It’s no secret that bear markets are challenging. A quick scan of top projects of any past market cycle will unveil how many once-promising projects have faded into oblivion. While these cycles are often discouraging, many fail to realize that with every market downturn comes the opportunity for innovation toward a stronger future for Web3. Just look at Uniswap and OpenSea’s success to see how real the potential is for “building in a bear market” to spark new bullish cycles.
So, as we navigate the market climate, which is showing glimmers of hope for an upward trajectory, what innovations do we see on the horizon? At the top of the list sits artificial intelligence (AI) and its potential to take Web3 into its most valuable and exciting period of change, a new era that will unlock a goal we’ve been chasing since day dot: onboarding 1 billion users.
In what feels like an overnight period, AI has undoubtedly become the most exciting technological innovation since, well, blockchain technology. It feels natural that these two next-generation industries will unify to power the future of humanity. The proliferation of AI applications, the next iteration of Web2’s (controversial) success in improving and reimagining our digital existence through algorithmic curation and targeting, also presents an opportunity to step back and ask ourselves what Web3 really needs to hit mass adoption. Near the top of the list, many would agree, is to simplify and strengthen many blockchain use cases so that average users can easily participate.
Why are apps like Spotify, Amazon and Instagram so good at delivering the content we didn’t even know we needed? While it’s no secret these companies mine our data and invade our privacy to train
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