2023 Will Be the Year of Dapps

Decentralized applications are the future. Now we’ve reached a point where the decentralized world of crypto has grown big enough for the focus to be on application. This is why 2023 will be the year of dapps. Read more here.

2022 has been quite a year for crypto. Crypto has been the talk of the town, and this has been the year where it has segmented itself as a part of public awareness. Many things have happened to make people question whether the world of crypto and DeFi is the future, but despite the issues with security and crashes of coins and exchanges, crypto has managed to still be relevant. There are many reasons for this, one of them being the massive potential of blockchain, another one being the massive improvements to the infrastructure options. Now, we will see an increased focus on applications which is exactly why 2023 will be the year of dapps. 

Blockchain gaming is changing the future

So, where to begin with all of this? One of the areas where applications have been broadly implemented already is in the gaming world. We’re seeing massive interest in play-to-earn games and crypto gambling. In the beginning, it was mostly bitcoin, but today there are also plenty of casinos that accept Stellar. This is a clear indication of the popularity of blockchain gaming. The crypto element is taking online gaming to new heights – whether that’s video games, NFT games, or crypto gambling.
It’s creating new ways of gaming and completely new possibilities to earn and trade different types of assets by gaming online. Many gamers now have the possibility to make somewhat of a living from being talented at online gaming. This is appealing to many players and the focus will now be to further advance gaming using these new technologies in 2023.

Graphic representation of two mobile phone sitting one on top of the other with applications opened on their screens

Advanced online identity authentication 

Another aspect where we’re already seeing the potential of blockchain applied is identity and ownership authentication. Blockchain makes it possible to create portable digital identities (DID). This allows a user to transfer assets and information safely and easily via blockchain technology. Applications will take DIDs to new levels, which will provide scalability and enhanced data security. Now that the infrastructure is available, it’s possible to build dapps that will make it easier than ever to use one’s identity online and verify information safely and with ease. It’s not only DIDs but the entire technology behind NFTs that’s changing the way we will be able to utilize decentralized technologies of all kinds. 

There is no doubt that 2023 will be the year where we’ll be discussing the opportunities of decentralized applications. It will be interesting to see whether developers will be able to add these solutions to existing Web2 apps that are already widely used. It would make it possible to use decentralization and tokenization for improved utilities that are already popular. Another possibility is focused dapps that are developed from the start using decentralized technologies.