2022 has been a difficult year for blockchain and Web 3.0. Because Black his swan was haunted by events such as the crash of Terra-LUNA, the collapse of the cryptocurrency exchange FTX, and the subsequent downfall of founder Sam Bankman his Freed. We celebrated industry figures just a few months ago.
Forst We spoke with cryptocurrency industry experts to explore the possibilities of blockchain technology and discuss blockchain trends for 2023.
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Traditional Companies Adopting Web3 Could End Crypto Winter
- “In 2022, we have seen many Web2 companies accept crypto payments and add blockchain innovations like NFTs (non-fungible tokens) to their services … This means more people will be interested in blockchain. It’s a trend that will continue to grow as we become more aware of the technology,” said Alex Onufriychuk. The head of growth for his Corite platform, a blockchain-based music crowdfunding platform, said:.
- “The key to the next ‘crypto summer’ is mass adoption of Web3 elements by traditional Web2 companies. As this transition accelerates, more attention will be paid to designing interfaces and experiences that are more intuitive for the average user,” he said.
- “Adoption starts with three main components: simplicity, security, and applicability. The ability of people to combine what they used to do with something new is what will define future blockchain trends,” said the founder of his xDAO, a multi-chain decentralized autonomous organization (DAO) builder. said Vlad Shavlidze, CEO and CEO.
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- “[We expect to see] Slava Demchuk, CEO of AMLBot and Compliance Protocol PureFi, said:
- “Integration of sanctioned DeFi protocols within the backend of traditional banking systems [is necessary] To offer our customers a more attractive and trustless alternative to their current financial services,” said Demchuk.
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Games Drive Mass Crypto Adoption
- “Games will be the main driving force [of mass adoption], and more generally, blockchain culture represented by different types of NFTs. Animoca Brands co-founder and executive chairman Yat Siu said:.
- “We’re going to see a big wave of high-quality games emerge on the market, which will basically bring more adoption. That’s why we should expect hundreds of millions of users to enter this space for that reason.
- “Gaming [will grow], probably on Polygon, but could be anywhere but Ethereum. There has been a tremendous amount of investment in gaming companies in the last year or two. Gamers come first from Asia and eventually from a more hesitant North American audience.
- “Gamers are already familiar with many online transactions using digital currency and are ready to participate in blockchain-based games. The market is already very large, with over 2.5 billion video game players. The potential for blockchain gaming growth is enormous because it exists, said Saro McKenna, co-founder and CEO of play-to-earn game Alien Worlds..
- “With both gaming and metaverse applications following rapid growth curves, we expect cryptocurrency user numbers to continue to grow in 2023 despite the ongoing crypto winter.” said McKenna.
- “Gaming is likely to be one of the next areas to innovate things,” said Rex Sokolin, head economist at Ethereum software company ConsenSys.
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DAO can reach its full potential
- “DAO will probably be the most important development trend in 2023… [Alien Worlds’] DAO-based elections to planetary councils allow players to be elected to governing councils, play a role in decision-making, and oversee the spending of Treasury funds… new opportunities of this kind already exist in We’re starting to raise the bar in our user community around the world,” said McKenna.
- “In 2023, new models of governance and collective financial management will be the focus as DAOs provide a way to address the current problems of centralization and lack of transparency in the cryptocurrency industry. will gravitate toward DAOs for increased accountability and transparency,” said xDAO’s Shavlidze.
- “In terms of applications, we may see growth in tools that enable DAOs to produce useful economic goods. This includes financial tools for payroll, governance management platforms, and other on-chain collaboration software. ,” says Sokolin.
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NFT gains more base
- “[Next year, I expect] A more advanced revenue model for creators, beyond mandatory royalties in the secondary market for digital assets, especially non-art [and] The rise of a broader digital asset class, almost exclusively tokenized as NFTs rather than fungible counterparts,” said Wasinger of CryptoSlam.
- “In the coming years, we should expect to see luminaries from multiple industries join the movement.. For example, mainstream social media platforms and AAA game studios are already experimenting with using NFTs,” Corite’s Onufriychuk said.
- “Various kinds of applications will be invented for NFTs. It’s the next version of Lego bricks,” said Gary Liu, founder and CEO of Artifact Labs, a company focused on historic non-fungible tokens. .
- “The originally digital economy is beginning to emerge, and digital commodities like NFTs will continue to evolve. Just as the internet has changed from flat websites to interactive cloud software, tokens can move from flat digital commodities to more interactive commodities. We haven’t seen generative AI interact meaningfully with Web3, but I suspect the technology will find promising overlaps.” said Sokolin of ConsenSys.
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