Messari Briefing: 6 Consumer Crypto Tracks to Watch

By @bloomberg_seth

Translation: Huohuo/Blockchain in Vernacular

Messari published a research report, arguing that there are several consumer-level encryption areas worthy of attention, including AI agents, decentralized social networking, and on-chain games. In these areas, new technologies and concepts are shaping the future of cryptocurrencies and blockchains. These trends are not just about technological innovation, they are redefining the way we interact with the digital world.

@bloomberg_seth summarizes his specific points of interest in the consumer cryptocurrency space as follows:

1. AI agent

2. Decentralized social networking

3. On-Chain Games / Autonomous World

4. Financialization of NFT

5. Content co-creation

6. Digital/physical intersection

1. AI agent

Entities on the chain can interact with social, DeFi or any other applications autonomously, which is achieved through the identity standard (ERC-6551), giving NFT the ability to own other NFTs and accumulate assets. Trends from the Web2 world indicate a boom in virtual presence.

2. Decentralized social networking

This refers to social products that give content ownership to creators rather than large platforms, and allow for more flexible monetization methods. The ultimate goal is to enable a new value flow system between applications.

3. On-Chain Games / Autonomous Worlds (AWs)

Autonomous worlds have fully on-chain game state and logic, enabling developers and users to take advantage of the open and composable nature of cryptographic infrastructure. The open architecture enables anyone to build games, items or characters on top of a shared world layer.

4. Financialization of NFT

Since the massive rise of the NFT market in 2021, the merger of NFT and finance has been the focus of attention. Many of the NFT financial applications that have been developed come in the form of offering loans against NFT collateral. New NFT uses could drive this trend forward.

5. Content co-creation

NFTs provide a lineage record for content contributions, creating a digital supply chain in which individual creators can be paid for the success of larger works. NFTs allow creators to coordinate on a larger scale, whereas before, creation was limited to small teams.

6. Digital/entity interaction

Bridging the physical and digital worlds in the crypto space, allowing physical goods to extend into the digital realm, creates new ways of distribution for creators, as well as new ways of interacting with owners.