It’s safe to say that 2021 was a particularly explosive year for the entire cryptocurrency market. It was also one where particularly strong narratives were centered around different segments – a year full of plot changes and various metagames.
, singlehandedly drove tremendous awareness towards what’s unanimously known as the king of memecoins – Dogecoin.might have started out as a joke years ago but is now one of the world’s leading cryptocurrency projects with hundreds of thousands of HODLers and one of the strongest communities. What is more, with the apparent backing of Musk, DOGE will, at some point, be accepted by Tesla for some of its merchandise.
What is more, memecoins became a household name as well as a viable market-placement strategy. The rise of Doge and Shiba showed that there’s a clear product-market fit for coins named after popular dog breeds and many teams started exploring various avenues and creating what many consider to be legitimate business platforms.Non-Fungible Tokens have been at the forefront of the cryptocurrency industry for quite some time now.
From Crypto Punks, Rocks, Bored Apes Yacht Club, Rumble Kongs, and Hashmass to literal numbers written on white backgrounds, NFTs are all over the place. What is even more interesting is that this trend doesn’t seem to slow down at all. While it’s true that retail interest in NFTs has declined, it’s also important to note that these tokens are a cornerstone of our next mention – the metaverse and the play-to-earn model.
Source: News Formal (newsformal.com)
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