December 16, 2022, 11:10AM EST
• 5 min read

Competitive Outlook for NFTs in 2023

Quick Take

  • This is a section from The Block Research’s upcoming 2023 Digital Assets Outlook report.
  • Gaming and NFTs are set to become increasingly intertwined as NFT-native brands migrate toward their siloed metaverses.
  • The looming era of austerity could test the resilience of the remaining NFT brands and separate the wheat from the chaff.
  • Driven by major structural changes that have shaken the NFT market, projects would need to reinvent their business models in order to survive.
  • The onslaught of big corporations venturing into NFTs would continue to progress as the gap between the public perception of NFTs and its legitimacy increasingly narrows.

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