As was the case with NBA 2K21, NBA 2K22 will feature cross-progression in MyTEAM within the same console family. In other words, if you have the game on PS4 and PS5 or X1 and XSX/S, everything carries over between both platforms. It doesn't have any benefit if you're only getting the game on one platform, but in the event that you get the game on the Current Gen consoles and then upgrade to Next Gen, your card collection, MT, Tokens, etc will all carry over.
This won't be the case with MyCAREER once again, but the VC wallet will likewise be shared between the two versions if you have them. Again, the main benefit here would be carrying over VC that's been earned/purchased on Current Gen into the Next Gen version for immediate upgrades/pack purchases. It works the other way too, but I'm guessing fewer people will be doing that.