Been asked about crypto going forward. Below are 6 themes I think will play a role in the next cycle.
1/ Fintech frontend + crypto backend.
PayPal already has a stablecoin. Revolut lets you stake ETH. And crypto startups like @basedappHQ already feel like fintech products. Long-term, crypto replaces the backends for fintech.
2/ Gambling and betting.
Just makes a lot more sense with a DeFi backend. Instead of house taking a spread, it can live off the yields on capital. L2s and account abstraction make apps more accessible to normies. @LooksRare launched Yolo. @rollbitcom @PoolTogether_ etc.
3/ RWAs - specifically T-bills.
The continuation of the stablecoin arc. @superstatefunds @MountainUSDM @OpenEden_Labs and others will be prominent in 2024. Tokenized T-bills may actually eat a lot of stablecoin supply! Would be surprised if @circle @Tether_to don’t move here.
4/ Web3 gaming.
Yep been saying this for a while. But in the next 6 months we’ll see games launch after 2+ years of building. Most will fail; a handful could become massive successes. I’m backing @playSIPHER @MixMobOrigin and of course @AxieInfinity.
5/ SocialFi.
Another unsurprising entry. But you only need to look onchain to see @friendtech having real usage. Again L2s and account abstraction make these apps more accessible. It’ll take a few iterations (and forks) but I think this is here to stay.656712.7K
6/ Physical NFTs.
Our lord and savior @LucaNetz has shown us the path to Walmart. Companies like @iyk_app will help others experiment and win.327313K