Multicoin Capital's Vision for 2024: Embracing AI, Crypto, and Web3 Innovations
Multicoin Capital, a leading crypto venture capital firm, recently outlined its excitement and predictions for 2024, providing a glimpse into the future of the crypto landscape.
Stablecoin-Powered Remittances Transforming Emerging Markets
Multicoin Capital anticipates a significant impact of stablecoins in the remittance sector, especially in emerging markets. High costs and limited accessibility have historically plagued remittances. Stablecoin utilization, particularly in traditionally inaccessible corridors, could revolutionize this space by significantly lowering costs and increasing efficiency. The firm foresees the rise of consumer-facing remittance apps and B2B solutions for Money Transfer Operators (MTOs) leveraging stablecoins.
The Shift from Crypto as a Product to an Underlying Power
2024 is expected to witness a paradigm shift where crypto transitions from being the primary product to a fundamental force powering diverse applications. This change is evident in various sectors, from mapping and GPU marketplaces to neobanks and reward systems. For instance, Hivemapper and Render Network are leveraging crypto to incentivize contributions and address GPU shortages. Similarly, major corporations like Nubank and Starbucks are integrating crypto into their loyalty and rewards programs.
On-Chain Data and Social Applications
The on-chain data landscape is set to explode in 2024, with decentralized social protocols expected to generate substantial data. This surge will necessitate a nuanced approach to managing and contextualizing this data, particularly in social applications. The challenge lies in adapting the universal graph of on-chain social data to cater to diverse social contexts, a task that
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