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NFTs Will Go Mainstream In 2022

Feb. 07, 2022 6:47 PM ETCOIN, ETH-USD, GME, AXS-USD, IMX-USD8 Comments
Richard Fetyko profile picture
Richard Fetyko


  • NFTs had a breakout 2021 and trends have accelerated again in 2022.
  • Use cases for NFTs are growing, which is likely to drive mainstream adoption.
  • Several publicly traded companies are positioning to catch the NFT gravy train.
  • Cryptonative investors have several ways to play the trend.

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This article was written by

Richard Fetyko profile picture
Mr. Fetyko is a founder and CEO of altFINS, a crypto analysis platform.Mr. Fetyko spent 14 years on Wall Street as an equity research analyst at investment banks like Janney Montgomerry Scott, covering Internet and Tech sectors, and then 7 years as a portfolio manager at a family fund Twin Capital. During his Wall Street career, Mr. Fetyko was ranked among top analysts for his coverage of Internet: Ranked No. 2 by StarMine Analyst Awards in 2010 for ratings performance in Internet Software & Services industry (https://insurancenewsnet.com/oarticle/Merriman-Curhan-Ford-Analyst-Richard-Fetyko-Receives-2010-FT-StarMine-Analys-a-190865) Ranked No. 4 and No. 2 by The Wall Street Journal’s “Best of the Street” Analyst Survey in Advertising and Publishing sector in 2008 and 2007, respectively

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (8)

Nftmanishere profile picture
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ChuckyCheese profile picture
NFT's will increasing be used for money laundering. And street drug dealers will accept them for payments that can be transferred from phone to phone.
Nospheritu profile picture
If all of this is running on Ethereum in some manner, does it not make sense to simply buy ETH instead of making bets on L2 solutions or particular products and marketplaces?
sschimmel profile picture
I jumped into the first football/soccer NFT card trading app. Company is called Fantastec Swap. They have contracts with Arsenal, Laliga(Real Madrid), BVB Borussia Dortmund. Owned by Dapper Labs. Dapper purchased https://www.fantastec.io last year. They own NBA TopShot, UFC, etc.. These NFTs trade off the Flow Blockchain. Remember your Topps trading cards. This is that but on steroids. Good luck if you decide to jump in. We are early and there is huge potential. Pretty exciting.
Patton Pending profile picture
The last time I tried to initiate a transfer on Ethereum, about 3 weeks ago, the quoted gas fee for that single transaction was $850. Somehow, I have to imagine that that is going to present an impediment to adoption anytime soon. Yes, I am aware of level 2 solutions, and all that other vaporware, I’ve been in the defi space for a very long time.

It looked for a while like enough Thays might actually see some adoption in the gaming space. Now look at how leading platform Axie Infinity’s tokens have done in the last few months, with $SLP hitting a new all time low within the last two weeks.

Perhaps if I see an NFT opportunity without the words “collectible” or commemorative” attached anywhere to it, I might begin to believe that they are providing some real world value. Until then, though, you’re talking about hoping to make money trading the equivalent of Franklin Mint collectibles… Except without even owning a persistent collectible, just an address that at the time you bought it said where it was, with no guarantee that it will still even be there next week. And sure enough, this has been an actual problem in the NFT space, with NF tees actually simply disappearing sometime after purchase. Yes, the Blockchain still always holds the record of your purchase, that’s true. But that’s all it holds. The item pointed to, itself, is not what you own and could be gone tomorrow and there’s nothing you can do about it. You could be left holding the receipt, pointing to it and saying, “it was mine! It really was, I have the receipt!”

This is the decentralized equivalent of “star naming registry” scams or Scottish land scams. You’re not actually getting anything for your money. And at up to 100s of dollars fee per transaction, I strongly doubt how much money is going to be changing hands.
ngtenor profile picture
@Patton Pending Tokens will go mainstream on Hedera. $0.001 per token transfer. No scalability issues, so many will set up shop there in order to be future-proof. Their code is now all open-source, so should attract considerable interest this year.
Tellurium128 profile picture
Thanks for a good laugh. Yes, any day now, mom and pop mainstream investors will be lining up to fork out half a million dollars on the latest poorly pixelated bored ape cartoon NFT. At that price they are such good value, why not buy three.
sschimmel profile picture
@Tellurium128 they are not all crap cartoons. Flow Blockchain is going to be huge. It uses real sports moments. It also does not have outrageous gas fees.
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