What will be the next big thing in 2023? Crypto predictions with Miko Matsumura

29.11.2022 | 4 min read

Many people are wondering if and when the current bear market will end. On the other hand, users, founders, and builders that are truly committed to crypto see the present moment as the prime time of creation. We pondered this question with Miko Matsumura, the investor who backed OpenSea, and tried to predict what the next big thing in crypto might be.

Why OpenSea is so big

Aside from Bitcoin's all-time high, OpenSea was one of the shining examples of the potential of the cryptocurrency market. If you recall, OpenSea is the biggest NFT marketplace and was formerly the priciest startup in the decentralized world. It was designed to be a decentralized exchange for digital assets. Artwork, in-game objects, and other blockchain-based assets are just a few of the many types of valuable goods offered for sale on the platform.

On top of that, OpenSea has a robust infrastructure that revolutionizes the way we use and share digital assets. The platform have made digital assets more accessible to the general public and foster a more equitable economy, allowing people from all walks of life to take part in the market. To top it all off, OpenSea's development team is always thinking of new ways to enhance the service and provide a more satisfying experience for users.

This explains why the price of OpenSea skyrocketed. In January 2022, the marketplace claimed to be worth $13.3bn. According to TechCrunch, the new OpenSea value seems inexpensive relative to its previous fundamentals, but is somewhat pricey given its volatile market.

What can be bigger than OpenSea?

Indeed, OpenSea's future is promising, and the platform's adoption and use will probably increase over time. Other NFT market giants, however, have insatiable appetites for changing the industry. SuperRare is one of them.The Ethereum blockchain-based network caters solely to unique works of digital art, making it exclusive and limited to a select group of creators.

Rarible is another intriguing community-based NFT marketplace that focuses on NFT cultural sectors like music, art, books, etc., and has 1.6 million users and a trade volume of 274 million.

The Binance NFT Marketplace is notable since it was developed by the largest cryptocurrency trading platform in the world, Binance. It uses the Binance smart chain and allows trading of all NFT collections. The platform's extensive global user base is undoubtedly one of its greatest strengths.

The next big thing outside of NFTs

However, NFT marketplaces aren't the only thing that will decide crypto's fate. Miko Matusumura, general partner at gCC Gumi Cryptos Capital and investor in OpenSea, Celsius Network, and 1Inch Network, believes the actual potential of blockchain technology rests in the gaming industry.

"Although we anticipate significant growth in the gaming industry, we predict that retail financial services will not experience a comparable amount of growth since consumers have become wary of and less enthusiastic about these services. We don't believe that end users are driving web-free gaming; rather, we believe that developers are eliminating the publisher intermediary by going directly to consumers with web3. We think this Revolution is happening at an industry level, and we believe that the pain is being felt by gamers," said Miko Matsumura.

Why blockchain clould be good for gaming

According to Limelight's state of gamin 2021 poll, regular video game players spend close to eight and a half hours per week in front of their screens. In addition, developers have been able to revolutionize the gaming experience through the usage of live streaming and virtual reality.

The most popular games cost money to play. Transactions on blockchain can be an easy and worthwile means to get involved. Also, the vast majority of players are keen on spending their money on virtual goods. But this requires trustworthy marketplaces on which players will be able to trade and transact in-game cash money.

For the purpose of keeping crypto token transactions secure, blockchain platforms employ robust data encryption methods like the private key-public key. It is difficult to break various kinds of data encryption using today's computing capabilities.

Open lines of communication between players and creators are just one way in which blockchain technology is revolutionizing the gaming business. This is feasible due to the bottom-up nature of blockchain app development rather than the traditional top-down approach.

To sum up, Blockchain has several applications in the gaming sector. Crypto games have the ability to safeguard data in preexisting processes, such as recording game outcomes and bettor identities in an immutable ledger. On the other hand, it can be used to build "decentralized" game systems that are independent of any single operator.

Looking for a team to help you set up an Ethereum project?

Get in touch with our Head of Sales, Dennis Van Der Vecht, for a free blockchain consultation at dennis.vandervecht@10clouds.com or +48 793 200 141.

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