John Wu, President of Ava Labs, has five predictions for the crypto and blockchain industry as we approach EOY:
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Stablecoin product-market fit will be established. Stablecoin settlements/payments will exceed annual Visa volumes.
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Web3 gaming has its first mainstream hit. Triple AAA publishers and old-school games will all build web 3.0 games enabled by blockchains. A breakout hit will see a nine-digit user base globally.
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Bitcoin ETF will be approved and Bitcoin marketcap will increase 50% in 2024.
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NFTs will be redefined and resurge with utility- not exist just as a collectible. Real-world applications such as customer engagement strategies will demonstrate more clear use cases. i.e loyalty programs.
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AI will make Web3 more secure, and vice versa. Large Language Models are perfect for reviewing smart contracts and other vital code to ensure would-be exploits are stopped before they start. DeFi hacks and smart contracts exploits will become rare.