Emerging markets in the NFT and Crypto Space to look out for
Everyone knows that the emerging crypto and NFT spaces are evolving faster than ever. More and more people want in on the opportunities of the blockchain market, but many do not know where to start exactly. Today, we are here to tell you everything you should know, and what emerging markets would be worth to consider moving forward. NFTs and cryptocurrency have proved they are here to stay, with abundant opportunities, especially with the Metaverse on the horizon. The question is, what is estimated for the future to come?
Gambling NFTs
The gambling market is huge as it stands right now. However, did you know that gambling markets are looking for unique and exciting ways to engage more of their audience? Horse racing and horse NFTs have become a hype, and with this concept just beginning, many are expecting the opportunities of training their own horse, breeding them, and racing them to be a possibility. Australian betting brands are already hosting gambling opportunities for certain horse racing NFTs. You can find a full list of horse racing odds here, that are already hot on the gambling crypto market.
Gambling sites now are creating their own line of unique NFTs which punters can invest in and seek return opportunities by trading and re-selling them.
Gaming Gets NFTs
NFT assets are being pushed in all angles of the digital space. GameFi is a good example of the momentum in the industry. Axie Infinity is an example of how this initiative lifted up and is very popular. Operating ahead of its time, you will see that this brilliant idea of creating ‘Axies’, provided billions of dollars in investments from their users. Players wanted to use tokens within the game, as a way of striving ahead in game leaderboards, as well as opportunities. Earning as you play is a concept that integrates very well with the NFT space, and with Axie Infinity getting there before anyone else, you can be sure that there is so much more to come, in a given time. It will be a case of waiting and seeing what we think.
Hollywood and NFTs
This probably may sound super worldly, but it is true. With the Blockchain space spreading through most industries, the movie base was bound to happen. Hollywood is a niche filled with countless opportunities. Many experts believe that a killing can be made on top of opening nights in theatres for movies. The way this would work would be as simple as creating a line of limited edition NFTs for each movie franchise to be released. With time these NFTs would become rare and desirable, making the demand rise and ultimately the returns that could be gained from it. While this concept is still under innovation, the idea would fit in really well with Marvel and DC movie franchises, which have a large fan base all over the world. It wouldn’t take much marketing to push these out to the public really.
Retail and Fashion
Yes, you heard that right. With the Metaverse opening doors to multiple opportunities, the next pit stop for most major fashion labels is to expand their fashion lines digitally and a step away from reality. Using the metaverse to tap into virtual reality, users can shop for digital fashion items to dress and style their avatars, in addition to creating some of their own pieces themselves. This concept is already being pushed forward by major models like Bella Hadid, who has her own range of NFTs to sell herself. And guess what? This initiative proved so popular, it sold out in a matter of minutes when going live.
It will only be a matter of time before everything moves towards digital initiatives of NFT assets run on Blockchain. With the decentralised system which rules the financial aspects of cryptocurrency, it's seamless, and has easy access 24/7, to anyone around the world. This is only the beginning.
