Web 3 enthusiasts had a rollercoaster year in 2022. So, what will NFT and blockchain adoption look like in 2023? Let’s take a look at three main sectors.
AI (Artificial Intelligence)
Recent years have seen enormous advances in artificial intelligence. By the end of 2022, AI image-generation tools like Midjourney and Dall-E became well-known and pursued. In November 2022, Chat GPT, the powerful AI chatbox, was released, further escalating the AI influx of interest.
AI will disrupt various industries in the coming years. As a result, AI has already begun to impact the NFT industry. Artificially generated NFTs began spreading like wildfire (thanks to NFT tracking programs) by the end of 2022.
Physical Tickets Turned NFT
One of the most notable real-world use cases for NFTs is the blockchain’s authentication aspect. Authenticating ownership of NFTs at a concert or live performance will be possible through apps such as tokenproof. If you take this concept one step further, concert-goers that attend a performance will be able to retain their NFT as a memento of their attendance. Event ticketing and associated companies will also benefit from this process, learning more about customer habits from a data analysis standpoint.
A “Mass Market” NFT Rebrand
As more companies, brands, and influencers begin adopting crypto, blockchain, and NFTs, there will eventually come a universal push to onboard the public masses to these new technologies in a compassionate, easy-to-understand manner.
Companies like Reddit, Starbucks, and Recur started using terms like “digital collectibles,” referring to NFTs in a more naturally-understood voice.
New entrants will flood the market in 2023. Educating and onboarding Web 3.0 users from their customer base is essential for each company.
