With the year coming to a close, a16z has dropped its prediction for the blockchain and artificial intelligence (AI) sectors come 2024. The leading venture capital firm sees a future where blockchain technology becomes increasingly user-friendly and accessible.
Thank you for reading this post, don't forget to subscribe!According to the firm’s annual trend report, developers will ramp up user experience and interaction with decentralized applications (dApps) in the year 2024. Innovative UX tools such as passkeys and smart accounts will work towards streamlining the process of signing into dApps and managing cryptocurrency assets. Both AI and blockchain tech will be merged to form innovative and thrilling applications.
For instance, AI has the potential to drive decentralized applications (dApps) delivering tailored experiences while blockchain can be employed to guarantee the authenticity of content generated by AI.
a16z also predicts that non-fungible tokens (NFTs) will morph into commonplace brand assets. These brands are expected to leverage NFTs for customer engagement, the creation of innovative revenue channels, and to set themselves apart from competitors.
NFTs have the potential to craft distinctive and personalized experiences for customers, in addition to serving as a means to monitor ownership of tangible assets.
