What are some possible NFT catalysts that we might see in 2023?
First: I noticed a pattern.
Since 2019, ETH NFTs have ended the year with a higher $$ volume amount than in past months. Afterward, January usually gets a high volume as well.
Will it happen this time? Let’s analyze that.
Dec 2019: $853.351
Dec 2020: $4.68M
Dec 2021: $2.1bn USD
January then starts with a bigger volume month 👇 📊: @cryptoslamio
This year 2022 is also closing with the HIGHEST amount of volume since August. December is closing at around $500M according to @cryptoslamio While nobody knows 100% if Jan 2023 will start strong like past years, this is a good data metric.
What are some possible NFT catalysts?
🔹Yuga drops the interactive mint on January
🔹 @GameOfThrones launches collection on Jan
🔹 Starbucks works on loyalty program on 2023
🔹 NIKE launching the “SWOOSH” NFT marketplace of web3 virtual/physical merch
NIKE has mentioned that they also want to give the Nike community exposure to web3 with this marketplace so they can “LEARN about and collect virtual creations”. 👇 NIKE made around $185M JUST in web3 (NFTs) revenue this year.
🔹 The Sports industry
This year 2022 Cristiano, Messi, FIFA and more prominent teams/players entered the space via collectibles/partnerships. Many new people who entered the space were the web2 sports community! The source of the images below is @beincrypto’s article.
In one of my early personal articles of this year, I included the sports industry ⬇️ way before we saw many teams/players start to see the potential of mixing sports and NFTs together!
We might see more sport-related NFTs in the future of 2023/or upcoming years.
We also have other potential catalysts:
🔹 Auction houses and 1/1 art
🔹 More companies wanting to enter and bring more people like Reddit
🔹 Crowdfunding/Fundraising
🔹 Charitable NFTs
🔹 Gaming
2022 was both a good and very challenging year for NFTs. We had a ton of ups and downs. I remain optimistic about the future of NFTs. Good things take patience. Thank you for reading! If you liked this, consider following @suppvalen on Twitter for more content + snoopy gifs 🤍 check the thread of this below:
