he market research report released by Fortune Business Insights in 2022 shows that the global blockchain market is foreseen to grow from $7.18 billion in 2022 to $163.83 billion by 2029. Blockchain technology has been reforming numerous businesses and industries in the recent decade. As well as its speedy development, it has accelerated cryptocurrency trading and introduced a new digital experience to the world.

The continue increasing investment in NFTs: NFT has grown colossal value based on its unique digital token, which cannot be reproduced. Many channels and products have been created for NFT investments, such as designer products, stocks, funds, fine-art pieces, and more diversification in the coming years.

The rise of video games: Game players can own and control what they purchase and earn by making in-game items, NFTs. Thanks to NFTs, players do not have to worry about their game accounts getting stolen or losing the money they have spent on the games. It also encourages the buy and sells activities for the game items in between multiple games.

The development of the metaverse: Blockchain technology can grant safe and seamless access to the metaverse and erases the cybersecurity and fraud risks or poor user authentication (Sekulic,2022). Besides leveling up the security ability, the blockchain has also connected the metaverse to the crypto economy, which offers numerous ideal investment opportunities for businesses.

Building up an Eco-friendly blockchains: Public concerns about energy consumption and environmental impact have been rising for years. One of the examples of Eco-friendly solutions is carbon offsetting. However, a long-term solution is needed ultimately: blockchains can reduce energy consumption and save time on transaction approval by adopting a proof-of-stake model (Krauter, 2022). At this moment, it may be too early to define whether NFTs are the future of human endeavor or if it is just a flashing spark that will quickly be forgotten in the history of humanity. With the fact that giant enterprises have made substantial investment in NFTs, we cannot ignore the transformative potential of this technology.

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