We came, we saw, and we (barely) conquered 2022. The world witnessed lots of innovations emerge from the Web3 space such as fractional NFTs to purchase luxury goods and real estate, fashion shows and shopping in the metaverse, and the intersection of music and technology through NFTs. But last year wasn’t all peaches and cream. There were some low points for Web3 as well, like ponzi scheme NFT projects, a racist AI rapper, and the downfall of FTX. But with great technology comes great innovation, which leads me to the question: What is next for Web3?
I asked Web3 thought leaders and creatives what their predictions were for the space in 2023 and this is what they had to say.
Community manager for RTFKT Cas thinks we will be leaving a few things in 2022 — for example, the phrase “NFT.” He predicted, “The stigma around NFTs doesn’t match what’s actually happening in the space. In the years moving forward, I think a lot of projects will focus more on the benefits than the tech.” Specifically for this year, Cas believes the “latest trends will be focused around the ecosystems that have been building in Web3, like DAOs, digital collectibles [and] social rewards. Many teams have spent a year-plus working alongside their contributors or collectors, and we’ve seen how powerful social alignment has worked in the past. I’m also excited to see more entrepreneurs thrive or find niches in the space. I think most will agree that a good artist or developer…
