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Web3 trends in 2023

The term Web3 covers a number of trends that make up what is sometimes called the "decentralized internet." The vision here is to create an internet that isn’t (try to not be) controlled by huge corporations...

By Fred Saurat Published about a year ago 5 min read
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NFTs (and utilities) The rise of NFTs (non-fungible tokens) has been one of the biggest trends in the crypto market in recent years. NFTs are unique digital properties (tags) linked to digital or physical assets that can represent anything from art and collectibles to real estate and in-game items. They have been gaining a lot of attention and interest from individuals and businesses, and this trend is likely to continue in 2023 but with the emergence of NFT that “do something useful” – sometimes known as “utility NFTs” rather than NFTs that simply represent virtual works of art or similar. Hopefully, this will lead to a change in perception of this potentially highly transformative technology and a better understanding of where they fit into the nascent Web3 ecosystem.

Web3 affiliate marketing Another trend that is likely to gain traction in 2023 is the development of Web3 affiliate marketing. With the booming number of people trying to make money online and the rise of NFTs, many people are looking for ways to access the market and make money from it. Web3 affiliate marketing can provide a new era for both NFTs and affiliates in 2023 by bringing trust and opening mainstream access. By partnering with existing businesses and platforms with huge experience in affiliate marketing, NFT companies can gain exposure and credibility, making it easier for them to grow and succeed. This model can also help to remove “pseudo influencers-scammers from the market.

One of the pioneers in this field is TheFamous, which is an emerging NFTs marketplace that provides an affiliate program for NFTs, allowing creators and collectors to earn more, by using affiliates to promote and sell their NFTs to a wider audience while paying affiliates on performances. TheFamous, by partnering with existing affiliates can help creators to gain exposure and credibility, making it easier for them to grow and succeed. On the other side, it also provides an opportunity for affiliates to make money from a new vertical (NFTs) while benefiting from the advantages of Web3 such as being able to use a simple crypto wallet like Metamask to be paid, from all over the world, instantly… definitely, an explosive upcoming market…

Fight against Scams Another trend that will be crucial for the crypto and NFT industry in 2023 is the fight against scams. With the increasing popularity of crypto and NFTs, there is a growing number of scams and frauds in the market. By educating individuals about the importance of keeping their assets in a cold wallet and how to identify and avoid scams, businesses can help to build trust and credibility in the market.

A cold wallet is a type of offline storage which makes it harder for hackers to steal assets. I personally use a Ledger device as cold wallet to save my Cryptos and my NFTs, If you want to get one, here the link. (Note: this is an affiliate link and if you make a purchase I maybe earn a commission).

Regarding the crypto market, It is known, for sure, for its volatility and cyclical nature, because it is still relatively new and there is a lot of speculation and hype surrounding it. As a result, the market tends to experience cycles of bullish and bearish trends. In the past, we have seen crypto markets experience significant bull runs, where the prices of cryptocurrencies rise sharply. These bull runs are often driven by increased interest and investment from individuals and institutions. The last bull run in 2017 was driven by the mainstream adoption and attention of Bitcoin, and other crypto-assets.

We know that the crypto market is currently in a bearish trend, following a significant decline in prices in 2022 particularly driven by the last big scandals and bankruptcies (Terra, FTX …). However, some analysts and investors are predicting that the market is due for a bull run in the near future. There are a few reasons why some experts believe that a bull run is imminent. One of the main reasons is the increasing institutional adoption of crypto assets. More and more institutions are starting to invest in crypto assets and the infrastructure is getting better reinforced by the failure of the scams and businesses based on wrong models. Additionally, the rise of NFTs (non-fungible tokens) and other decentralized finance (DeFi) projects is driving interest and investment in the market.

Another factor that could drive a bull run is the increasing use and acceptance of crypto assets as a form of payment. As more businesses and platforms begin to accept crypto as a form of payment, it will become more mainstream and accessible to the general public. A good example is the web3 affiliate program discussed above that allows peoples without bank account to join the growing world of work from home. It is worth noting that, no one can predict the future, and it is always important to do your own research and invest wisely. However, based on the current market conditions and the increasing adoption of crypto assets, it is really possible to see a bull run in the near future.

In conclusion, the crypto market is known for its volatility and cyclical nature, the current bearish trend could give way to a new bull run, driven by institutional adoption, the rise of NFTs, and DeFi projects and the increasing use and acceptance of crypto as a form of payment. However, it's important to always do your own research and invest wisely. At the same time, the NFT industry is likely to also experience significant growth in 2023 as more individuals and businesses begin to see the potential of this technology and invest in it. By focusing on transparency, security, and education, market actors can help to build trust and credibility, making it easier for them to succeed and grow. TheFamous is one of the pioneers in this field. By providing a web3 affiliate program for NFTs, it is offering a way for creators and collectors to earn money by promoting and selling their NFTs to a wider audience, in addition to providing new opportunities to affiliates.

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About the Creator

Fred Saurat

I'm a tech entrepreneur and investor with ventures built in web2 and now web3, since two decades.. I'm also passionate about digital art, street culture, and streetwear,

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