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    Crypto and Web3 Outlook 2024: Innovations in User Experience Driving Adoption

    January 19, 2024Updated:January 19, 2024No Comments13 Mins Read

    The trend that will shape the crypto and Web 3 space in
    2024 is the role of AI as a game maker, which is the concept of using AI to
    generate, design, and develop games. It can provide various advantages for game-making, such as speed, scale, and diversity. In this second part of my predictions for crypto and Web 3 in 2024, I will delve into an in-depth analysis of crypto and Web 3.

    The first part of the series discussed user experience in relation to the adoption of crypto, and the role of AI.

    AI can also create games faster than human developers, as it
    can automate the processes of coding, testing, and debugging. This allows games
    at a larger scale than human developers, as it can produce infinite variations,
    combinations, and permutations of game elements, such as rules, mechanics,
    levels, or genres. Thus bringing in more diversity than human developers, as it
    can generate novel, original, and surprising game elements, such as themes,
    stories, characters, or aesthetics.

    Just a few months back, I was exploring different AI game
    generators
    from G3D.ai, GPTGame.app to Scenario.com. Honest speaking, some of
    these work very well. Games can be created with more adaptability than human
    developers, as it can adjust the game difficulty, content, and feedback based
    on the player’s preferences, skills, and behaviors.

    Keep Reading

    Therefore, in 2024, I predict that we will see a significant
    improvement in formal verification thanks to several factors:

    • Easier
      access
      : The first factor that will improve the formal verification is easier access, which is the concept of making the formal verification
      more available and accessible for the crypto and Web3 community, by
      lowering the barriers of entry, such as skills, tools, and languages.
      Easier access involves various methods, such as education, documentation,
      and tutorials, that can teach and train the developers, users, and
      auditors on the basics, principles, and practices of formal
      verification.

      Easier access also involves various solutions, such as
      frameworks, libraries, and templates, that can provide and support the
      developers, users, and auditors, with the necessary tools, languages, and
      resources, to perform formal verification. Easier access also involves
      various incentives, such as grants, bounties, and competitions, that can
      motivate and reward the developers, users, and auditors for participating
      and contributing to the formal verification.

    • Automated
      verification
      : The second factor that will improve formal
      verification is the automated verification, which is the concept of using
      AI to automate and optimize the formal verification process
      by reducing
      the human intervention, effort, and error in the process. Automated
      verification involves various techniques, such as machine learning,
      natural language processing, or computer vision, that can enable the AI to
      learn, understand, and analyze the system, such as the software, hardware,
      or protocol, and its properties, such as the specification, model, or
      behavior, and generate, execute, and verify the proofs, such as the
      theorems, lemmas, or corollaries, that can demonstrate the correctness,
      security, and reliability of the system.

      Automated verification also
      involves various benefits, such as speed, scale, and diversity, that can
      enhance the performance, coverage, and quality of the formal verification
      process.


    • Interactive
      verification
      : The third factor that will improve the formal
      verification is interactive verification, which is the concept of
      using Web 3 to enable and facilitate the collaboration and communication
      among the crypto and Web 3 community, in the formal verification process,
      by leveraging the decentralized, transparent, and incentivized nature of
      Web 3.

      Interactive verification involves various platforms, such as DAOs,
      DApps, or NFTs
      , that can empower and connect the developers, users, and
      auditors to create, share, and verify the system, and its properties and
      proofs in a peer-to-peer, trustless, and permissionless way. Interactive
      verification also involves various mechanisms, such as tokens, governance,
      or reputation, that can align and reward the interests, actions, and
      outcomes, of the developers, users, and auditors, in the formal
      verification process.

    NFTs Become Brand Assets

    The other trend that will impact the crypto and Web3 space
    in 2024 is the NFTs, which are non-fungible tokens that can represent unique
    and scarce digital assets, such as art, music, games, or collectibles, and can
    be owned, traded, or monetized by the users, on blockchains. They are popular
    for users, as they can provide authenticity, provenance, and ownership, of
    their digital assets, as well as creativity, expression, and identity of their
    digital selves.

    They are also popular for creators, as they can provide new
    ways of creating, distributing, and NFTs are also popular for creators, as they
    can provide new ways of creating, distributing, and monetizing their digital
    works, as well as connecting, engaging, and rewarding their fans and
    communities.

    However, in 2024, I predict that we will see a new wave of
    NFTs that will become brand assets, which are digital assets that can represent
    the identity, value, and reputation of a brand, such as a company,
    organization, or influencer, and can be owned, traded, or monetized by the
    brand, on blockchains. Brand assets are important for brands, as they can
    provide differentiation, recognition, and loyalty of their brand, as well as
    innovation, expression, and impact, of their brand.

    Source: CryptoSlam, Binance Research

    Some examples of NFTs as brand assets that will emerge or
    expand in 2024 are:

    • Nike
      is a global sports brand that produces and sells footwear, apparel,
      equipment, and accessories for various sports and fitness activities.
      Nike is also a pioneer in using NFTs as brand assets, as it has launched
      its own NFT platform, called CryptoKicks, which allows users to buy, sell,
      and trade digital sneakers, that are NFTs that have different designs,
      features, and values. Users can also customize, personalize, and animate
      their CryptoKicks using the platform’s tools, such as NikeID, which
      allows users to design and create their own NFTs, or NikeAR, which allows
      users to view and interact with their NFTs, using augmented reality. I
      hope to see more developments in 2024.
    • Oracle
      Red Bull Racing
      is another sports brand that I would mention. They have
      launched a series of NFTs called The Velocity Series with Bybit. They have
      involved leading artists: Rik Oostenbroek, Per Kristian Stoveland, Erick
      Snowfro and Jack Butcher. They have done extremely well in the bear market, where basically no one is talking about NFT. This series has been the most
      high-end and successful Web 3 digital art membership and artist drop in
      the last two years. The series has not only showcased artistic brilliance
      but also created a unique blend of art, technology, and racing excitement.
      Its global reach and innovative activations have made a lasting impact,
      setting new standards in the Web3 art community. With full disclosure, I
      am part of this drop, and I am delighted to see it from the start to the
      end. Although I will not be part of the team in 2024, I am still very
      excited to see what they will do in 2024.

    In a Nutshell

    Crypto and Web3 are not only
    technologies, but also movements, that are transforming the world of digital
    assets, games, and brands, in unprecedented ways.

    By using blockchain, AI, and Web3 technologies, users,
    creators, and brands can create, own, and monetize their digital works, as
    well as connect, collaborate, and govern their digital communities, in a decentralized,
    transparent, and incentivized manner. These trends are not only exciting but
    also challenging, as they pose various technical, social, and ethical
    questions, that need to be addressed and resolved by the crypto and Web 3
    community and beyond.

    I believe that crypto and Web 3 have the potential to unleash the
    creativity, expression, and innovation, of the human spirit and to empower the
    individual, collective, and global well-being, of human society. I also
    believe that crypto and Web3 have the responsibility to uphold the values,
    principles, and standards of human dignity and to respect the rights,
    freedoms, and diversity, of the human culture.

    The trend that will shape the crypto and Web 3 space in
    2024 is the role of AI as a game maker, which is the concept of using AI to
    generate, design, and develop games. It can provide various advantages for game-making, such as speed, scale, and diversity. In this second part of my predictions for crypto and Web 3 in 2024, I will delve into an in-depth analysis of crypto and Web 3.

    The first part of the series discussed user experience in relation to the adoption of crypto, and the role of AI.

    AI can also create games faster than human developers, as it
    can automate the processes of coding, testing, and debugging. This allows games
    at a larger scale than human developers, as it can produce infinite variations,
    combinations, and permutations of game elements, such as rules, mechanics,
    levels, or genres. Thus bringing in more diversity than human developers, as it
    can generate novel, original, and surprising game elements, such as themes,
    stories, characters, or aesthetics.

    Just a few months back, I was exploring different AI game
    generators
    from G3D.ai, GPTGame.app to Scenario.com. Honest speaking, some of
    these work very well. Games can be created with more adaptability than human
    developers, as it can adjust the game difficulty, content, and feedback based
    on the player’s preferences, skills, and behaviors.

    Keep Reading

    Therefore, in 2024, I predict that we will see a significant
    improvement in formal verification thanks to several factors:

    • Easier
      access
      : The first factor that will improve the formal verification is easier access, which is the concept of making the formal verification
      more available and accessible for the crypto and Web3 community, by
      lowering the barriers of entry, such as skills, tools, and languages.
      Easier access involves various methods, such as education, documentation,
      and tutorials, that can teach and train the developers, users, and
      auditors on the basics, principles, and practices of formal
      verification.

      Easier access also involves various solutions, such as
      frameworks, libraries, and templates, that can provide and support the
      developers, users, and auditors, with the necessary tools, languages, and
      resources, to perform formal verification. Easier access also involves
      various incentives, such as grants, bounties, and competitions, that can
      motivate and reward the developers, users, and auditors for participating
      and contributing to the formal verification.

    • Automated
      verification
      : The second factor that will improve formal
      verification is the automated verification, which is the concept of using
      AI to automate and optimize the formal verification process
      by reducing
      the human intervention, effort, and error in the process. Automated
      verification involves various techniques, such as machine learning,
      natural language processing, or computer vision, that can enable the AI to
      learn, understand, and analyze the system, such as the software, hardware,
      or protocol, and its properties, such as the specification, model, or
      behavior, and generate, execute, and verify the proofs, such as the
      theorems, lemmas, or corollaries, that can demonstrate the correctness,
      security, and reliability of the system.

      Automated verification also
      involves various benefits, such as speed, scale, and diversity, that can
      enhance the performance, coverage, and quality of the formal verification
      process.


    • Interactive
      verification
      : The third factor that will improve the formal
      verification is interactive verification, which is the concept of
      using Web 3 to enable and facilitate the collaboration and communication
      among the crypto and Web 3 community, in the formal verification process,
      by leveraging the decentralized, transparent, and incentivized nature of
      Web 3.

      Interactive verification involves various platforms, such as DAOs,
      DApps, or NFTs
      , that can empower and connect the developers, users, and
      auditors to create, share, and verify the system, and its properties and
      proofs in a peer-to-peer, trustless, and permissionless way. Interactive
      verification also involves various mechanisms, such as tokens, governance,
      or reputation, that can align and reward the interests, actions, and
      outcomes, of the developers, users, and auditors, in the formal
      verification process.

    NFTs Become Brand Assets

    The other trend that will impact the crypto and Web3 space
    in 2024 is the NFTs, which are non-fungible tokens that can represent unique
    and scarce digital assets, such as art, music, games, or collectibles, and can
    be owned, traded, or monetized by the users, on blockchains. They are popular
    for users, as they can provide authenticity, provenance, and ownership, of
    their digital assets, as well as creativity, expression, and identity of their
    digital selves.

    They are also popular for creators, as they can provide new
    ways of creating, distributing, and NFTs are also popular for creators, as they
    can provide new ways of creating, distributing, and monetizing their digital
    works, as well as connecting, engaging, and rewarding their fans and
    communities.

    However, in 2024, I predict that we will see a new wave of
    NFTs that will become brand assets, which are digital assets that can represent
    the identity, value, and reputation of a brand, such as a company,
    organization, or influencer, and can be owned, traded, or monetized by the
    brand, on blockchains. Brand assets are important for brands, as they can
    provide differentiation, recognition, and loyalty of their brand, as well as
    innovation, expression, and impact, of their brand.

    Source: CryptoSlam, Binance Research

    Some examples of NFTs as brand assets that will emerge or
    expand in 2024 are:

    • Nike
      is a global sports brand that produces and sells footwear, apparel,
      equipment, and accessories for various sports and fitness activities.
      Nike is also a pioneer in using NFTs as brand assets, as it has launched
      its own NFT platform, called CryptoKicks, which allows users to buy, sell,
      and trade digital sneakers, that are NFTs that have different designs,
      features, and values. Users can also customize, personalize, and animate
      their CryptoKicks using the platform’s tools, such as NikeID, which
      allows users to design and create their own NFTs, or NikeAR, which allows
      users to view and interact with their NFTs, using augmented reality. I
      hope to see more developments in 2024.
    • Oracle
      Red Bull Racing
      is another sports brand that I would mention. They have
      launched a series of NFTs called The Velocity Series with Bybit. They have
      involved leading artists: Rik Oostenbroek, Per Kristian Stoveland, Erick
      Snowfro and Jack Butcher. They have done extremely well in the bear market, where basically no one is talking about NFT. This series has been the most
      high-end and successful Web 3 digital art membership and artist drop in
      the last two years. The series has not only showcased artistic brilliance
      but also created a unique blend of art, technology, and racing excitement.
      Its global reach and innovative activations have made a lasting impact,
      setting new standards in the Web3 art community. With full disclosure, I
      am part of this drop, and I am delighted to see it from the start to the
      end. Although I will not be part of the team in 2024, I am still very
      excited to see what they will do in 2024.

    In a Nutshell

    Crypto and Web3 are not only
    technologies, but also movements, that are transforming the world of digital
    assets, games, and brands, in unprecedented ways.

    By using blockchain, AI, and Web3 technologies, users,
    creators, and brands can create, own, and monetize their digital works, as
    well as connect, collaborate, and govern their digital communities, in a decentralized,
    transparent, and incentivized manner. These trends are not only exciting but
    also challenging, as they pose various technical, social, and ethical
    questions, that need to be addressed and resolved by the crypto and Web 3
    community and beyond.

    I believe that crypto and Web 3 have the potential to unleash the
    creativity, expression, and innovation, of the human spirit and to empower the
    individual, collective, and global well-being, of human society. I also
    believe that crypto and Web3 have the responsibility to uphold the values,
    principles, and standards of human dignity and to respect the rights,
    freedoms, and diversity, of the human culture.

    This news is republished from another source. You can check the original article here

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