Although 2022 will be difficult in terms of macroeconomic conditions, cryptocurrency usage has increased. According to reports, the number of crypto holders crossed the 400 million mark in November 2022 and reached 402 million. According to Crypto.com’s report, the adoption rate increased by 2.9% monthly throughout 2022. Considering that 2022 is a bad year for the sector, this increase should not be underestimated.
Crypto.com’s research tends to double the average of global cryptocurrency holders in 2023, reaching 600-800 million.
The report underlined that the probability of seeing high-budget blockchain games in the next few months is quite high. Blockchain gamesI managed to maintain its strength throughout 2022 and attracted attention in the sector. As a matter of fact, this seems to be related to the fact that the projects offer many innovations for the sector rather than high profits.
Additionally, in the report, Soulbound TokenAttention was also drawn to the growing number of crypto applications for s (SBTs). SBTs are non-transferable and non-tradable NFTs. SBTs are designed in connection with a particular person or thing. Therefore, there are some fundamental differences.
Crypto.com also predicts greater emphasis on user education and security in 2023. In 2023, we may see more investment in security certifications and audits. However, the company also expects more training programs to be launched in this area, following the trend in 2022.
Attention To These Projects In The Crypto Industry
Crypto.com also commented on other areas that could grow in the coming year. These include adoption of zk (zero knowledge) proof, utility-based DeFi applications, and new blockchain infrastructure. The study also includes an expectation of an increase in institutional investment in the crypto sector, which was hit in 2022.
Despite all the developments, the sector should always keep in mind the events of 2022. The disaster that started with Terra continued with the collapse of 3AC, Celsius and FTX giants. As a result, the total value of the cryptocurrency market stands at around $832 billion.