Welcome to this week’s Digital Bytes. This week we have analysis on the following topics:

Are NFTs going to wither, or are they set to flourish? - there is no denying that non-fungible tokens (NFTs), which were once the forte of individuals seeking a fast way to riches, have taken a hit in recent times. Market conditions plummeted, scams and hacks became frequent and low-quality projects increased in number, thus raising questions about the value of NFTs and their actual place in Web3. However, are we going to see NFTs more as a ‘digital certificate’ - that is, holding unique data about our homes, cars, medical data, etc? And will NFTs transform from being acquired for speculation purposes to having a utility, whereby making our day to day lives more efficient and easier?

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Blockchain technology’s adoption slowly gathering speed - blockchains are more than just a facilitator for crypto and NFTs; they are being used in many industries in various countries around the world. While some blockchain projects have been stopped, many more are helping to bring greater transparency and efficiency to systems and processes globally. The value of the blockchain market is set to expand to over $1.4trillion by 2030, which will certainly require considerable capital and expertise if this is to be achieved.

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Web 3.0 business models - future developments in Web 3.0 will have implications well beyond the realm of virtual currency. Web 3.0 will use fast machine-learning algorithms to connect data from people, organisations and machines in a secure way, leading to the creation of entirely new markets and business models made possible by the increased depth and breadth of interactions. Web 3.0 will have an undeniable influence in the future yet, still, the issue remains: which business models can solve the puzzle and give long-term, sustainable value in the current economic climate?

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M&A trends in the digital assets space - digital assets have attracted significant interest in recent years and are moving ever more into the mainstream financial system. This, in turn, has stimulated M&A activity as strategic acquirers and financial sponsors alike seek to capitalise on the commercial opportunities digital assets present. This article explores some of the key themes and trends driving M&A deals in the digital assets space.

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