Bonus: Kenny Schachter’s 10 Daring NFT—and Crypto—Predictions for 2022
Our columnist has some visions of the near future to share.
NFTs will be big. Ha, I’m hilarious—ok, bigger to the extent the NFT market will more than double, encroaching the traditional art market even further before ultimately overtaking it altogether in a year or two. By the way, after recent Melania, Pepsi, and Budweiser drops, I may have no recourse but to jump ship and join the hater squad. (By the way, OpenSea just hit a new record as of last week when trading exceeded $3.5 billion.)
There STILL won’t be an environmentally sound ETH2.
But neither will anything come close to replacing ETH1.
My Crypto Mutts discord group will stage a mutiny and throw me out on my ass.
Larry G. will mint an NFT. I know, I know… he won’t, but it would be funny if he did. So, I minted one for him
The crypto world will have to learn to live with the six letters they most dread: AML (Anti-Money Laundering laws) and KYC (Know Your Client rules).
There will never be a platform to buy consistently good NFTs. In other words, it will be a mirror image of today’s gallery world.
Nothing will ever surpass the idiocy of the series of puerile profile-pic NFTs called Cryppos. (They are hippos, get it?)
More is less: no one will give a rat’s ass about 1:1 art NFTs and will continue to buy ginormous editions in an effort to invest in securities-like substitutes with pictures replacing stock certificates to instantly flip for incremental gains.
Art will ONLY be immersive experiential blockbusters in the coming year. Yes, that’s not true either, but the whole immersive art craze isn’t going away in the same way NFTs aren’t going to disappear anytime soon, to the chagrin of many.
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