While most people think about cryptos like Bitcoin whenever they hear blockchain, this technology can be as wide as you can imagine. You can utilize this innovation for different purposes. In this article, we will check the primary blockchain trends that you can follow this year.
CBDCs (Central Bank Digital Currencies)
Blockchain tech is undoubtedly revolutionizing the traditional financial sector. Virtual assets adoption by global central banks has been among the latest trends within the finance and blockchain industries. This development reveals financial institutions are contemplating introducing digital currencies.
Follow CryptoMode on Twitter, Youtube and TikTok for news updates! CBDC tracker reveals more than 120 countries are interested in central bank digital currencies. Factors like financial inclusion, cost-effectiveness, and lower transaction charges make CBDCs attractive. You can keep this development on your 2023 watch list.
Blockchain-as-a-Service (BaaS)
Blockchain-as-a-Service is among the top blockchain trends for this year. Renowned firms like Amazon and Microsoft have already integrated it. BaaS will offer a Cloud platform for users to create digital instruments using blockchain capabilities.
Non-Fungible Tokens
Non-fungible tokens (NFTs) started booming in 2021. While their craze seems to have died, these assets will stay applicable and are among the relevant trends in the blockchain space. Recently, Animoca brands co-founder confirmed that NFTs are still on fire, stating that artists can benefit more from them than using platforms such as Spotify.
Animoca Brands is a notable NFT collection. Furthermore, NFTs have attracted the fashion and online gaming markets. For instance, Dolce & Gabbana completed a massive $6 million deal by selling its inclusive non-fungible token collections, which included nine items. It remains crucial to see how the NFT market will push this year.
Metaverse
The Metaverse is a digital world that will offer users enhanced virtual experiences. This trend has attracted large businesses. For example, Facebook switched its name to Meta to showcase its dedication to metaverse developments.
Remember, this digital world can’t exist without blockchain. Thus, blockchain will remain significant as the metaverse gains increased popularity. Are you ready for life in a virtual world?
Moreover, you can watch for blockchain implementation in sectors like healthcare, real estate, fintech, eCommerce, and social networking.
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.
