According to the speculations of Web3 industry observers and experts, the new year will see a lot of transitions in the functioning of the Web3 world. The fact that some major crypto-oriented projects not only performed poorly but ended up crashing in 2022 is the main reason this theory is circulating. Without also undermining the fact that due to these unfortunate and negative occurrences, the overall effect on the Web was very detrimental.

All said and done, the light at the end of the tunnel still seems to be shining as without a doubt, constant technological improvements and upgrades are being made and carried out all the time. However, as a precautionary measure, the year 2023 should be approached with much more concern regarding all the supposed risk factors and the corresponding due analyzes and studies. In terms of Web3, they are confident heading into the new year as the overall planning seems to be in place. This is related to building online places that you will own and also with the help of various advanced technologies such as blockchain, cryptocurrency, NFT and DAO.

Radical changes are expected in various aspects. One of them is the game. With the rise of blockchain in gaming, there will surely be more transparency. There is also expected to be an increase in Play-to Earn games. Overall, the online gaming market will experience upward momentum. In NFT matters, there was apparently a downturn in 2022. However, this will actually turn out to be a blessing as the developers will find it necessary to provide more attractions to attract the crowds.

In the case of DAOs, their full capabilities have been underutilized as of now. This too will prove to be an area to be worked on aggressively. As far as GameFi or the metaverse goes, in all likelihood, it started from NFT. However, this helps in providing a higher flow of money which, in turn, greatly benefits the users. Furthermore, this also becomes an important factor for further work. Regenerative finance (ReFi) will also become an area that concerned experts and developers will focus on in 2023.