23/11/2023
⭐ Social and Consumer Use Cases
Unlike Web2, Web3 is moving from finance to social. Recently there has been more attention on the social element of Web3, seeking to use tokenization to transform social behavior. With consumer transactions becoming more frequent on-chain, stablecoins may become an increasingly important on-ramp and off-ramp settlement solution for DeFi and TradFi.
⭐ ZK-Enabled Modularity and Composability
We believe zero-knowledge proofs will continue to mature, both with new theoretical advancements in recursive proving and gradual specialization by firms within the vertical to specific roles such as co-processing, prove executions, zkDevOps, and privacy layers. With this we are beginning to use ZKPs as a way of establishing a common interface between different layers of a modular tech stack.
⭐ Bitcoin Ecosystem
The overall Bitcoin ecosystem, which has seen a flurry of renewed interest ahead of the anticipated 2024 halving, could potentially be another area to watch in the next year or so. This includes possible SEC approval of ETFs from major TradFi funds, as well as a modularized Bitcoin blockchain that allows for more composable smart contracts.
Source: Pantera Capital managing partner Paul Veradittakit for Coindesk