Golden Finance reported that Nansen CEO Alex Svanevik shared 6 major narratives for the next crypto cycle:
1. Fintech front-end + encryption back-end. PayPal already has a stablecoin, Revolut allows staking of ETH, and crypto startups like BasedApp already feature fintech products. In the long term, cryptocurrencies will replace the fintech backend.
2. Gambling and betting. The DeFi backend makes gambling and betting more meaningful, relying on capital gains rates to survive rather than suffering interest rate spreads. L2 and account abstraction make applications more accessible to ordinary people.
3. RWA, especially Treasury Bills. This is a continuation of stablecoins, with tokenized treasuries potentially consuming large amounts of the stablecoin supply. It would be surprising if Circle and Tether did not participate.
4. Web3 games. The next 6 months will see the release of games that took more than 2 years of development. Most may fail, and a few may achieve great success.
5. Social Networking. L2 and account abstraction make applications more accessible. It will take several iterations (and forks), but it will persist.
6. Physical NFT. For example, Walmart cooperates with Pudgy Penguins to launch a physical version of NFT.
The market remains optimistic and expects these narratives to play out in the crypto space.
1. Fintech front-end + encryption back-end. PayPal already has a stablecoin, Revolut allows staking of ETH, and crypto startups like BasedApp already feature fintech products. In the long term, cryptocurrencies will replace the fintech backend.
2. Gambling and betting. The DeFi backend makes gambling and betting more meaningful, relying on capital gains rates to survive rather than suffering interest rate spreads. L2 and account abstraction make applications more accessible to ordinary people.
3. RWA, especially Treasury Bills. This is a continuation of stablecoins, with tokenized treasuries potentially consuming large amounts of the stablecoin supply. It would be surprising if Circle and Tether did not participate.
4. Web3 games. The next 6 months will see the release of games that took more than 2 years of development. Most may fail, and a few may achieve great success.
5. Social Networking. L2 and account abstraction make applications more accessible. It will take several iterations (and forks), but it will persist.
6. Physical NFT. For example, Walmart cooperates with Pudgy Penguins to launch a physical version of NFT.
The market remains optimistic and expects these narratives to play out in the crypto space.