The word blockchain is always associated with cryptocurrencies given the fact that digital assets are built with this modern technology. Blockchain ensures maximum safety of crypto transactions by carrying out complex steps in the process, so crypto users don’t have to worry about the safety of their funds. So, it should come as no surprise that the scope of blockchain transcended cryptos and reached various industries such as eCommerce, supply chain, healthcare, finance, and transportation. Currently, we are seeing a new wave in the online world called Web 3.0 that is also based on blockchain technology and it has offered unique possibilities to customers.

Due to its enormous popularity, the blockchain market has experienced massive growth over the last few years, and as of today, its total value is 7 billion dollars. This number is expected to grow even further and reach as high as 164 billion dollars in approximately 5 years as more and more companies are willing to invest in this industry. In this guide, we would like to take a look at the top three Blockchain technology trends which you can follow today and take advantage of their immense benefits!

Emerging Blockchain Trends

As we have noted above, blockchain technology has reached a number of industries and its capabilities have broadened drastically over the last few years. So, it will be hard to stick out only three trends that are active in this market, but we will try to provide the most beneficial ones.

Play-To-Earn NFT Games

For starters, we want to start with the most exciting innovation which includes play-to-earn NFT games. This is an excellent opportunity for gamers to play their favorite games and earn digital assets such as cryptos and NFTs. Given the immense popularity of video games in today’s world, it was necessary to come up with innovative ideas that would connect the blockchain system with them. So, the developers have decided to establish such kinds of games where players have a chance to earn money!

These games are based on different blockchain networks such as Ethereum, Solana, and several others, and keep in mind that most of these products are not available for free. You are required to hold a small amount of NFT or cryptos in order to engage in these games. If you would like to see play2earn NFT games listed and ranked, there are various platforms providing this information and you can check them anytime. It goes without saying that this is a perfect possibility for gamers to do what they enjoy the most and earn a lot of money in the process!

Make Blockchain “Green”

As for the other trends, we want to also point out that recently an initiative has appeared that includes making blockchain “green”. This is because blockchain uses a lot of energy and creates a huge level of carbon emissions, therefore Elon Musk has decided to cease crypto payments for his cars temporarily in 2021. The following year might be the starting point of the campaign that attempts to “greenify” blockchain.

According to some people, this issue should not have been created in the first place, but considering that damage is already done, it is crucial to come up with a solution. One way to do this is by carbon offsetting which might be a pretty effective method in the long run. Another option is to utilize those models of blockchain technology that accumulate less energy such as proof of stake algorithms rather than proof of work. Therefore, Ethereum, which is the second most popular crypto after Bitcoin, is expected to completely switch to a POS model in 2022 for this exact purpose. As you can tell, blockchain users are working hard to contribute to a healthier nature and we have to say that this process will have immense benefits in the end!

Solution For Covid-19 Crisis

Lastly, we would like to point out that one of the main reasons why Blockchain has become so popular over the last two years is because of the emerging pandemic caused by Covid-19. Lockdown was announced to the whole world during this period, so businesses were under serious restrictions as they were forced to completely revamp their working processes and digitize their operations in order to retain their successful functionality. Thus, managers have actively started looking for reliable and high-quality technologies that would ensure maximum safety and speed for their operations, and that’s where blockchain technology appeared and attracted a vast number of manufacturers.

Due to the fact that pretty much every business sector and financial industry started operating online two years ago, it was essential to seek a secure and trustworthy place where they would carry out all the necessary procedures. What’s more, blockchain technology has provided a completely transparent environment for companies, so more and more businesses are trying to acquire this resource on a daily basis. Blockchain will be the best solution for every problem you encounter in the online world!