NFTs. Decentralised Finances. The metaverse. You’ve probably heard these terms, but what do they mean? Let’s figure it out.
DeFi: A breakthrough in Fintech
In 2021, the DeFi concept has grown exponentially. Having started the year at $ 21.55 billion, the total value locked (TVL) made more than x10, reaching $284 billion by mid-November.
Second-layer solutions make transactions faster and cheaper, and cross-chain bridges allow funds to be moved securely between different blockchains. All of these innovations increase liquidity and motivate developers to create progressive financial products.
Experts advise paying attention to two areas — liquid staking and second-order protocols, the basics of which are easy to understand even for beginners.
NFT: Value Creation
As the NFT continues to gain popularity around the world, many industries are incorporating the latest technology into their core offerings, such as luxury brands, sports associations, games, and many more.
By the way, the main volume of the NFT market now consists of two main areas — collectible items and gaming NFTs. P2E projects generate other crypto trends, such as the acquisition of utility assets, virtual real estate, and metaverse.
At the same time, NFTs remain the most difficult to invest due to the non-obviousness of the intrinsic value of assets.
Metaverse: The New World
Next on the list of the market trends is the Metaverse, which refers to a real-time 3D environment where people can create virtual events and participate as equal participants.
According to Bloomberg Intelligence, the global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020. As a highly flexible and unrestricted sector, the metaverse is expected to be the driving force behind the Web 3.0 era.
What’s more, the impact on the digital finance sector is already evident as this hot trend drives value and stimulates an excessive rise in the price of some native metaverse tokens, like $MANA, $SAND, $AXS, and others.
The main feature of crypto and its trends remains high volatility, so staying up to date with the latest events is very important for profit. We took this factor into account and created Stoic AI that independently and safely manages your crypto-folio. There is no longer a need to run deep on the materials to invest in tokens — progressive technologies will do it for you.
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