Partners at Andreessen Horowitz (a16z) have predicted a new era of decentralization, the unification of artificial intelligence and blockchain, and the development of the non-fungible token (NFT) sector in 2024.
Just a few things we’re excited for in crypto (2024):
→ Entering a new era of decentralization
→ Resetting the UX of the future
→The rise of the modular tech stack
→ AI + blockchains come together
→ Play to earn becomes play and earn
→When AI becomes the gamemaker,… pic.twitter.com/fiL4Eahwuy
— a16z crypto (@a16zcrypto) December 6, 2023
A new era of decentralization
In their forecast, experts emphasized the importance of decentralization. According to them, it helps create reliable infrastructure, promotes competition and diversity of ecosystems, and gives users the right to choose.
Changes in UX
The fund’s partners believe that user experience (UX) trends in the cryptocurrency space have remained virtually unchanged since 2016. However, developers are actively testing and deploying new tools that can change the UX. This includes access keys that make it easier to log into apps and websites, smart accounts, in-app crypto wallets, and remote procedure call (RPC) technologies that can recognize user wants and needs.
Combining Blockchains with AI
Experts believe that with the help of cryptography, everyone can contribute to the development of AI and make it more accessible. However, it is necessary to find ways to decentralize generative AI and control it democratically, so that no one participant has the right to decide for everyone else, experts noted.
NFTs will become an integral part of the brand
As a16z partners stated, many well-known companies offer digital products to the mass consumer. As an example, they cited Starbucks with a gamified loyalty program, NFT collections from Nike and Reddit.
In addition, experts predicted the further development of Play-to-Earn games and modular technology stacks in 2024.
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.