store for everyone.
Latest positives about altcoins
Shiba Inu delves into the metaverse with LEASH soaring over the roof
LEASH, a token within the SHIB system skyrocketed by roughly 50% following a team announcement of its plans to penetrate the metaverse — with a promise that LEASH holders will be the first entrants into the virtual land once it’s completed. Following this news, LEASH traded at $1866, which is up by 50% in the last one day and 129% for the week. Similarly, we can see several major altcoins gaining bullish momentum, so do you think we should expect a much more bullish market anytime soon?
Real estate and blockchain highlights
The relatively nascent global market for real estate tokenization keeps taking shape daily. This is primarily fueled by the surging reception of crypto and the penetration of asset trading platforms that are making investment accessible to both young investors and heavyweights.
With a project like Überstate, tokenizing real estate holds the promise to bring in more liquidity into real estate assets, while injecting more transparency and traceability into transactions. This ultimately offers auditors more significant confidence in data integrity and property deals. All in all, although real estate in blockchain might be at its relatively early phase, it has the tendency to disrupt the global property market. We’ve seen this in the recent news of Colombia making the first real estate purchase in BTC, and the growing reception of tokenized real estate in the Ukrainian real estate ecosystem.
Überstate forex microfund
Überstate is not only revolutionizing real estate with blockchain but also bridging the gap between several investment avenues and making decentralized finance more accessible to everyone. With the forex micro fund opportunity, you can diversify your assets into foreign exchange markets. There are professionals and traders to help you make the best out of your funds, instead of just leaving it lying dormant in savings. Besides, there are algorithms and portfolio management options to make the entire experience even more fulfilling for you.
On Überstate micro fund, you can easily access your capital and withdraw at will via the self-directed brokerage account. As such, this allows you to save, invest, and spend directly via the Überstate virtual card.
Überstate blockcard
Essentially, this is a virtual card that bridges the gap between decentralized finance and real-life utility. It works just like your credit and debit cards and you can make a purchase anywhere with it. Best of all, the card demands zero fees for deposits, exchanges, and transactions. Besides, you may not even pay any monthly fee, provided that your spending exceeds the $750 mark. You can also get this within a few minutes by simply registering for your card, depositing funds, and passing a KYC.
Überstate.ME wallet
If you’re looking to enjoy the best of both worlds — crypto liquidity and traditional mobile barking, look no further than the .ME wallet. Here, you are fully in control of your investments at all times, encapsulating a divergent mix of benefits that include daily payment of BTC up to 12% yearly (terms and conditions apply), and mouthwatering average returns.
Leaving your money in a traditional bank account vs crypto staking options
Today, several individuals believe leaving their money in a savings account is the best approach to profiting from their investments. However, depending on your location and the available options, the most generous savings account only has about less than 2% APR to offers. And of course, this is even significantly lesser than the inflation rate in several countries globally. Banks are playing this only because they direct your deposits into personal investments to bring in more income for them. For instance, they might even give out loans or buy stocks with your cash, and give you crumbs as interests.
But on the other hand, even the least generous staking option would promise you more than 6% with multiple projects even going as far as 100%. While these values may vary, the truth remains that they will almost certainly be significantly higher than what the best savings option has to offer.
