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Metaverse, GameFi, and Web 3.0 predictions from seven blockchain experts

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Holochain executive director Mary Camacho, Chair DigiByte co-founder Hans Koning, Zelwyn Ecosystem CEO Nikolai Shkilev, Bits.Media creative director Alexandra Demidova, Sergey Simanovskiy from #CitizenCosmos, Crypto Corner host O.J. Jordan, and BDC Consulting’s CBDO Paul Moukhine participated in a recent all-star roundtable on BDC Consulting’s Cryptovo YouTube channel. Even though they differed on several points, the experts were able to gain useful insights from their debate regarding the future of the metaverse, GameFi, Web 3.0, and what Bitcoin will look like in 2022. 
 
 
The metaverse’s first steps will be taken in 2022
 
While the metaverse continues to be one of the major digital developments, the round table participants differed greatly on its significance and short-term prospects. A blockchain-powered virtual reality experience is what O.J. Jordan believes VR needs to take off. There might be an $800 billion metaverse market by 2024, up from today’s $70 billion, according to him. 
 
Mary Camacho, on the other hand, requires more time to get to grips with the metaverse. In addition to blockchain, the metaverse is made up of many other technologies that will be fascinating to see move across virtual places. It is also possible that new restrictions will be implemented. In 2022, as more businesses see the value in joining the market, it will be a year of ‘baby steps’ mixed with ‘aha!’ moments due to the complicated interaction described above. 
 
It is possible that for many individuals, the best method to participate in this trend is via the acquisition of property in the metaverse (such as virtual real estate). Decentraland and OpenSea, as well as MetaBrands, where he serves as an adviser, are initiatives he thinks have enormous promise. 
 
There will be a division in the GameFi audience 
 
Next up, Alexandra Demidova discussed how she receives many marketing requests from crypto game ventures, but they all seem to be the same. Expecting a new Axie Infinity to appear soon is unreasonable since there are currently several high-quality games on the market. 
 
Mary Camacho predicts that GameFi’s future users will be divided into two groups: those who play to earn money, those who play for fun, and those for whom the prospect of losing money might be a deterrent. As Web 3.0 becomes a reality and large distributed games emerge, this split will be interesting to observe. 
 
In Paul Moukhine’s opinion, huge game development companies still haven’t understood the spirit of GameFi as gamified DeFi. If studios enter the market with the mindset that it’s all about the money, this might be a game-changer. 
 
NFTs for musical purposes: the future of music distribution? 
 
Even industry experts like Sergei Simanovsky couldn’t have predicted that NFTs would be the driving force behind blockchain adoption—and yet, that’s exactly what occurred. 
 
Beeple’s $69 million auction at Christie’s was described as an event that “shaken the globe,” and O.J. Jordan predicted that music would be the next frontier for NFT. It is the direct ownership and royalties potential for artists that non-fungible coins may provide. With NFTs, musicians may finally regain control of their income. 
 
While the NFT market is still in the speculative bubble stage, analysts have noticed that many individuals have ended up selling their tokens at a loss. NFTs have the potential to go through something similar, but this does not take away from their revolutionary power. 
 
Regulation and Web 3.0 
 
Many people believe that the current centralized internet will be replaced by a new, dispersed one. Decentralized technology, Mary Camacho said, would remain a ‘playground’ for those who know how to profit from it until it becomes as simple to use as centralized ones. 
 
When it comes to privacy and data ownership, Web 3.0 is all about profound distrust in society. People and organizations’ inherent slowness may delay the transition to a full Web 3.0, but the need for a self-sovereign identity will be a major problem in 2022. 
 
The development of blockchain legislation is critical for Web 3.0, but analysts don’t foresee any major changes until 2022. Even if the concept of utility tokens is still up for debate, regulatory uncertainty is expected to remain. An interesting point of view is held by Hans Koning, who feels that the United States is at danger of being overtaken by other, more crypto-friendly nations due to authorities’ indecision. 
 
However, we must be prepared for a broadening of limits in all areas. Stablecoins, on the other hand, are despised by regulators due to their high volatility. CBDCs (central bank digital currencies) are already being considered by up to 80 nations, and China is already implementing the “digital yuan.” Cryptocurrency might be banned or restricted in countries that implement CBDCs. 
 
Finally, the participants offered their forecasts for the future of Bitcoin in the form of tweets. Jordan believes that the apex of this cycle might be $120k and that it could arrive in 2022. Also, Nikolai Shkilev thinks that BTC will reach $100,000. According to Hans Kerner, there will always be a demand for $20k and an expectation of $1 million, and the fact is likely somewhere between. Rather than focusing on the Bitcoin price, it may be wiser to concentrate on the intriguing phenomena unfolding right in front of our eyes.



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    • Fake News = The False Prophet

      My prediction: ALL dead in the water. No future at all.

    • LucyaSmit

      One thing is clear: cryptocurrency has a bright future, and it’s going to be even more popular, it’s just a matter of time when it’ll be a way of payment everywhere. I know that people are actively getting into this field, and that’s why I decided to start working with blockchain development company and develop a custom wallet for storing crypto, and I’m pretty sure it’s a good investment.

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