Hacker Noon August 2, 2022
Matthew Kaufmann

Blockchain technology has birthed new technologies, trends, and innovations over the years. Let’s take a look at how some of these innovations are faring in 2022.

NFTs Increasing in Popularity

NFTs continue to grow in popularity in 2022, with global NFT sales crossing over $50 billion, a 200% increase. Non-Fungible Tokens (NFTs) are unique pieces of code that signify ownership of assets they are connected to. They work by using the blockchain to verify the current holder of the token.

NFTs came into the mainstream light in 2021, with the rise of cartoon-like profile picture projects like the Bored Ape Yacht Club. It didn’t take long for digital assets to become a popular way...

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Topics: Blockchain, Metaverse/VR, Technology
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