NFT.NYC 2024/ Main Stage/ 4 April – NFT Revolution 2024: Trends & Future Predictions by Anndy Lian

NFT.NYC 2024/ Main Stage/ 4 April – NFT Revolution 2024: Trends & Future Predictions by Anndy Lian

Anndy Lian took the stage at NFT.NYC to share his insights on the evolving landscape of non-fungible tokens (NFTs). His speech, a blend of personal anecdotes and industry analysis, provided a compelling look at the future of NFTs.

The Journey from Skepticism to Mainstream

Lian reminisced about the early days of NFTs, when his predictions were met with skepticism. Yet, he stood firm, and today, the diverse utilities of NFTs vindicate his foresight. His books, “Blockchain Revolution 2030” and “NFT: From Zero to Hero,” have not only topped sales charts but also demystified NFTs for the masses.

NFT Revolution 2024: The Trends Shaping the Future

Lian highlighted several key trends poised to shape the NFT space:

1) Hybrid Protocols such as ERC404: The convergence of fungible tokens (FTs) and NFTs creates new possibilities for asset management and ownership.
2) Real-World Asset NFTs (RWA NFTs): NFTs are transcending digital art, impacting sectors like real estate and supply chain management, making transactions more transparent and efficient. Nexum.ai is another example he gave on how they use supply chain financing with NFTs.
3) Institution-Backed NFTs: Major institutions are exploring NFTs, wrapping products within them, and providing a layer of credibility and security to the digital assets.
4) AI-Enhanced NFTs: Beyond generative art, AI is being leveraged to offer membership access and training products, signaling a move towards more practical applications. Copx.ai was the platform he quoted.
5) Meme-Inspired NFTs with a Twist: Projects like SquidGrow demonstrate the power of community and intellectual property (IP) in driving the value and utility of NFTs.
5) Photography NFT Marketplaces: Real photographs as NFTs offer a unique taste and authenticity that could attract big brands and create new opportunities for photographers. The example he shared about Seed.Photo is good sample.

Final Thoughts: The Road Ahead

Concluding his speech, Lian stressed the need for security measures to foster consumer adoption. The goal is to integrate mainstream buyers into the NFT ecosystem, ensuring robust communities and sustainable revenue streams.

Anndy Lian’s speech at NFT.NYC was more than just a presentation; it was a clarion call for the industry to embrace the NFT revolution with open arms and a cautious mind. As we look towards the future, it’s clear that NFTs are not just a fleeting trend but a transformative force reshaping the digital economy.

This article aims to encapsulate the essence of Anndy Lian’s speech, offering readers a glimpse into the potential trajectories of NFTs. For those looking to go deeper into the subject, Lian’s books and social media channels are good references in the realm of digital assets.

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Crypto and Web 3 Predictions in 2024 (Part 2)

Crypto and Web 3 Predictions in 2024 (Part 2)

Insights

How does AI contribute to game development in the crypto and Web 3 space in 2024?

Anndy Lian said AI in 2024 is playing a pivotal role as a game maker in crypto and Web 3. It accelerates game development by automating coding, testing, and debugging processes, producing diverse game elements, and adapting difficulty and content based on player preferences.

What factors will contribute to the improvement of formal verification in 2024, specifically in the crypto and Web 3 community?

In 2024, the improvement of formal verification in the crypto and Web 3 community will be driven by factors such as easier access, involving education and frameworks, automated verification using AI to streamline processes, and interactive verification leveraging Web 3 platforms like DAOs and DApps for collaboration.

How are brands using NFTs as digital assets in 2024, and what impact do they have on brand differentiation and recognition?

Anndy Lian mentioned that brands like Nike and Oracle Red Bull Racing are utilizing NFTs as digital assets in 2024 to enhance brand differentiation, recognition, and loyalty. Examples include Nike's CryptoKicks platform for digital sneakers and Oracle Red Bull Racing's Velocity Series, showcasing a unique blend of art, technology, and racing excitement.

What overarching impact do blockchain, AI, and Web3 technologies have on the transformation of digital assets, games, and brands in 2024?

Anndy Lian commented that blockchain, AI, and Web3 technologies are not only transforming digital assets, games, and brands but also empowering users, creators, and brands to create, own, and monetize digital works in a decentralized, transparent, and incentivized manner. These technologies pose exciting yet challenging questions that need addressing within the crypto and Web 3 community.

The trend that will shape the crypto and Web 3 space in 2024 is the role of AI as a game maker, which is the concept of using AI to generate, design, and develop games. It can provide various advantages for game-making, such as speed, scale, and diversity. In this second part of my predictions for crypto and Web 3 in 2024, I will delve into an in-depth analysis of crypto and Web 3.

AI Becomes a Game Maker

AI can also create games faster than human developers, as it can automate the processes of coding, testing, and debugging. This allows games at a larger scale than human developers, as it can produce infinite variations, combinations, and permutations of game elements, such as rules, mechanics, levels, or genres. Thus bringing in more diversity than human developers, as it can generate novel, original, and surprising game elements, such as themes, stories, characters, or aesthetics.

Just a few months back, I was exploring different AI game generators from G3D.ai, GPTGame.app to Scenario.com. Honest speaking, some of these work very well. Games can be created with more adaptability than human developers, as it can adjust the game difficulty, content, and feedback based on the player’s preferences, skills, and behaviors.

Therefore, in 2024, I predict that we will see a significant improvement in formal verification thanks to several factors:

  • Easier access: The first factor that will improve the formal verification is easier access, which is the concept of making the formal verification more available and accessible for the crypto and Web3 community, by lowering the barriers of entry, such as skills, tools, and languages. Easier access involves various methods, such as education, documentation, and tutorials, that can teach and train the developers, users, and auditors on the basics, principles, and practices of formal verification.

    Easier access also involves various solutions, such as frameworks, libraries, and templates, that can provide and support the developers, users, and auditors, with the necessary tools, languages, and resources, to perform formal verification. Easier access also involves various incentives, such as grants, bounties, and competitions, that can motivate and reward the developers, users, and auditors for participating and contributing to the formal verification.

  • Automated verification: The second factor that will improve formal verification is the automated verification, which is the concept of using AI to automate and optimize the formal verification process by reducing the human intervention, effort, and error in the process. Automated verification involves various techniques, such as machine learning, natural language processing, or computer vision, that can enable the AI to learn, understand, and analyze the system, such as the software, hardware, or protocol, and its properties, such as the specification, model, or behavior, and generate, execute, and verify the proofs, such as the theorems, lemmas, or corollaries, that can demonstrate the correctness, security, and reliability of the system. Automated verification also involves various benefits, such as speed, scale, and diversity, that can enhance the performance, coverage, and quality of the formal verification process.

  • Interactive verification: The third factor that will improve the formal verification is interactive verification, which is the concept of using Web 3 to enable and facilitate the collaboration and communication among the crypto and Web 3 community, in the formal verification process, by leveraging the decentralized, transparent, and incentivized nature of Web 3.

    Interactive verification involves various platforms, such as DAOs, DApps, or NFTs, that can empower and connect the developers, users, and auditors to create, share, and verify the system, and its properties and proofs in a peer-to-peer, trustless, and permissionless way. Interactive verification also involves various mechanisms, such as tokens, governance, or reputation, that can align and reward the interests, actions, and outcomes, of the developers, users, and auditors, in the formal verification process.

NFTs Become Brand Assets

The other trend that will impact the crypto and Web3 space in 2024 is the NFTs, which are non-fungible tokens that can represent unique and scarce digital assets, such as art, music, games, or collectibles, and can be owned, traded, or monetized by the users, on blockchains. They are popular for users, as they can provide authenticity, provenance, and ownership, of their digital assets, as well as creativity, expression, and identity of their digital selves.

They are also popular for creators, as they can provide new ways of creating, distributing, and NFTs are also popular for creators, as they can provide new ways of creating, distributing, and monetizing their digital works, as well as connecting, engaging, and rewarding their fans and communities.

However, in 2024, I predict that we will see a new wave of NFTs that will become brand assets, which are digital assets that can represent the identity, value, and reputation of a brand, such as a company, organization, or influencer, and can be owned, traded, or monetized by the brand, on blockchains. Brand assets are important for brands, as they can provide differentiation, recognition, and loyalty of their brand, as well as innovation, expression, and impact, of their brand.

Some examples of NFTs as brand assets that will emerge or expand in 2024 are:

  • Nike is a global sports brand that produces and sells footwear, apparel, equipment, and accessories for various sports and fitness activities. Nike is also a pioneer in using NFTs as brand assets, as it has launched its own NFT platform, called CryptoKicks, which allows users to buy, sell, and trade digital sneakers, that are NFTs that have different designs, features, and values. Users can also customize, personalize, and animate their CryptoKicks using the platform’s tools, such as NikeID, which allows users to design and create their own NFTs, or NikeAR, which allows users to view and interact with their NFTs, using augmented reality. I hope to see more developments in 2024.
  • Oracle Red Bull Racing is another sports brand that I would mention. They have launched a series of NFTs called The Velocity Series with Bybit. They have involved leading artists: Rik Oostenbroek, Per Kristian Stoveland, Erick Snowfro and Jack Butcher. They have done extremely well in the bear market, where basically no one is talking about NFT. This series has been the most high-end and successful Web 3 digital art membership and artist drop in the last two years. The series has not only showcased artistic brilliance but also created a unique blend of art, technology, and racing excitement. Its global reach and innovative activations have made a lasting impact, setting new standards in the Web3 art community. With full disclosure, I am part of this drop, and I am delighted to see it from the start to the end. Although I will not be part of the team in 2024, I am still very excited to see what they will do in 2024.

In a Nutshell

Crypto and Web3 are not only technologies, but also movements, that are transforming the world of digital assets, games, and brands, in unprecedented ways.

By using blockchain, AI, and Web3 technologies, users, creators, and brands can create, own, and monetize their digital works, as well as connect, collaborate, and govern their digital communities, in a decentralized, transparent, and incentivized manner. These trends are not only exciting but also challenging, as they pose various technical, social, and ethical questions, that need to be addressed and resolved by the crypto and Web 3 community and beyond.

I believe that crypto and Web 3 have the potential to unleash the creativity, expression, and innovation, of the human spirit and to empower the individual, collective, and global well-being, of human society. I also believe that crypto and Web3 have the responsibility to uphold the values, principles, and standards of human dignity and to respect the rights, freedoms, and diversity, of the human culture.

Source: https://www.financemagnates.com/cryptocurrency/crypto-and-web3-outlook-2024-innovations-in-user-experience-driving-adoption/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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Crypto and Web 3 Predictions in 2024 (Part 1)

Crypto and Web 3 Predictions in 2024 (Part 1)

Insights

What are some of the trends that will shape the future of crypto and Web3 in 2024?

Anndy Lian highlighted the trends shaping the future of crypto and Web3 in 2024 include significant improvements in user experience, the evolution of a modular technology stack, integration of AI and blockchain, and the emphasis on user-centric design.

How will the modular technology stack impact the user experience in crypto and Web3 in 2024?

Anndy Lian suggested that the modular technology stack in crypto and Web3 allows for easy integration and interoperability, enhancing flexibility, scalability, and compatibility among different solutions. Users can access multiple blockchains and protocols through a single wallet, reducing complexity and friction.

What role does AI play in improving the user experience of crypto and Web3 applications in 2024?

Anndy Lian mentioned that AI enhances the user experience by offering personalization, recommendation, automation, and optimization. AI-powered assistants, tools, and platforms simplify interactions with crypto and Web3 applications through natural language, voice, or chat, making it more accessible to users.

How will the play to earn model transform into a play and earn model in 2024, and what technologies will drive this transformation?

Anndy Lian shared that the play to earn model will transform into a play and earn model in 2024, powered by Web3 technology. This transformation empowers players to become creators, curators, or governors of games through decentralized platforms like DAOs. The incorporation of AI technology also contributes to the creation of generative content, enriching gameplay, diversity, and creativity.

How can user-centric design positively impact the adoption of crypto and Web3 technologies in 2024?

User-centric design, focusing on tailoring products and services to user needs, enhances the usability, accessibility, and desirability of crypto and Web3 technologies. Platforms like Audius exemplify user-centric design, allowing users to engage with crypto and Web3 functionalities without the need for in-depth technical knowledge.

AI and Blockchain Convergence to Reshape Crypto and Web3 in 2024

  • This article covers the first part of crypto and Web 3 predictions in 2024.
  • The integration of AI and blockchain technology is expected to enhance the Web 3 user experience.

The year 2023 has been a remarkable one for the crypto and Web3 space, with many innovations, challenges, and opportunities emerging. The adoption of decentralized technologies has grown exponentially, reaching new heights of user engagement, value creation, and social impact.

As we enter 2024, what are some of the trends that will shape the future of crypto and Web3? Here are some of my predictions and thoughts as we delve into the first part of our crypto and Web 3 predictions for 2024. It is based on the current state of the industry, the latest developments, and the potential scenarios.

New UX User Experience

One of the main barriers to mass adoption of crypto and Web3 is the user experience (UX), which is often complex, confusing, and intimidating for newcomers. Users have to deal with unfamiliar concepts such as wallets, keys, addresses, gas fees, transactions, smart contracts, and more. They also have to navigate through multiple platforms, protocols, and applications, each with its own interface, functionality, and terminology.

This creates a steep learning curve and a high cognitive load for users, who may feel overwhelmed and frustrated by the process. However, in 2024, I predict that we will see a significant improvement in the UX of crypto and Web3, thanks to several factors:

  • Modular technology stack: The crypto and Web3 space is evolving into a modular technology stack, where different layers and components can be easily integrated and interoperated. This allows for more flexibility, scalability, and compatibility among different solutions and reduces the friction and complexity for users. For example, users can access multiple blockchains, protocols, and applications through a single wallet, such as MetaMask, without having to switch between different accounts, networks, or devices.
  • Users can also leverage cross-chain bridges, such as Polygon, to transfer assets and data across different blockchains, such as Ethereum or Solana, without having to deal with multiple transactions, fees, or conversions. Users can also use aggregators, such as Zapper, to manage their portfolios, track their performance, and access various decentralized finance (DeFi) opportunities, such as lending, borrowing, swapping, staking, or farming, without having to visit multiple websites, apps, or platforms.
  • AI + blockchain: Another factor that will enhance the UX of crypto and Web3 is the integration of artificial intelligence (AI) and blockchain. AI can provide various benefits for users, such as personalization, recommendation, automation, and optimization. For example, users can use AI-powered assistants, such as GPT-4, to interact with crypto and Web3 applications through natural language, voice, or chat without having to learn complex commands, codes, or interfaces.
  • Users can also use AI-powered tools, such as [Rebalance] or [Yearn], to automatically allocate, rebalance, and optimize their crypto portfolios based on their preferences, goals, and risk profiles without having to manually monitor, analyze, or execute their strategies. Users can also use AI-powered platforms, such as OpenAI Codex, to create, deploy, and manage their own crypto and Web3 applications, such as smart contracts, decentralized autonomous organizations (DAOs), or non-fungible tokens (NFTs), without having to write, test, or audit any code.
  • User-centric design: The third factor that will improve the UX of crypto and Web3 is the user-centric design, which is the process of designing products and services that are tailored to the needs, wants, and behaviors of the users, rather than the features, functions, or technologies of the products and services. User-centric design involves various methods, such as user research, user testing, user feedback, user personas, user journeys, user stories, and user interfaces, to understand, empathize, and satisfy the users. User-centric design is essential for crypto and Web3, as it can help to reduce the gap between the users and the technology, and increase the usability, accessibility, and desirability of the products and services.
  • For example, users can use user-centric platforms, such as Audius, to discover, create, and share music or art, using crypto and Web3 technologies, such as tokens, royalties, or governance, without having to know the technical details or implications of these technologies.

Play to Earn Becomes Play and Earn

Another trend that will dominate the crypto and Web3 space in 2024 is the play to earn model, which is the concept of earning crypto rewards by playing games. Play to earn games are powered by blockchain technology, which enables the creation of digital assets, such as NFTs, that can represent in-game items, characters, or lands, and can be owned, traded, or monetized by the players. Play to earn games also leverage smart contracts, which enable the creation of decentralized economies, such as tokens, that can reward the players for their participation, contribution, or achievement in the games.

Play to earn games are attractive for players, as they can provide fun, entertainment, and social interaction, as well as income, empowerment, and ownership. However, in 2024, I predict that we will see a transformation of the play to earn model, into a play and earn model, which is the concept of earning crypto rewards by playing and creating games. Play and earn games are powered by Web3 technology, which enables the creation of decentralized platforms, such as DAOs, that can empower the players to become creators, curators, or governors of the games.

Play and earn games also leverage AI technology, which enables the creation of generative content, such as stories, worlds, or characters, that can enrich the gameplay, diversity, and creativity of the games. Play and earn games are attractive for players, as they can provide not only fun, entertainment, and social interaction but also expression, innovation, and collaboration.

Personally, I do believe the bigger players like Axie Infinity and Sandbox will make big changes and moves in 2024. In the second part of this article, we will look at the role of AI in developing games.

Source: https://www.financemagnates.com/cryptocurrency/ai-and-blockchain-convergence-to-reshape-crypto-and-web3-in-2024/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

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