NFT : Word Of The Year, Next Will Be “Metaverse”

in LeoFinance2 years ago

NFT deserves to be the word of the year because everyone is talking about NFTs right now and researching about it. I can’t go a day without seeing the “NFT” on either Twitter or Instagram. Everyone is minting an NFT and everyone is trying to own an NFT. Celebrities are getting in on NFTs, any form of incentives, you hear NFTs. Thanks to outrageous amount people that are spending on NFTs, everyone suddenly wants a piece of the pie now.

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Notable prestigious honorable auction houses like that of Christie’s and Sotheby’s have dived into auctioning NFTs. This has helped sprung the demand and value of NFTs. The cryptopunk and the bored ape yatch club NFTs really played a massive role in popularizing the NFT word with the help of their community. Their communities always have this solidarity that makes you wish you were among their club, but all you have to do to join is buy a bored ape NFT to join the club.

Big time companies and notable celebrities started jumping on the NFT game especially the Bored Ape Yatch club, we saw Stephen Curry jump in. We saw Budweiser jump in on the NFT craze, Visa made a big announcement by saying they have joined the crypto punk NFT community, Snoop Dogg revealed he is behind pseudonym name Cozomo de’ Medici who owns over $10 Million worth of NFTs.

If anyone wants to make quick buck now, all they have to do is make some images, find a community, mint them into an NFT, and start buzzing the NFT word all around. This has made me question what the future value of NFT will be.

Here comes the “Metaverse” word next, Mark Zuckerberg has helped to popularize the word that everyone is asking and talking about the Metaverse even though some of them haven’t gotten a full grip of what it means yet. This is the word that is currently thrown around, especially the “verse” suffix. I saw some shitcoin adding “verse” to the end of its word, within me I knew it was expected. Anything crypto related that will be created, you are going to see the metaverse added for PR purposes.

Microsoft and Nike has also contributed to the buzz use of the metaverse word. After Facebook made their rebranding announcement, Nike and Microsoft announced theirs afterwards. With NFTs being part of the Metaverse, it’s almost impossible to talk about NFTs without involving Metaverse and same goes with talking about Metaverse without involving NFTs. We have also seen the announcement from the crypto exchange Gemini, they have also announced their investment in a decentralized metaverse. That also contributed to increase the Metaverse word popularity.

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The term Metaverse will be dead by the middle of next year. The hype is over the top.

The word of the year for 2022 is likely to be DAO.

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DAO, i didn’t see that coming

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Honestly the hype behind the metaverse is crazy and I think the thing that keeps fuelling it is experience. People missed out on the NFT craze so they think that there is something new so they immediately jump on the ship regardless of the true value of the idea

We love to FOMO a lot

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