Crypto analyst Jamie Coutts says five key trends will drive the mainstream adoption of blockchain technology.
Coutts, a former crypto market analyst at Bloomberg Intelligence, says on the social media platform X that payments, account abstraction, real-world assets, non-fungible tokens (NFTs)/gaming, and artificial intelligence (AI) will all accelerate global blockchain usage.
In terms of payments, the analyst predicts that stablecoins will become “ubiquitous in developed and emerging economies.”
Account abstraction aims to enable smart contracts to function without requiring blockchain users to actually relinquish control of their funds to the contract, according to the Crypto Council for Innovation. Coutts believes account abstraction will meld the web3 user experience into web2 and enable “next-gen programmable financial products.”
In terms of real-world assets, the analyst predicts a “tokenization supernova is coming.” Coutts draws attention to a recent report from 21.co that suggests the tokenization sector could scale to between $3.5-$10 trillion by 2030. 21.co is the parent company of 21shares, the world’s largest crypto exchange-traded product (ETP) issuer.
Coutts also says blockchain scaling is “priming NFTs for mass adoption,” arguing that non-fungible tokens will become central to corporate customer loyalty strategies.
Lastly, the analyst argues that “blockchains will bank the machines.”
“Smart contract wallets will allow humans to empower AI to transact on-chain.”
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Generated Image: DALLE3
Read the full article here
