7 Metaverse Predictions for 2022
The emergence of the new coronavirus mutant strain has shattered people’s hopes for a return to “normal” life. The Metaverse, born during the pandemic, became a hot topic last year. Looking ahead to 2022, will the metaverse accelerate?
① Blockchain will explode
After early trials in 2021, 2022 will mark the real massive embrace and use of blockchain by creators. The evolution of Web 3.0 will usher in a whole new world where creators can directly reach their audiences and monetize their content with intellectual property, just as the iPhone ushered in a mobile-centric world 15 years ago. In the process, developers will be able to slightly undercut big tech platforms like Facebook, YouTube, and Apple.
②The music market will maintain double-digit growth
NFT helps creators increase revenue and raise financing. Digital artist Beeple’s NFT work “Every Day: The First 5,000 Days” was auctioned for a high price of $69 million, which is still talked about by people in the circle. The fan group uses NFT to pay the creator directly,There is no need to go through an intermediary platform, enabling creators to earn higher income. In addition, creators can also expand financing by selling NFTs. Active transactions have driven the hot development of the related application market; it is expected that the music market will continue to maintain double-digit growth in 2022, driven by factors such as NFT and Metaverse.
③The big American technology companies will be put under the spell
20 Chain and related new decentralized social platforms, Meta, Google, Apple and Amazon, face a bigger threat that multinational governments may take major action against tech giants. Meta’s CEO Mark Zuckerberg bears the brunt. For example, the U.S. government has asked the company to abandon the development of a children’s version of Instagram , and may also formulate some rules to limit Meta’s uncontrolled AI algorithm advertising. French data watchdog CNIL will fine Google 150 million euros and Facebook 60 million euros, respectively, for breaching the EU privacy rules. According to incomplete statistics, due to personal data protection issues, American multinational technology giants have received several sky-high fines in the EU, with a total of over 1 billion euros. And recently, the U.S. Senate Judiciary Committee approved an antitrust bill targeting tech giants called the American Innovation and Online Choice Act. A slew of fines and legislation point to increasingly tougher regulation of U.S. tech giants.
④Apple allows more people to experience the metaverse
In the face of threats,Facebook chose to change its name to Meta, which is probably useless. The real innovation might be Apple. Apple has launched a very good AirPods series of wearable devices, and it is expected that Apple will further integrate tiny cameras into higher-end AirPods to achieve a visual experience and allow more users to feel the metaverse. Apple’s Metaverse devices will drive innovation.
⑤Game + Crossover = Metaverse Magic
In the metaverse, games continue to lead other entertainment products because of their large user base, which will attract more artists or creators to come Go to the Metaverse to “suck fans”. American singer Travis Scott entered the metaverse in 2020 through the game “ Fortnite “, attracting 50 million viewers. Ariana Grande broke that record last year. The combination of games and music will become even tighter in 2022 as music licensing for games becomes a huge new revenue stream.
⑥Playing games will earn income
The media and technology business model will continue to undergo essential changes. Already seeing a shift from single transactions to recurring revenue based on subscription and bundled services such as Amazon Prime, Apple One, Disney+, this model will accelerate in 2022. In terms of games, because of the existence of blockchain, games can no longer attract players by being free, but become a business model of “playing games to make money”.
⑦Disney will beat Netflix
As Disney starts spending more on original movies, Disney+ will grow faster than Netflix and start closing the gap in paid membership worldwide. Disney has the trump card that Netflix doesn’t have, which is a lot of priceless classic quality content, such as Star Wars, Marvel, Pixar, Avengers and Disney Princess series. Imagine Disney creating NFTs with these classic content? This will undoubtedly drive growth in subscriptions and memberships. Additionally, more media production companies in the industry are expected to be acquired in 2022.
Pacific is a decentralized NFT marketplace and an integrated platform for metaverse/GameFi assets. The project has received endorsement from some of the most eminent institutions and investors, including the Web3.0 Foundation, NGC, Gate.io, Krypital Group, PAKA, Candaq etc.