The crypto industry is undergoing a much-needed overhaul. A series of collapses has urged investors to rethink where they park their money. Industry experts believe that the shift of focus from hype to utility will help the market regain its foothold in 2023.

Macroeconomic Forces Favor Crypto

The global economy is awaiting a broad-based slowdown in 2023, according to an article published by the IMF.org blog in October. Persistent inflation, mass lay-offs, and the energy crisis caused by the Russian-Ukraine war continue to incarcerate the post-pandemic economic wounds. Growth projections for the US, China, and the euro area – the three largest economies – look grim, as a result.

Waning confidence in centralized financial services and the continuous let-downs from traditional markets will channel funds to a utility-centric crypto market. Listed below are three sectors that will be at the forefront of a crypto revival in 2023.

Green Projects that Make Tangible Contributions to Climate Action

There was a time when cryptocurrencies and NFTs were under attack for their large carbon footprint. The criticisms were well-founded owing to the energy-intensive consensus mechanisms that were in use. Things have changed a lot in the last two years. The industry is moving to energy-efficient solutions that mitigate its environmental impact.

For example, Ethereum Merge has slashed the electricity consumption of the network by an impressive 99.988%. While the industry’s shift to a greener, cleaner path is optimistic, projects like IMPT prove that Web3 is capable of more.

IMPT presale is the latest crypto event to draw interest from both the crypto and non-crypto sides of the world. Judging by the fast-paced progress of the presale, the tokens will sell out before the scheduled deadline. IMPT’s ambitious vision and realistic roadmap dedicated to climate action cater to the success of the presale amid the macro market downturn.

IMPT presale status, 16 Nov 2022

IMPT hosts a large Web3 ecosystem that connects credible environmental projects with socially-responsible businesses and individuals who want to reduce their carbon footprint. The flagship product from IMPT is a blockchain-based carbon credit marketplace open to both mandatory and voluntary users.

Interestingly, the IMPT marketplace distributes carbon credits as NFTs. Blockchain tokenization goes a long way in reducing double spending common in the industry. The focus on usability and engagement is another factor that sets apart IMPT.

The project integrates carbon offsetting into everyday shopping through the IMPT store. A long list of global retailers has already partnered with IMPT on the green mission. They will allocate a portion of their sales margin, as they desire, to the program.

Every time a user purchases a product from these platforms via the IMPT application, they will be rewarded with IMPT tokens. The tokens can be converted into carbon credits once they accrue to a sizeable amount.

While the crypto market has seen plenty of green projects in the past, most have failed to take off due to poor incentivization. Although staking reward systems are widely in use, they prove to be incompetent once the token loses potency. IMPT solves the problem through a social platform that tracks the contribution of individuals and businesses to climate action through a new scoring system.

IMPT’s vision is not pioneering – in crypto or traditional markets. The execution is. And that makes all the difference. If the roadmap unfolds as planned, IMPT has the potential to climb anywhere from 10X to 30X early next year. Eco-sustainability projects like Algorand, Chia, Earthling, and KlimaDAO also have hopes of recovery if they manage to fuel more engagement in the community.

Buy IMPT Now

Play-to-Earn Games Where Gameplay Takes Precedence

Play-to-earn games account for a large share of blockchain use. However, blockchain games still have a long way to go when it comes to achieving mainstream adoption. The lack of focus on gameplay and quality stands in the way of their long-term growth. Luckily, things have changed a lot in 2022.

Projects like Silks, Calvaria, and RobotEra feature gripping themes and storylines that raise the industry’s bar. They have the potential to bring traditional gamers on board in the coming years and, in turn, reward early investors lucratively.

Silks is a derivative gaming metaverse that brings the thrill of thoroughbred horse racing to Web3. It hosts a vibrant economy with gamified business models, opening up a wide range of income opportunities for users.

Silks Horses track stats of their real-world counterparts on blockchain

At the heart of the Silks metaverse is Silks Horses, which track the bloodline and performance history of their real-world counterparts on the blockchain. The tokenized unique digital collectibles are touted as one of the best NFT investments of this year owing to their rarity and derivative value. Here are some of their key features:

• Every time a thoroughbred racehorse wins a race or breeds offspring, the owner of the corresponding Silks Horse earns rewards.
• Silks Horses can be stabled on a farm to earn a share of collective racing rewards. It not only increases profitability, but also mitigates the risk of racehorse ownership.
• Pinhooking is another interesting method to earn returns from Silks Horse ownership. Here you buy Silks Horses and sell them ahead of their first race, cashing in on a price rise.

The Silks metaverse also offers NFTs like Land, Stable, and Racehorse Farms, which are central to the derivative economy.

Only users who hold Silks Avatars can mint Silks Horses, which are currently being sold at the 2022 Genesis Yearling Sale. Genesis Silks Avatars, one of the top sports NFTs on OpenSea, represent your unique identity in the fantasy sports metaverse. The few remaining Genesis Silks Avatars are available for minting on the official website at just 0.25 ETH. Both Silks Horses and Silks Avatars hold large potential for growth in the coming months as the game rolls out.

Buy a Silks Avatar

Calvaria is another interesting project that has become a rage in the crypto play-to-earn community. The emerging battle card game is predicted to outperform Gods Unchained and Alien Worlds in 2023. Let’s see why.

Calvaria: Duels of Eternity

Calvaria is themed around the afterlife, which opens a lot of creative possibilities in storyline and gameplay. The game is taken forward by NFTs that represent striking characters. Each character will have a unique set of abilities that allow you to devise complex strategies and battle your opponents in exchange for rewards and various upgrades.

Duels of Eternity, the primary game from Calvaria, is currently in development. The alpha version of the game is scheduled to go live early next year. The key feature of Calvaria is its low entry barrier, as the game comes in both free-to-play and play-to-earn versions.

Anyone can download the free-to-play version and get acquainted with the gaming mechanics. If they wish to monetize their gaming skills, they can move to the play-to-earn version. That’s the concept. The ease of access and gripping game mechanics make Calvaria one of the top blockchain games to keep an eye on next year.

The ongoing Calvaria presale gives the most profitable entry to the project. As a result, investors and prospective gamers are stocking up on RIA tokens, taking the presale to the end of the 4th stage ahead of schedule.

Join Calvaria Presale

If you’re a fan of The Sandbox, something bigger is awaiting you in 2023. RobotEra is an immersive metaverse themed around futuristic robots that takes inspiration from The Sandbox. The builder game allows you to buy virtual plots in the metaverse, build virtual real estate on them using the resources provided by the platform, and then monetize them.

It also allows you to create companion virtual robots and build your own games with absolutely no coding skills or experience. The metaverse will host concerts, museums, nightclubs, casinos, and salons, fueling engagement and drawing the interest of traditional gamers.

The ecosystem is powered by $TARO tokens, currently in the presale stage. The fact that the presale is targeting a relatively low market cap also makes $TARO a compelling buy in the bear market. The token is predicted to hit the $1B club by the end of next year.

Buy TARO Now

Utility Projects with High Market Relevance

The next category of projects that have the highest growth potential next year will be set apart by their efficient use of blockchain innovation. A brilliant example is Trust Wallet. The project, powered by TWT tokens, is moving ahead in contrast to the rest of the market due to its market relevance.

Trust Wallet is a mobile-based cryptocurrency wallet that supports 4.5M+ assets across 65 blockchains. TWT has recorded a 71.30% uptick on the weekly charts as investors flee exchanges amid the FTX collapse.

Dash 2 Trade dashboard

The recent crypto crash also underlines the importance of crypto analytics platforms like Dash 2 Trade that cater to both seasoned and novice user bases. That also explains why the D2T presale is moving ahead at a fast pace, disregarding the general downturn. The platform helps users get better insight into the market through relevant data points.

• Unique social indicators
• Strategy builder and back-tester
• Custom-made scoring system for presales and ICOs
• Independent technical indicators
• Auto trading API
• Risk profiler
• Presale listing alerts
• On-chain analytics
• Social trading