The new year is finally here and, as always, everyone is already looking into what might eventually come of it. For various industries, the beginning of a new year is often both a time of reflection and a time to ramp up preparations for what’s to come. This applies to the gambling and crypto industries as well.
These two sectors have enjoyed a surge in popularity over the past couple of years and 2022 is seemingly set to be yet another great year for them. There were, of course, some ups and downs. Still, from what we have already seen, it is possible to estimate the trajectory of these sectors. Some of the things that we should watch out for include:
More Mainstream Push for Crypto
For a long time, the gambling industry carried nearly all the weight as far as mainstream crypto use is concerned. 2021 changed that significantly thanks to the impressive rise in institutional interest. Lots of mainstream organizations including investment firms and financial institutions got in on the world of crypto.
There is a lot of optimism about 2022 and how it could be an even better year for crypto. Institutional support is one of the biggest pieces of the puzzle when it comes to bringing crypto use to the mainstream. More adoption of digital tokens and currencies will likely be a defining aspect of the year.
The Rise and Rise of Non-Fungible Tokens
Non-fungible tokens (NFTs) were one of the most divisive topics in 2021. While some people saw it as a fad, there were lots of people who saw its potential. The idea is still quite new to many people even those in the crypto community. This raises a few eyebrows with regards to its future.
Well, many experts are optimistic that NFTs are here to stay. The innovative technology has proven to be quite popular among crypto enthusiasts and creators alike. The latter have been able to find new ways of making money from their work. A few issues such as concerns about power consumption will need to be ironed out though.
Enter the Metaverse
With huge companies such as Meta (formerly Facebook) and Microsoft making a play for the Metaverse, the technology was a huge part of conversations in 2021. In 2022, those conversations continue and we expect even more announcements about potential additions to the metaverse.
Knowing how dynamic the iGaming sector is, it will not be long before we hear about more operators leveraging the power of the Metaverse. Crypto and the blockchain will, without a doubt, be a huge part of that shift.