At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…
NFT Projects that May Attract More Investors in 2023
The Non-Fungible Token (NFT) market may see a rebound in investors in 2023, with numerous projects gaining popularity. From games to collectibles, NFTs are becoming more enticing for blockchain investors.
A Market Striving to Recover from a Sharp Decline
After a 97% collapse in trading volume in 2022, the NFT market is striving to recover. However, it faces several challenges, including the need for more liquidity and infrastructure that would attract more investors.
Many innovators, entrepreneurs, and investors still believe NFT initiatives may succeed in 2023.
While the number of NFT projects launching has likely dropped since 2021, the next ventures appear promising. These projects have the potential to bring advantages such as higher liquidity and greater transparency for investors.
Better infrastructure, scalability, and user experience will boost NFT initiatives in 2023.
NFT Projects to Watch in 2023
We have researched the market and selected five NFT projects potentially worth investing in as we enter 2023. These projects come from different niches, so they can attract various investors.
RobotEra aims to be one of the most ambitious games in the crypto space. By combining innovative art and Ethereum-powered gameplay, RobotEra is creating an expansive ecosystem.
On this platform, people may find interlinked games, applications, and exchanges that interact with each other using $TARO tokens.
The goal is to make RobotEra the foundation of a blockchain gaming revolution. Here, gamers will be able to directly own their in-game items and control their data.
The team guides you through the process of buying $TARO, as well as playing and participating in the RobotEra ecosystem. First, locate a compatible wallet to buy the $TARO tokens.
Once you’ve bought your tokens, you can start exploring RobotEra and all its activities. You can mine resources in the world, trade items with other players, or build up your robot empire through NFTs.
Uniqly is the name of a new project set to revolutionize how e-commerce stores work. It’s a completely automated, no-code solution that bridges physical and digital encounters with NFTs.
The platform enables users to launch next-layer e-commerce stores in less than 10 minutes. It also offers exclusive and time-limited collections of its top partners. Through Uniqly, users can create their own NFTs, maximize profits and get an innovative e-commerce space without hassle.
The platform provides two store types:
- ‘Production by Seller’ Store if you already have products that you would like to sell as NFTs
- ‘Production by Uniqly’ Store if you’d like Uniqly to produce and ship the products you design.
Users may personalize their Stores with names, URLs, Networks & Tokens, Social Media linkages, and more. Uniqly is ideal for anyone who wants to develop a breakthrough e-commerce site.
NFT social clubs represent another trend to look out for in 2023 that may attract more investors. With WHIKO LAND, collectible NFTs revolve around community, adventure, and collaboration. You can create your NFT comprised of a combination of traits and underlying DNAs.
As a WHIKO LANDER, you may develop important relationships via cooperation, adventure, constructing, creating, and imagining.
This initiative intends to offer a unique social experience beyond virtual worlds with real events and special WHIKO NFT perks.
The initiative invites everyone to “do it yourself” by creating NFTs and sharing them with a community of passionate creators. All these exciting features will likely make WHIKO LAND an appealing choice for NFT investors in 2023.
After the success of Bored Apes and other social clubs, WHIKO LAND may be the next big thing in NFTs.
Named after Giotto, the Italian painter and architect of the 14th century, Botto shares a new form of art: digital, autonomous, and collaborative.
This system received millions of images as training and now generates thousands weekly using AI algorithms. With the help of collective feedback from its community, the bot continues to learn and evolve as an artist.
In 2023, Botto may attract more investors due to its unique approach and technology, which are constantly evolving. It promises to revolutionize how we view art and create a new genre of artists in the process.
As such, it will likely be one of the leading NFT projects in the coming years. So if you want to get in on the action, now is the time. Get involved and help create something truly remarkable.
Unlike other sectors, the art market’s future is difficult to forecast. Botto may become a popular name in the industry and still has a lot of room to grow. If you are looking for an investment opportunity in 2023 that may bring good returns, Botto may be worth considering.
We will conclude our overview with Sorare, an NFT project with the potential to attract more investors in 2023. Sorare’s platform allows users to collect, play, and win officially licensed digital cards featuring NBA, MLB, and other players.
Through this platform, you can buy cards from the game, design lineups with them, and compete against other managers globally.
With its innovative potential to draw investors in the years ahead, Sorare is a project worth keeping an eye on. The fantasy sports industry is huge and continues to grow, and Sorare could be the driving force behind this growth.
If you believe in the future of this business, Sorare may be your entry point for digital asset collecting. The project will already find some competition, but the market is far from saturated. Experienced investors may find Sorare a more attractive option for the long term.
NFTs with Higher Utility Beyond Speculation
A trend that many expect to see in 2023 is the rise of NFT projects with higher utility beyond speculation. Many investors use NFTs as digital assets to be traded or held for potential future profits. In 2023, more projects may focus on creating NFTs with actual practical applications and uses rather than just trading value.
For example, we may see games, virtual worlds, and other digital experiences solely powered by NFTs and blockchain. Many projects combine on-chain and off-chain technology, but 2023 might be the year some run entirely on blockchain.
This could create a more secure and interactive user experience and generate more real-world use cases for NFTs.
In 2023, there should also be an increase in educational resources around NFTs as more investors gain an interest in this technology. However, they must understand the principles behind NFTs and blockchain technology. With more educational material available, users will likely turn to NFT projects to invest their money in innovative projects.
Wrapping Up – 2023: The Year of NFTs?
While there is no way to predict the future with certainty, 2023 may be a big year for non-fungible tokens. With more initiatives focusing on utility and education, investors may resort to NFTs for portfolio diversification and long-term growth.
The NFT market will hopefully learn the past year’s lessons and become even more organized to attract further investors. It may be a great time to be part of the NFT community, and 2023 could satisfy investors.
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