The Biggest Crypto Narratives of 2023
In 2023, the biggest crypto narratives are expected to be centered around scaling solutions using zero-knowledge (ZK) proofs, on-chain options and hedging protocols, protocols moving to their own app-chains, the emergence of NFTfi, and the growth of web3 social and gaming.
ZK scaling solutions, also known as ZK rollups, allow for large amounts of data to be validated and executed on the Ethereum main chain without revealing the data itself. Protocols like ZKSync, StarkNet, 0xPolygon, Scroll, and Aztec Network are at the forefront of this research and are expected to make significant progress in 2023.
On-chain options and hedging protocols, which allow for the creation of options contracts on the blockchain, are also expected to rise in popularity in 2023. Protocols such as GammaSwap Labs, Lyra Finance, Umami Finance, Rysk Finance, DAO Jones Options, Bond Protocol, Premia Finance, Opyn, Panoptic, and Ribbon Finance are worth keeping an eye on in this space.
Protocols may also consider moving to their own app-chains, using tools like the Cosmos SDK, in order to achieve greater scalability, lower transaction costs, and increased customization. Defi protocol Dydx made headlines in 2022 when they announced their plan to create their own app-chain.
The growing popularity of NFTs, or non-fungible tokens, has also spawned a sector of protocols focused on financializing these assets. These protocols include SudoSwap, HadesSwap, NFTX, NFTfi, BendDAO, and MetaStreet, and offer services such as NFT liquidity pools, borrowing and lending, rentals, options, and interest rate protocols.
Web3 social protocols, which offer the benefits of decentralization and censorship resistance, are also expected to gain traction in 2023. Key players in this space include Lens Protocol, founded by Stani Kulechov, Farcaster, founded by dwr, and Deso Protocol.
Web3 gaming is another area to watch in 2023. While current crypto games have mostly been play-to-earn schemes, the next wave of web3 games is expected to focus on gameplay and sustainable tokenomics, with a strong community and an easy onboarding experience for new players. It is hoped that a "super game" with these features will be released in 2023.
Overall, 2023 is expected to bring further innovation and progress in the crypto space, with these narratives leading the way.
The Future of Web 3 Gaming according to Delphi Digital
Web 3 gaming is a new and rapidly growing area within the blockchain industry. There are a number of companies and initiatives that are working to make this space more accessible, secure, and user-friendly. In this post, we will take a look at the current state of Web 3 gaming and what the future might hold.
One of the key things to keep an eye on in the Web 3 gaming space is the development of modular blockchain solutions. Companies like Celestia and Fuel are working on creating decentralized solutions that are specifically designed for gaming. Another area of focus is app-specific chains, such as Polygon's supernets and Avalanche's subnets. One of the biggest Web 3 games, DeFi Kingdoms, currently resides on a subnet.
The future of Web 3 gaming is expected to focus on ease of user onboarding, with a renewed focus on on-chain identity and data portability. Additionally, there will likely be a greater emphasis on security and audits of smart contracts. Development kits will become easier to use, making it simpler for developers to get started building games on the blockchain.
The first generation of Web 3 games has its pros and cons. While there has been significant progress in the space, there is still a lot of room for improvement. To address these issues, Delphi expects the Web 3 gaming space to become more collaborative in the future. Initiatives such as the Blockchain Game Alliance, Mythos Foundation, and Game7 alliance are working to improve collaboration between developers and players.
There are many exciting new games coming online in the Web 3 gaming space. Some of the most highly anticipated games include Ember Sword, Guild of Guardians, Illuvium, and Limit Break. It will be interesting to see which game is able to balance the use of crypto assets and the user experience the best.
In addition to new games, there are also new gaming models being developed. One of these is a move away from earn-centricity, with designers looking for ways to temper speculation and ensure that supply remains in line with demand. One solution is to limit the transferability of in-game items until the economy is fully built out. Another solution is to limit the relevance of in-game assets over time.
Another potential model for the future of gaming is strictly on-chain games. These games would have properties like a source of truth for game data being the blockchain, gaming logic and rules implemented via smart contract, and an open design that is developed in line with open design principles. The idea is to create fully autonomous worlds that exist entirely on-chain and can outlive their creators.
Despite the perceived challenges in the Web 3 gaming space, Delphi is encouraged by the quality of talent entering the space and the new models being worked on for the next generation of games. The future of Web 3 gaming looks bright, with many exciting new projects in the works. Projects to watch in the space include Dark Forest, 0xPARC, Matchbox DAO, Playmint UK, Influence, and Topology.
In conclusion, Web 3 gaming is a rapidly growing area of the blockchain industry with many exciting new developments on the horizon. From modular blockchain solutions to new gaming models, the future looks bright for the Web 3 gaming space.
Sources:
The Biggest Crypto Narratives of 2023
In 2023, the biggest crypto narratives are expected to be centered around scaling solutions using zero-knowledge (ZK) proofs, on-chain options and hedging protocols, protocols moving to their own app-chains, the emergence of NFTfi, and the growth of web3 social and gaming.
ZK scaling solutions, also known as ZK rollups, allow for large amounts of data to be validated and executed on the Ethereum main chain without revealing the data itself. Protocols like ZKSync, StarkNet, 0xPolygon, Scroll, and Aztec Network are at the forefront of this research and are expected to make significant progress in 2023.
On-chain options and hedging protocols, which allow for the creation of options contracts on the blockchain, are also expected to rise in popularity in 2023. Protocols such as GammaSwap Labs, Lyra Finance, Umami Finance, Rysk Finance, DAO Jones Options, Bond Protocol, Premia Finance, Opyn, Panoptic, and Ribbon Finance are worth keeping an eye on in this space.
Protocols may also consider moving to their own app-chains, using tools like the Cosmos SDK, in order to achieve greater scalability, lower transaction costs, and increased customization. Defi protocol Dydx made headlines in 2022 when they announced their plan to create their own app-chain.
The growing popularity of NFTs, or non-fungible tokens, has also spawned a sector of protocols focused on financializing these assets. These protocols include SudoSwap, HadesSwap, NFTX, NFTfi, BendDAO, and MetaStreet, and offer services such as NFT liquidity pools, borrowing and lending, rentals, options, and interest rate protocols.
Web3 social protocols, which offer the benefits of decentralization and censorship resistance, are also expected to gain traction in 2023. Key players in this space include Lens Protocol, founded by Stani Kulechov, Farcaster, founded by dwr, and Deso Protocol.
Web3 gaming is another area to watch in 2023. While current crypto games have mostly been play-to-earn schemes, the next wave of web3 games is expected to focus on gameplay and sustainable tokenomics, with a strong community and an easy onboarding experience for new players. It is hoped that a "super game" with these features will be released in 2023.
Overall, 2023 is expected to bring further innovation and progress in the crypto space, with these narratives leading the way.
The Future of Web 3 Gaming according to Delphi Digital
Web 3 gaming is a new and rapidly growing area within the blockchain industry. There are a number of companies and initiatives that are working to make this space more accessible, secure, and user-friendly. In this post, we will take a look at the current state of Web 3 gaming and what the future might hold.
One of the key things to keep an eye on in the Web 3 gaming space is the development of modular blockchain solutions. Companies like Celestia and Fuel are working on creating decentralized solutions that are specifically designed for gaming. Another area of focus is app-specific chains, such as Polygon's supernets and Avalanche's subnets. One of the biggest Web 3 games, DeFi Kingdoms, currently resides on a subnet.
The future of Web 3 gaming is expected to focus on ease of user onboarding, with a renewed focus on on-chain identity and data portability. Additionally, there will likely be a greater emphasis on security and audits of smart contracts. Development kits will become easier to use, making it simpler for developers to get started building games on the blockchain.
The first generation of Web 3 games has its pros and cons. While there has been significant progress in the space, there is still a lot of room for improvement. To address these issues, Delphi expects the Web 3 gaming space to become more collaborative in the future. Initiatives such as the Blockchain Game Alliance, Mythos Foundation, and Game7 alliance are working to improve collaboration between developers and players.
There are many exciting new games coming online in the Web 3 gaming space. Some of the most highly anticipated games include Ember Sword, Guild of Guardians, Illuvium, and Limit Break. It will be interesting to see which game is able to balance the use of crypto assets and the user experience the best.
In addition to new games, there are also new gaming models being developed. One of these is a move away from earn-centricity, with designers looking for ways to temper speculation and ensure that supply remains in line with demand. One solution is to limit the transferability of in-game items until the economy is fully built out. Another solution is to limit the relevance of in-game assets over time.
Another potential model for the future of gaming is strictly on-chain games. These games would have properties like a source of truth for game data being the blockchain, gaming logic and rules implemented via smart contract, and an open design that is developed in line with open design principles. The idea is to create fully autonomous worlds that exist entirely on-chain and can outlive their creators.
Despite the perceived challenges in the Web 3 gaming space, Delphi is encouraged by the quality of talent entering the space and the new models being worked on for the next generation of games. The future of Web 3 gaming looks bright, with many exciting new projects in the works. Projects to watch in the space include Dark Forest, 0xPARC, Matchbox DAO, Playmint UK, Influence, and Topology.
In conclusion, Web 3 gaming is a rapidly growing area of the blockchain industry with many exciting new developments on the horizon. From modular blockchain solutions to new gaming models, the future looks bright for the Web 3 gaming space.
Sources:
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Crypto Narratives AND Web 3.0 Gaming for 2023
Dec 27, 2022
Crypto Narratives AND Web 3.0 Gaming for 2023
Dec 27, 2022