Spartan’s Outlook for 2024: Optimistic about the Bitcoin Ecosystem, DePIN and Other 9 Major Cryptocurrencies

23-12-19 11:05

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Original Title: "9 things that excite us in Web3 in 2024"

Original Author: The Spartan Group

Original Translation: Deep Tide TechFlow

2023 is the year when the cryptocurrency industry survived through a bear market. Despite the turbulence experienced during this year, it also provided space for incredible new technological innovations.

The following are some things that the partners of Spartan's investment, consulting, and laboratory team are excited about regarding the upcoming cryptocurrency in 2024. This article will delve into the nine most exciting trends of the year, from Web3 games to the Bitcoin ecosystem. These trends not only herald a huge transformation in the Web3 field, but also reveal a more open, interconnected, and innovative digital future.

AAA Level Web3 Game

Kelvin Koh, Co-founder and Partner of Spartan Capital, Chief Information Officer:

I am excited about the next generation of AAA quality Web3 games, some of which will be released in 2024. I believe these games will bring millions of new Web3 users and demonstrate why Web3 games are a further evolution of existing Web2 games.

Based on Bitcoin construction, consumer applications, and Asian markets

Melody He, Co-founder and Partner of Spartan Consulting, Co-Director:

For 2024, there are 4 things that I am particularly excited about:

·Unleash the power of the Bitcoin blockchain based on Bitcoin assets.

·Symbolizes the consumer application of the next generation of NFT development.

·The Asian market has become the center of cryptocurrency - from encrypted transactions to enterprise adoption.

·Capital flows to regulated exchanges and local exchanges, and liquidity will become more dispersed. However, this also forces projects to invest in local partners and exchanges, rather than just listing on overseas exchanges without utilizing their tokens to promote local adoption of the project.

Merger-driven Integration

Casper B. Johansen, Co-founder and Partner of Spartan Consulting, Co-Director:

I expect that 2024 will be a year of growth and consolidation for the Web3 industry. Specifically, I believe we will see consolidation among centralized exchanges. This consolidation will take three main forms:

1. Domestic integration between competitors in the same market.

2. Regional integration between exchanges operating in adjacent markets.

3. Cross-continental integration into strategic markets through large-scale global participation.

We will also see a sharp increase in mergers and acquisitions in other areas of Web3, including custody, data and analytics, staking, and payments. After the integration wave driven by Web3-native mergers and acquisitions, we will see a second wave led by non-Web3-native companies, as well as some larger Web3 platforms going public.

Main Applications, Zero-Knowledge Proofs, and Modular Blockchain

Leeor Groen, Managing Director of Spartan Group:

I am glad that the industry is validating the infrastructure we have built over the past few years by adopting major applications. In Web3, we will begin to measure the success of this in different ways, in addition to personal assets, we will also begin to realize the value of computing ownership. Privacy and security will be key driving factors, and we will see users begin to recognize the value of zero-knowledge proofs and modular blockchains. Users may not even realize that they rely on these zero-knowledge proofs and modular blockchains in various applications, from digital identities to games and beyond.

On-chain delegation, virtual goods, and aesthetic crypto brands

Adrian Lai, Chief Creative Officer of Spartan Lab (Studio Director):

In 2023, concepts such as "如意图", networked playable characters, encrypted AI agents, NFT applications, and modular account abstractions emerged. In 2024, I anticipate that these scattered cryptographic concepts will converge into a powerful economy centered around autonomous chain agents.

Next, Apple's Vision Pro is about to be released. I am excited about the corresponding wave of virtual goods and experiences that the new spatial format will bring.

Finally, I look forward to seeing more aesthetically-driven native crypto brands led by innovators such as Family, Blackbird, Bebop, Seed Club, Zora, and FWB.