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NFTs in 2022: From Word of the Year to Mainstream Adoption & New Use Cases
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‘NFT’ is Collins Dictionary’s word of the year for 2021. Yes, the acronym standing for non-fungible token is, in the opinion of the dictionary’s experts, more representative of the world this year than any other recently fashionable word.
This is a significant recognition of the status of crypto and NFTs, with Collins describing it “as a buzzword we’ve heard over and over again in the past 12 months, in breathless news reports and on social media.” However, as big as 2021 has been for non-fungible tokens, industry players expect 2022 to be even bigger for it.
In particular, commenters estimate that the end-of-year growth we’ve seen for blockchain-based ‘metaverse’ and gaming platforms is going to translate into significant expansion
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