2024 NFT Predictions

2023: A year of transformative blockchain games, pivotal NFT trends, and intriguing industry outlooks.

This Week's Low-Down:

  • 🏆 Five Blockchain Games that Shaped Gaming in 2023

  • 👀 The NFT Chronicles of 2023, From Ordinals to Pudgy Penguins

  • 🔎 Ripple's 2024 Web3 Predictions—AI and Tokenization Innovations

What's Happening Header
  • Pudgy Penguins’ Remarkable Journey of Growth in 2023 (NFT Plazas)

  • Crypto Crystal Ball 2024: When Will Regulatory Clarity Come to the US? (Decrypt)

  • Bitcoin & Friends Will Launch $150,000 NFT Treasure Hunt in January 2024 (Bitcolumnist)

  • NFT Sales on Bitcoin Hit Record in December 2023 (Crypto News)

  • China to Bolster Web3 in 2024 with $10B Investment Fund (NFT Plazas)

  • Got 'Worthless' NFTs? This Startup Buys JPEGs for a Penny to Harvest Tax Losses (Decrypt)

  • Our Top 5 Web3 Games of 2023 (NFT Plazas)

  • Square Enix Releases Symbiogenesis Chapter 1 (Bitcolumnist)

  • Web2 Studios to Spearhead Web3 Gaming Shift in 2024 (NFT Plazas)

  • Trump Dumps Millions in Ethereum After Disastrous NFT Redux (Decrypt)

  • ‘Axie and Ronin Creator Awards 2024’ to Honor Digital Creativity (NFT Plazas)

  • Navigating NFTs in 2024: A Personal Branding Guide for Digital Artists (nft culture)

  • Avenged Sevenfold Pioneers a Million NFT Revolution in Music and Blockchain (Variety)

  • Can Polkadot’s NFT Ecosystem Flourish in 2024? (AMBCrypto)

Trending Collections on OpenSea:

  • Parallel: This interplanetary sci-fi trading card game distinguishes itself with its strategic depth and unique gameplay, setting a new bar for NFT-enhanced games.

  • Illuvium: An ambitious project encompassing multiple games, Illuvium offers an immersive RPG experience with advanced pet collecting and battling mechanics.

  • Pixels: Standing out as a fully released pixelated browser game on the Ronin blockchain, Pixels captivates players with its minimalistic design and vibrant community.

  • Shrapnel: A first-person extraction shooter, Shrapnel receives AAA-level funding and impresses gamers with its cinematic sci-fi world and blockchain technology integration.

  • Off the Grid: Directed by "District 9" filmmaker Neill Blomkamp, this crypto-powered battle royale shooter features innovative gameplay and a unique mobile companion game.

    The NFT Chronicles of 2023, From Ordinals to Pudgy Penguins

2023 was a pivotal year for NFTs, marked by significant developments and trends.

These five key stories defined the NFT space last year:

  • Ordinals Protocol on Bitcoin: The introduction of the Ordinals protocol on Bitcoin, allowing media and text files to be inscribed onto satoshis, sparked a debate among Bitcoin enthusiasts and led to a surge in network activity.

  • Blur's Market Dominance: Blur's rise in the NFT marketplace was a defining moment, with its aggressive token incentives strategy enabling it to overtake OpenSea in Ethereum NFT trading market share.

  • SEC's Increased Scrutiny: The U.S. Securities and Exchange Commission heightened its focus on NFT projects, targeting those it deemed unregistered securities, including high-profile cases like Impact Theory, Stoner Cats, and the Kraken exchange.

  • Trump's NFT Collection: Former President Donald Trump's NFT collection saw initial success but faced value collapse with subsequent releases.

  • Pudgy Penguins in Retail: Pudgy Penguins made a significant mainstream move by partnering with Walmart to offer plush toys with scannable QR codes for NFTs.

Ripple's 2024 Web3 Predictions—AI and Tokenization Innovations

According to the XRP Ledger that natively supports NFTs, “Ripple”, 2024 will mark significant advancements in blockchain technology.

  • AI and blockchain convergence will revolutionize cybersecurity and financial services by 2024, enhancing security and enabling smarter trading.

  • Real-world asset tokenization, particularly in real estate and commodities, will propel the blockchain economy and attract institutional investment.

  • The adoption of Decentralized Identity (DID) will transform blockchain privacy and security, increasing institutional participation in decentralized finance.

  • Blockchain interoperability will create a unified, efficient ecosystem, spurring innovation in decentralized finance.

  • Stablecoins will transform global finance, establishing new FX corridors, reducing USD dependence, and gaining traction in the Middle East.

Today's edition was written by Leah Alger