The year 2021 has been a successful one for YIELD App and the new year promises to be even bigger and better, as our experts share their crypto predictions for 2022. From gaming to the Metaverse and everything in between, 2022 will be another strong year for crypto.
We here at YIELD App are also looking forward to 2022, after an inaugural year in which we saw our managed assets jump to more than $450,000,000 and the number of users globally to over 70,000, just 10 months from our launch. This huge achievement has exceeded our own expectations, an ambition we look to extend in 2022.
In this short time we have also launched our Bitcoin Fund to great success, signed a historic sponsorship deal with Premier League football club West Ham United, and have been furiously developing Version 2 (V2) of our platform, which will bring a raft of new features to our users. With this set to launch in January, next year should prove another eventful and fruitful one for YIELD App.
Digital assets in 2022
As 2021 draws to a close, YIELD App’s expert team has put together some crypto predictions for 2022. Whether these predictions come to pass or not, these trends are some of the key ones to watch in 2022.
1. Growing mainstream crypto adoption
We have seen mainstream adoption of cryptocurrency skyrocket in 2021, but 2022 can be expected to bring a continuation of this trend. As mainstream adoption increases, while central banks and regulatory bodies begin to provide greater certainty around regulation, this will be positive for digital assets. Already popular areas, such as non-fungible tokens (NFTs) and the Metaverse, will benefit even further as big brands make forays into this exciting new space.
2. Covid will jump-start the Metaverse
The ongoing Covid pandemic affects all types of assets, including cryptocurrencies. If Covid is still running wild in 2022, we will see faster digital acceleration, as the work-from-home trend continues and virtual socializing increasingly becomes the norm. This would be a huge boon for the burgeoning Metaverse and projects related to social online interactions.
READ: Fridays with YIELD App recap: All you need to know about the Metaverse
After Facebook made a big bet on the Metaverse, officially renaming itself “Meta Platform”, other leading brands are sure to follow. This will have profound implications for everything from property ownership to gaming, and is set to transform the way we interact for both business and pleasure. Virtual offices and virtual jobs will also shape a new global and borderless labor market.
3. GameFi goes global
As the Metaverse brings gaming onto a new level, we will also see mass adoption in GameFi projects – where gaming and decentralized finance (DeFi) meet – as well as layer-one blockchains. GameFi will keep evolving and attracting more and more users from traditional gaming markets.
READ: What is the Metaverse of Mark Zuckerberg and what does it mean for digital assets?
Many new blockchain games are slated to come out in 2022, such as Illuvium and Gala Games, and this will lead the traditional gaming industry to turn to digital assets and start exploring new opportunities with NFTs and tokenization. This in turn will drive further growth in the digital assets and blockchains that underpin this.
4. DeFi gets bigger and better with DeFi 2.0
While 2021 was the year that DeFi went big, 2022 will see an accelerated evolution towards DeFi 2.0 that will look to solve some of the problems in this fast-growing space. DeFi 2.0 promises more scalability, security, accessibility and transparency, to ensure mainstream adoption of digital assets continues to grow.
DeFi 2.0 will unlock greater value for users, while reducing the risks associated with digital assets. Such innovation is at the heart of what we are building here at YIELD App and we look forward to bringing safe digital asset opportunities to our users across the globe in 2022.
5. Web 3.0 will transform the business landscape
Another big change happening alongside the Metaverse is the evolution of the internet as we know it. Web 3.0 is the third generation of the internet which combines artificial intelligence (AI), machine learning, big data, and other innovative technologies to create a web experience that is more intuitive, immersive and intelligent.
READ: How is crypto setting the stage for Web 3.0?
In 2022, we will see the launch of new Web 3.0 applications that will open up new opportunities for businesses, bringing speed, efficiency and big data to companies of all sizes.
6. Layer one solutions will continue to challenge Ethereum
In 2022, we could also see further growth in layer one solutions, such as Avalanche, Solana, NEAR and Cardano. Part of the DeFi 2.0 evolution, layer one blockchains look to tackle the scalability problem of the Ethereum network, which at present can only process 15 transactions per second. As mainstream adoption and usage grows, so do the Ethereum gas fees.
Solutions like Solana look to improve on this, with the blockchain claiming to be able to process 70,000 transactions per second (although according to its own website it is currently only processing around 2,800 transactions per second). We will continue to see the emergence of challengers to Ethereum’s dominance of the DeFi landscape in 2022.
READ: Is Solana the future of DeFi?
With so many exciting developments and predictions for crypto in 2022, it promises to be another stellar year for this space. We are excited to be part of this and to continue bringing the best digital asset opportunities to our growing user base. We wish you all the best for 2022 and here’s to another happy and successful year!
Do you want to make 8% - 18% APY on your USDT, USDC, ETH and BTC? Sign up for a YIELD App account today!
DISCLAIMER: The content of this article does not constitute financial advice and is for informational purposes only. The price of digital assets can go down as well as up, and you may lose all of your capital. Investors should consult a professional advisor before making any investment decisions.
