2022 was a banner year for Cardano NFTs, that’s for sure. We’ve seen tons of new projects, a wave of converts coming from other chains, and a wave of adoption. 2022 was the first year of smart contracts, and we saw new leaders in almost every aspect of Cardano NFTs
I wanted to take a step back and reflect on some of the things that I think made the CNFT Community flourish in 2022, and how we can make 2023 the best year ever for Cardano NFTs
It’s On Chain, Baby
2022 was really the first year that projects could take advantage of smart contracts in unique ways. From on-chain voting to on-chain staking and that’s just the beginning. Before the winter of 2021, Cardano didn’t even have smart-contract. Now, in my opinion, Cardano now has the most advanced major blockchain, and great developers have been working to bring the benefits of smart contracts to Cardano NFTs.
Before Smart Contracts, we had to use a marketplace to manually buy and sell tokens. There were no royalty tokens, and it was easier for bad actors to steal money and tokens.
In 2023, the development of on-chain utility will explode. We’ll have many games that are on the chain, more music on the chain, and the kind of utility we probably haven’t even considered yet.
2023 Is Make It Or Break It
Legends are built in the bear market. There’s a good indication that the bear will ease up in 2023, but there’s no guarantee, and any good leader will work off the worst-case assumption. Projects are going to both moon, run out of fuel, and implode on lift-off. DIY will be very important in 2023.
2023 is the year that all those white papers show is the year it all comes together. Almost every roadmap gives the community almost full utility by the end of the year Let’s be honest, that’s not going to happen for even a majority of projects. That doesn’t mean they can’t make it, but it probably means they won’t.
The Innovation Is Just Beginning
2023 is going to be a big year of development for Cardano in general, and the CNFT Community will be ready to take full advantage of this building. We’re going to see more creators coming to Cardano to build. It’s already happening, but the pace will increase when people realize the possibilities over here.
I predict that there will be more utility-first projects, but more traditional artists will also move to the blockchain. I see innovations in every aspect of Non-fungible tokens, from the way they look to the things they can do. We’ll only scratch the surface of this in 2023, but if you’re here now, you can count yourself lucky.
You May Not Get Rich In 2023, But…
2023 will likely be not only a year for projects to build, it can also be an opportunity for you to build as well. You can do that in many ways. You can:
- Start an NFT Collection of your own.
- Build a business that utilizes the Cardano blockchain
- Find the right projects that will put you in a great position for 2024.
- Learn to flip
- Learn when not to flip
- HODL
Find your own path. Figure out what you love to do, and do it. Some people are better at art, while others are better at seeing useful utility. Whatever your talent is, 2023 is the year to perfect it.
2023 can be the year that changes your life. It’s possible that you may not reap those rewards until 2024 or beyond, but if you start putting yourself in a position to be ready for the next bull market, you’re probably going to make it.
