Top 5 NFT Technology Trends in 2023

5 min readJun 9, 2023

NFT technology continues to evolve, and in 2023, several key trends are shaping the future of this innovative field. Let’s take a look at five major trends in NFT worth paying attention to.

Background: NFT stands for “Non-Fungible Token.” NFTs are innovative types of blockchain-based digital assets. Unlike cryptocurrencies like Bitcoin or Ethereum, which are interchangeable and identical, NFTs are unique and non-divisible digital assets.

Trend #1: In-Game NFTs

In-Game NFTs, referring to NFTs used in video games, are one of the most intriguing types of non-fungible tokens.

Gaming NFTs have gained popularity and are trending due to the ability to have sole ownership of digital assets, enhanced gaming capabilities, economic potential, and collectible value. Players can buy, sell, and collect unique virtual items, creating their own digital collections and improving their gaming experience.

Examples of In-Game NFTs

CryptoKitties is one of the most popular blockchain-based games where players can collect and breed unique digital NFT cats.

Axie Infinity is a game where players raise, train, and collect virtual creatures known as Axies. Each Axie is a unique NFT with specific characteristics and abilities.

GrabCoin is a game from the GrabCoinClub project with over 30,000 gaming NFTs. To start playing, players need to “dress up” into their game avatar, known as a FiHunter, which interacts with other players in the game based on the chosen economic strategy. The main goal of each FiHunter is to acquire as many GC tokens as possible, which can also be bought or sold on cryptocurrency exchanges.

Trend #2: Metaverse NFTs

Metaverse NFTs are NFTs that are an integral part of metaverses. They play a crucial role in the development of blockchain communities and represent digital assets such as plots of land, buildings, avatars, and other elements through which participants can independently shape their metaverse.

Examples of NFTs for Metaverses

Decentraland is a metaverse where users can create, sell, and buy virtual land and real estate in the form of NFTs. Each plot of land is a unique NFT that can be customized and used for various purposes.

MetaMind is a vast metaverse crafted by the creators of GrabCoinClub. Its rich world is made up of planets and their inhabitants, diverse resources, and advanced robotic technology that FiHunters (players from GrabCoin, the first game in this metaverse) use to explore the wild expanses of the decentralized world.

Trend #3: Artificial Intelligence (AI) NFTs

NFTs created using artificial intelligence (AI) have gained popularity due to their uniqueness, creative potential, and automation capabilities. AI enables the generation of unique artistic works, experimentation with different styles and techniques, and attracts collectors’ attention. Projects like Art AI Gallery, Beeple, and Obvious provide examples of successful AI-generated NFT collections that pique interest and stimulate discussions within the community.

Remark: Wait, Beeple’s NFTs were created using AI?!
Yes, Beeple (Mike Winkelmann) is a renowned artist who often uses software and AI algorithms in his creative processes to generate complex futuristic compositions and visual effects. His works, including NFTs, have received wide recognition and have become in-demand in the art market.

Trend #4: DAO NFT

DAO NFTs offer unique advantages and opportunities for holders. Owning DAO NFTs allows participation in the management and decision-making within a decentralized autonomous organization (DAO).

DAO NFT holders can vote, propose and implement initiatives, determine the project’s direction, and even receive dividends or rewards according to DAO rules. This creates new forms of ownership, governance, and participation in digital ecosystems, and it is undoubtedly a trend among Web3 projects in 2023.

Examples of NFTs participating in DAOs

GrabCoinClub, an innovative Web3 project, has made DAO NFTs one of its main mechanics. To learn more about which collectible NFTs are associated with the DAO and provide unparalleled benefits to their owners, refer to the project’s whitepaper.

Bored Ape Yacht Club (BAYC) is a popular NFT collection that also functions as a DAO. Bored Ape NFT owners have the right to participate in decision-making regarding the project’s future directions and gain access to exclusive benefits and events.

Loot is an NFT collection consisting of randomly generated lists of items that can be used in various games and projects. Owning Loot NFTs grants participants the right to make decisions and participate in the DAO associated with the collection.

Trend #5: PFP (Profile Picture) NFT

PFP (Profile Picture) NFTs are digital avatars that can be used on social networks, forums, and other platforms as profile images. Owning PFP NFTs allows users to express their individuality, status, and belonging to a specific community. That’s why PFP NFTs have made it into our list of top trends in NFTs this year.

Examples of PFP NFTs

Bored Ape Yacht Club (BAYC): As mentioned earlier, Bored Ape Yacht Club offers unique and stylish avatars in NFT format. It consists of 10,000 unique apes in a modern impressionist style. Recently, rappers Eminem and Snoop Dogg released a music video featuring animated apes as their avatars, creating a new buzz around BAYC NFTs.

GrabCoinClub: once again a project launched in 2022 supports the trend of unique self-expression and creates the GrabCoinClub Avatars collection. These 15,555 collectible avatars serve as alter-egos and avatars of GrabCoinClub community members.

These collections have become popular among collectors and NFT enthusiasts, providing them the opportunity to express themselves and participate in the culture of digital avatars.

The top five trends in NFTs in 2023 present exciting opportunities for collectors, artists, and Web3 projects. In-game NFTs explore new frontiers in the gaming world, Metaverse NFTs immerse users in unique digital realms, AI NFTs merge art and technology, DAO NFTs offer new forms of governance and participation in DAOs, and PFP NFTs allow individuals to express their individuality and status in the digital realm.

With the increasing popularity of NFTs and their expanding applications, these trends will continue to attract attention and shape the future of the digital economy and art. We don’t know what amazing possibilities and innovations await us in the future, but one thing is clear: NFTs will remain at the center of attention and continue to inspire us to evolve in this direction.