What will the cryptocurrency market look like in 2027? Here are 5 predictions

One year is not enough time to witness many fundamental changes, but five years is just enough for everything to change. Opinion
The year is 2027. It's a time of great innovation and technological advancement, but also a time of chaos. What will the crypto market look like in 2027? (For those unfamiliar, this is a line from the 2011 video game, Deus Ex.)

Long term predictions are notoriously difficult to make, but they are good thought experiments. A year is too short a period for fundamental changes, but five years is just enough for everything to change.

Here are the most unexpected and outrageous things that could happen in the next five years.
1. The Metaverse Won't Rise
The metaverse is a hot topic, but most people don't even have a clue what it actually includes. The Metaverse is a holistic virtual world that exists permanently (without pauses or resets), operates in real time, accommodates any number of users, has its own economy, is created by the participants themselves, and is characterized by unprecedented interoperability. . A variety of applications could (in theory) be integrated into the metaverse, including games, video conferencing applications, driver licensing services - anything.

This definition clearly shows that the metaverse is not such a new phenomenon. Games and social networks that include most of the features mentioned above have been around for quite some time. Certainly, interoperability is an issue that needs to be addressed seriously. This would have been a very useful feature to be able to easily transfer digital assets between games - or a digital identity - without being tied to a specific platform.

But the metaverse will never be able to meet all the needs. There is no reason to include certain services in the metaverse. Some services will remain isolated due to the reluctance of their operators to cede control.

The "metaverse" is going to happen, but I don't think any of the existing attempts by companies to intentionally create the metaverse are going anywhere.

Crypto Aug 6, 2022 0 122 Add to Reading List

What will the cryptocurrency market look like in 2027? Here are 5 predictions

One year is not enough time to witness many fundamental changes, but five years is just enough for everything to change. What will cryptocurrency market look like in 2027? Here are 5 predictions Opinion

The year is 2027. It's a time of great innovation and technological advancement, but also a time of chaos. What will the crypto market look like in 2027? (For those unfamiliar, this is a line from the 2011 video game, Deus Ex.)

Long term predictions are notoriously difficult to make, but they are good thought experiments. A year is too short a period for fundamental changes, but five years is just enough for everything to change.

Here are the most unexpected and outrageous things that could happen in the next five years.

1. The Metaverse Won't Rise

The metaverse is a hot topic, but most people don't even have a clue what it actually includes. The Metaverse is a holistic virtual world that exists permanently (without pauses or resets), operates in real time, accommodates any number of users, has its own economy, is created by the participants themselves, and is characterized by unprecedented interoperability. . A variety of applications could (in theory) be integrated into the metaverse, including games, video conferencing applications, driver licensing services - anything.

This definition clearly shows that the metaverse is not such a new phenomenon. Games and social networks that include most of the features mentioned above have been around for quite some time. Certainly, interoperability is an issue that needs to be addressed seriously. This would have been a very useful feature to be able to easily transfer digital assets between games - or a digital identity - without being tied to a specific platform.

But the metaverse will never be able to meet all the needs. There is no reason to include certain services in the metaverse. Some services will remain isolated due to the reluctance of their operators to cede control.

The "metaverse" is going to happen, but I don't think any of the existing attempts by companies to intentionally create the metaverse are going anywhere.